James W. Wallis - Sep 7, 2023 Form 4 Insider Report for Prairie Operating Co. (PROP)

Role
10%+ Owner
Signature
/s/ James W. Wallis
Stock symbol
PROP
Transactions as of
Sep 7, 2023
Transactions value $
$1,187,644
Form type
4
Date filed
9/18/2024, 04:55 PM
Previous filing
Sep 25, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PROP Common Stock Purchase $623K +204K +35.87% $3.05 774K Sep 7, 2023 By James W. Wallis LivingTrust F1, F2
transaction PROP Common Stock Sale -$208K -68.1K -8.8% $3.05 706K Oct 10, 2023 By James W. Wallis Living Trust F2, F3
transaction PROP Common Stock Exercise of in-the-money or at-the-money derivative security $382K +63.7K +9.02% $6.00 770K May 1, 2024 By James W Wallis Living Trust F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction PROP Series D Convertible Preferred Stock Purchase $1.46K +478 $3.05 478 Sep 7, 2023 Common Stock 95.6K $5.00 By: James W. Wallis Living Trust F1, F2, F4
transaction PROP Series A Warrants Purchase $292K +95.6K $3.05 95.6K Sep 7, 2023 Common Stock 95.6K $6.00 By: James W. Wallis Living Trust F1, F2
transaction PROP Series B Warrants Purchase $292K +95.6K $3.05 95.6K Sep 7, 2023 Common Stock 95.6K $6.00 By: James W. Wallis Living Trust F1, F2
transaction PROP Series D Convertible Preferred Stock Sale -$486 -159 -33.33% $3.05 319 Oct 10, 2023 Common Stock 31.9K $5.00 By: James W. Wallis Living Trust F2, F3, F4
transaction PROP Series A Warrants Sale -$97.2K -31.9K -33.33% $3.05 63.7K Oct 10, 2023 Common Stock 31.9K $6.00 By: James W. Wallis Living Trust F2, F3
transaction PROP Series B Warrants Sale -$97.2K -31.9K -33.33% $3.05 63.7K Oct 10, 2023 Common Stock 31.9K $6.00 By: James W. Wallis Living Trust F2, F3
transaction PROP Series B Warrants Exercise of in-the-money or at-the-money derivative security $0 -63.7K -100% $0.00 0 May 1, 2024 Common Stock 63.7K $6.00 By: James W. Wallis Living Trust F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

James W. Wallis is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 On September 7, 2023, the Reporting Person Purchased for a purchase price of $1.5 million, the following securities: 204,222 shares of Common Stock; 477.89 shares of Series D Convertible Preferred Stock; 95,578 Series A Warrants; and 95,578 Series B Warrants. The values of the aforementioned securities were adjusted to reflect the reverse stock split that occurred on October 16, 2023.
F2 On October 16, 2023, the issuer effected a reverse stock split of the outstanding shares of the issuer's common stock at an exchange ratio of 1:28.5714286. All security amounts and conversion prices have been adjusted to reflect this reverse stock split.
F3 On October 10, 2023, the Reporting Person sold for $500,000, the following securities: 68,134 shares of Common Stock; 159.30 shares of Series D Convertible Preferred Stock; 31,860 Series A Warrants; and 31,860 Series B Warrants.
F4 The shares of Series D Convertible Preferred Stock have no expiration date.