Paul L. Kessler - Oct 4, 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: Oct 4, 2024
Transactions value $: $0
Form type: 4
Date filed: 10/7/2024, 02:03 PM
Previous filing: Jun 25, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PROP	Common Stock	Gift	$0	-16.4K	-1.08%	$0.00	1.5M	Oct 4, 2024	By affiliates	F1
holding	PROP	Common Stock						4.1K	Oct 4, 2024	By son	F2

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						797K	Oct 4, 2024	Series D Preferred Stock	797K		By affiliates	F3
holding	PROP	Warrant						292K	Oct 4, 2024	Warrant	292K		By affiliates	F3

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

Explanation of Responses:

Id	Content
F1	Consists of: (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) 363,660 shares of common stock held by Bristol Capital, LLC, a Delaware LLC ("BC"), (iii) 1,377 shares of common stock held by Bristol Capital Advisors Profit Sharing Plan, and (iv) 3,250 shares of common stock held by Mr. Kessler in his personal capacity. The amount of shares reflected herein was reduced by 4,100 shares of common stock, which the Reporting Person gifted to his son.
F2	The Reporting Person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
F3	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).