James W. Wallis - 07 Sep 2023 Form 4 Insider Report for Prairie Operating Co. (PROP)

Role
10%+ Owner
Signature
/s/ James W. Wallis
Issuer symbol
PROP
Transactions as of
07 Sep 2023
Net transactions value
+$1,187,644
Form type
4
Filing time
18 Sep 2024, 16:55:07 UTC
Previous filing
25 Sep 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PROP Common Stock Purchase $623,487 +204,422 +36% $3.05 774,345 07 Sep 2023 By James W. Wallis LivingTrust F1, F2
transaction PROP Common Stock Sale $207,809 -68,134 -8.8% $3.05 706,211 10 Oct 2023 By James W. Wallis Living Trust F2, F3
transaction PROP Common Stock Exercise of in-the-money or at-the-money derivative security $382,314 +63,719 +9% $6.00 769,930 01 May 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 $1,458 +478 $3.05 478 07 Sep 2023 Common Stock 95,578 $5.00 By: James W. Wallis Living Trust F1, F2, F4
transaction PROP Series A Warrants Purchase $291,513 +95,578 $3.05 95,578 07 Sep 2023 Common Stock 95,578 $6.00 By: James W. Wallis Living Trust F1, F2
transaction PROP Series B Warrants Purchase $291,513 +95,578 $3.05 95,578 07 Sep 2023 Common Stock 95,578 $6.00 By: James W. Wallis Living Trust F1, F2
transaction PROP Series D Convertible Preferred Stock Sale $486 -159 -33% $3.05 319 10 Oct 2023 Common Stock 31,860 $5.00 By: James W. Wallis Living Trust F2, F3, F4
transaction PROP Series A Warrants Sale $97,173 -31,860 -33% $3.05 63,719 10 Oct 2023 Common Stock 31,860 $6.00 By: James W. Wallis Living Trust F2, F3
transaction PROP Series B Warrants Sale $97,173 -31,860 -33% $3.05 63,719 10 Oct 2023 Common Stock 31,860 $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 -63,719 -100% $0.000000 0 01 May 2024 Common Stock 63,719 $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.