Jonathan H. Gray - 12 Jun 2024 Form 4 Insider Report for Prairie Operating Co. (PROP)

Role
Director
Signature
/s/ Jonathan H. Gray
Issuer symbol
PROP
Transactions as of
12 Jun 2024
Net transactions value
$0
Form type
4
Filing time
14 Jun 2024, 20:29:06 UTC
Previous filing
30 May 2024
Next filing
13 Nov 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 Options Exercise $0 +6,863 $0.000000 6,863 12 Jun 2024 Direct

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 Restricted Stock Unit Options Exercise $0 -6,863 -100% $0.000000* 0 12 Jun 2024 Common Stock 6,863 Direct F1, F2, F3
transaction PROP Restricted Stock Unit Award $0 +7,614 $0.000000 7,614 12 Jun 2024 Common Stock 7,614 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Restricted Stock Unit ("RSU") represents a contingent right to receive (a) with respect to 60% of the RSUs, one share of common stock, par value $0.01 per share, of the Issuer ("Common Stock"), and (b) with respect to 40% of the RSUs, either one share of Common Stock or an amount of cash equal to the fair market value of one share of Common Stock.
F2 On October 16, 2023, the Issuer effected a reverse stock split of outstanding shares of the Issuer's Common Stock at an exchange ratio of 1:28.5714286, resulting in the adjustment of the previously reported RSU award, originally covering 196,078 shares of Common Stock.
F3 Pursuant to the terms of the award agreement, 100% of the RSUs were settled in Common Stock.