Paul L. Kessler - Sep 26, 2023 Form 4 Insider Report for Prairie Operating Co. (CRKR)

Signature
/s/ Paul L. Kessler
Stock symbol
CRKR
Transactions as of
Sep 26, 2023
Transactions value $
$0
Form type
4
Date filed
9/27/2023, 07:23 PM
Previous filing
Sep 13, 2023
Next filing
Oct 13, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CRKR Common Stock Purchase +40.8K +0.37% 11M Sep 26, 2023 By affiliate F3
holding CRKR Common Stock 31.1M Sep 26, 2023 By affiliates F3

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 CRKR Series D Preferred Stock Award $0 +1.21M $0.00 1.21M Sep 12, 2023 Series Preferred Stock 1.21M By affiliates F2
transaction CRKR Warrant Award $0 +2.43M $0.00 2.43M Sep 12, 2023 Warrant 2.43M By affiliates F2
holding CRKR Convertible Debenture 5.71M Sep 26, 2023 Convertible Debenture 5.71M By affiliates F1
holding CRKR Series D Preferred Stock 21.6M Sep 26, 2023 Series Preferred Stock 21.6M By affiliates F1
holding CRKR Warrant 14.3M Sep 26, 2023 Warrant 14.3M By affiliates F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Bristol Investment Fund, Ltd. ("BIF") holds a convertible debenture with principal amount of $1,000,000, convertible at $0.175 per share, due 12/31/23 (amended and restated debenture received in connection with the May 2023 merger with Creek Road Miners, Inc.) and 3,773 shares of Series D Preferred Stock (with stated value of $1,000) convertible at $0.175 per share, with no due date, received in connection with merger
F2 212.36 shares of Series D Preferred Stock (with stated value of $1,000 per share), convertible at $0.175 per share, acquired in September 2023 pursuant to Securities Purchase Agreement ("SPA") by and between Bristol Investment Fund, Ltd. ("BIF") and another investor. Pursuant to the SPA, BIF also acquired a Series D "A" warrant for 1,231,483 shares (expires May 2028) and a Series D "B" warrant for 1,213,483 shares (expires May 2024)
F3 Mr. Kessler has voting and dispositive control over the following securities: (i) 20,095,911 shares of common stock held by Bristol Investment Fund, Ltd., a Cayman Islands exempted company ("BIF") (managed by Bristol Capital Advisors, LLC, a Delaware LLC) and (ii) 10,976,011 shares of common stock held by Bristol Capital, LLC, a Delaware LLC ("BC") (BC acquired 40,821 shares in September 2023 as payment of consulting services). In connection with Issuer's merger with Creek Road Miners, Inc. in May 2023, BIF acquired warrants to purchase a total of 14,285,714 shares of common stock of the Issuer, half of which expire in May 2024 with the other half expiring in May 2028.