Key facts
- This page summarizes Paul L. Kessler's Form 4 filing for Prairie Operating Co. (PROP).
- 2 reported transactions and 4 derivative rows are listed below.
- Accepted by SEC: 13 Oct 2023, 13:59.
Paul L. Kessler - 11 Oct 2023 Form 4 Insider Report for Prairie Operating Co. (PROP)
- Reporting relationship
- Director, 10%+ Owner
- Issuer ticker
- PROP
- Reported as of
- 11 Oct 2023
- Net transaction value
- +$0.05
- SEC form
- 4
- Accepted by SEC
- 13 Oct 2023, 13:59:34 UTC
- Prior SEC filing
- 27 Sep 2023
- Next SEC filing
- 02 Jan 2024
- Source filing
- View source filing
- Reporting owner signature
- /s/ Paul L. Kessler
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Paul L. Kessler filed Form 4 for Prairie Operating Co. (PROP) on 13 Oct 2023.
Change
- Previous filing in this sequence was filed on 27 Sep 2023.
- Current net transaction value: +$0.05.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
CRKR
transaction
Common Stock
Conversion of derivative security
- Transaction value
- $1,000,000
- Shares
- +5,714,286
- Change %
- +18%
- Price
- $0.1750
- Shares after
- 36,786,207
- Date
- 11 Oct 2023
- Ownership
- By affiliate
- Footnotes
- F1, F3
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
CRKR
transaction
Derivative
Convertible Debenture
Conversion of derivative security
- Transaction value
- $1,000,000
- Shares
- Change %
- Price
- Shares after
- 0
- Date
- 11 Oct 2023
- Ownership
- By affiliates
- Underlying class
- Common Stock
- Underlying amount
- 5,714,286
- Exercise price
- $0.1750
CRKR
holding
Derivative
Series D Preferred Stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 22,773,486
- Date
- 11 Oct 2023
- Ownership
- By affiliates
- Underlying class
- Series Preferred Stock
- Underlying amount
- 22,773,486
- Exercise price
- Footnotes
- F2
CRKR
holding
Derivative
Warrant
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 2,426,966
- Date
- 11 Oct 2023
- Ownership
- By affiliates
- Underlying class
- Warrant
- Underlying amount
- 2,426,966
- Exercise price
- Footnotes
- F2
CRKR
holding
Derivative
Warrant
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 14,285,714
- Date
- 11 Oct 2023
- Ownership
- By affiliates
- Underlying class
- Warrant
- Underlying amount
- 14,285,714
- Exercise price
- Footnotes
- F3
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 3 footnotes
Footnote F1
On 10/11/23, Bristol Investment Fund, Ltd. ("BIF") converted the principal amount of $1,000,000 of an amended and restated convertible debenture issued by the Issuer on 5/3/23 at $0.175 per share into 5,714,286 shares of common stock of the Issuer.
Footnote F2
BIF holds 3,985.36 shares of Series D Preferred Stock (with stated value of $1,000 per share), convertible at $0.175 per share, a Series D "A" warrant for 1,231,483 shares (expires May 2028) and a Series D "B" warrant for 1,213,483 shares (expires May 2024).
Footnote F3
Mr. Kessler has voting and dispositive control over the following securities: (i) 25,810,197 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) 10,976,011 shares of common stock held by Bristol Capital, LLC, a Delaware LLC ("BC"), (iii) 3,985.36 shares of Series D Preferred Stock held by BIF, (iv) a Series D "A" warrant for 1,231,483 shares of common stock and a Series D "B" warrant for 1,213,483 shares of common stock held by BIF, and (v) a warrant to purchase a total of 14,285,714 shares of common stock of the Issuer, half of which expire in May 2024 with the other half expiring in May 2028, held by BIF.