Jonathan H. Gray - Sep 30, 2024 Form 4 Insider Report for Prairie Operating Co. (PROP)

Role: Director
Signature: /s/ Jonathan H. Gray
Stock symbol: PROP
Transactions as of: Sep 30, 2024
Transactions value $: $4,999,998
Form type: 4
Date filed: 11/13/2024, 04:33 PM
Previous filing: Jun 14, 2024

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	Common Stock Purchase Warrant	Purchase	$1M	+228K		$4.38	228K	Sep 30, 2024	Common Stock	228K	$8.89	The Hideaway Entertainment, LLC	F1, F2
transaction	PROP	Common Stock Purchase Warrant	Purchase	$4M	+913K		$4.38	913K	Sep 30, 2024	Common Stock	913K	$8.89	First Idea Ventures LLC	F1, F2

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

Explanation of Responses:

Id	Content
F1	On September 30, 2024, in connection with a Subordinated Note of the same date, the Issuer entered into a Securities Purchase Agreement ("Securities Purchase Agreement") with The Hideaway Entertainment, LLC and First Idea Ventures LLC, pursuant to which The Hideaway Entertainment, LLC agreed to purchase a warrant to purchase up to 228,310 shares of common stock, par value $0.01 per share, of the Issuer ("Common Stock"), at a purchase price of $8.89 per share, from the Issuer for a total purchase price of $1,000,000, and First Idea Ventures LLC agreed to purchase a warrant to purchase up to 913,242 shares of Common Stock, at a purchase price of $8.89 per share from the Issuer for a total purchase price of $4,000,000.
F2	The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in 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.

Content

On September 30, 2024, in connection with a Subordinated Note of the same date, the Issuer entered into a Securities Purchase Agreement ("Securities Purchase Agreement") with The Hideaway Entertainment, LLC and First Idea Ventures LLC, pursuant to which The Hideaway Entertainment, LLC agreed to purchase a warrant to purchase up to 228,310 shares of common stock, par value $0.01 per share, of the Issuer ("Common Stock"), at a purchase price of $8.89 per share, from the Issuer for a total purchase price of $1,000,000, and First Idea Ventures LLC agreed to purchase a warrant to purchase up to 913,242 shares of Common Stock, at a purchase price of $8.89 per share from the Issuer for a total purchase price of $4,000,000.

The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in 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.