Paul L. Kessler - Jun 12, 2024 Form 4 Insider Report for Prairie Operating Co. (PROP)

Role
Director, 10%+ Owner
Signature
/s/ Paul L. Kessler
Stock symbol
PROP
Transactions as of
Jun 12, 2024
Transactions value $
-$6,978
Form type
4
Date filed
6/14/2024, 09:44 PM
Previous filing
Apr 10, 2024
Next filing
Jun 20, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PROP Common Stock Options Exercise +6.86K +211.17% 10.1K Jun 12, 2024 Direct F1
transaction PROP Common Stock Sale -$2.3K -179 -1.77% $12.85 9.93K Jun 12, 2024 Direct F2
transaction PROP Common Stock Sale -$4.68K -426 -4.29% $10.98 9.51K Jun 14, 2024 Direct F3
holding PROP Common Stock 1.52M Jun 12, 2024 By affiliates

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 Units Options Exercise $0 -6.86K -100% $0.00* 0 Jun 12, 2024 Common Stock 6.86K Direct F1
transaction PROP Restricted Stock Units Award $0 +7.61K $0.00 7.61K Jun 12, 2024 Common Stock 7.61K Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The restricted stock units ("RSUs") were granted on August 25, 2023, vested on May 3, 2024, and were settled on June 12, 2024. The RSUs represent the economic equivalent of one share of common stock, par value $0.01 per share, of the Issuer ("Common Stock"). Pursuant to the terms of the award agreement, 100% of the RSUs were settled in Common Stock.
F2 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 (2) and (3) to this Form 4.
F3 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.
F4 Each RSU represents a contingent right to receive (a) with respect to 60% of the RSUs, one share of 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.
F5 The RSUs vest 100% on June 5, 2025.