Paul L. Kessler - 08 Apr 2024 Form 4 Insider Report for Prairie Operating Co. (PROP)

Role: Director, 10%+ Owner
Signature: /s/ Paul L. Kessler
Issuer symbol: PROP
Transactions as of: 08 Apr 2024
Net transactions value: +$900,000
Form type: 4
Filing time: 10 Apr 2024, 16:30:43 UTC
Previous filing: 14 Mar 2024
Next filing: 14 Jun 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PROP	Common Stock	Conversion of derivative security	$900,000	+150,000	+11%	$6.00	1,524,613	08 Apr 2024	By affiliate	F1, 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
holding	PROP	Series D Preferred Stock						797,072	08 Apr 2024	Series Preferred Stock	797,072		By affiliates	F2
holding	PROP	Warrant						292,472	08 Apr 2024	Warrant	292,472		By affiliates	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On 4/8/24, Bristol Investment Fund, Ltd. ("BIF") exercised warrants to purchase a total of 150,000 shares of common stock at an exercise price of $6.00 per share for an aggregate purchase price of $900,000.00.
F2	BIF holds 3,985.36 shares of Series D Preferred Stock (with stated value of $1,000 per share), convertible at $5.00 per share, and a Series D "A" warrant for 292,472 shares (expires May 2028).
F3	Mr. Kessler has voting and dispositive control over the following securities: (i) 1,135,826 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), (ii) 384,160 shares of common stock held by Bristol Capital, LLC, a Delaware LLC ("BC"), (iii) 3,985.36 shares of Series D Preferred Stock held by BIF, (iv) a Series D "A" warrant for 292,472 shares of common stock, (v) 3,250 shares of common stock held by Mr. Kessler in his personal capacity; and (vi) 1,377 shares of common stock held by Bristol Capital Advisors Profit Sharing Plan.