Bryan Freeman - Jun 12, 2024 Form 4 Insider Report for Prairie Operating Co. (PROP)

Role
Exec VP of Operations
Signature
/s/ Bryan Freeman
Stock symbol
PROP
Transactions as of
Jun 12, 2024
Transactions value $
-$32,744
Form type
4
Date filed
6/14/2024, 09:44 PM
Previous filing
Aug 29, 2023
Next filing
Jun 20, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PROP Common Stock Award $0 +48K +47.96% $0.00 148K Jun 12, 2024 Direct F1
transaction PROP Common Stock Sale -$10.9K -852 -0.58% $12.85 147K Jun 12, 2024 Direct F2, F3
transaction PROP Common Stock Sale -$21.8K -1.99K -1.35% $10.98 145K Jun 14, 2024 Direct F4

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 Performance Units Award $0 +32K $0.00 32K Jun 12, 2024 Common Stock 32K Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents restricted stock units ("RSUs") granted under the 2024 Amended & Restated Prairie Operating Co. Long-Term Incentive Plan (the "LTIP"). Each RSU represents a contingent right to receive, upon vesting, one share of common stock, par value $0.01 per share, of the Issuer ("Common Stock"). The 47,963 RSUs reported on this Form 4 will vest ratably in three annual installments beginning on March 5, 2025.
F2 Represents shares of Common Stock sold to cover tax withholding obligations.
F3 The price reported in this Column 4 is a weighted average price. These shares were sold in multiple transaction prices ranging from $12.75 to $13.18, inclusive. The reporting person undertakes to provide to Prairie Operating Co. (the "Company"), any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the ranges set forth in footnotes (3) and (4) to this Form 4.
F4 The price reported in this Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $10.90 to $11.01, inclusive.
F5 Represents an award of performance units representing a contingent right to receive one share of Common Stock per performance unit. Between 0% and 200% of the target number of performance units granted, which were granted under the LTIP, are eligible to vest during a three-year performance period beginning on January 1, 2024 and ending on December 31, 2026 based on continued employment and the Issuer's relative total shareholder return in comparison to the total shareholder return performance among the Performance Peer Group (as defined in the award agreement).