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

Reporting relationship: Director
Issuer ticker: PROP
Reported as of: 30 Sep 2024
Net transaction value: +$4,999,998
SEC form: 4
Accepted by SEC: 13 Nov 2024, 16:33:16 UTC
Prior SEC filing: 14 Jun 2024
Next SEC filing: 22 May 2025
Source filing: View source filing
Reporting owner signature: /s/ Jonathan H. Gray

Key filing fact

Jonathan H. Gray filed Form 4 for Prairie Operating Co. (PROP) on 13 Nov 2024.

Key facts

This page summarizes Jonathan H. Gray's Form 4 filing for Prairie Operating Co. (PROP).
2 reported transactions and 2 derivative rows are listed below.
Accepted by SEC: 13 Nov 2024, 16:33.

Change

Previous filing in this sequence was filed on 14 Jun 2024.
Current net transaction value: +$4,999,998.

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

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

PROP transaction Derivative

Common Stock Purchase Warrant

Purchase

Transaction value: $999,998
Shares: +228,310
Change %
Price: $4.38
Shares after: 228,310
Date: 30 Sep 2024
Ownership: The Hideaway Entertainment, LLC
Underlying class: Common Stock
Underlying amount: 228,310
Exercise price: $8.89
Footnotes: F1, F2

PROP transaction Derivative

Common Stock Purchase Warrant

Purchase

Transaction value: $4,000,000
Shares: +913,242
Change %
Price: $4.38
Shares after: 913,242
Date: 30 Sep 2024
Ownership: First Idea Ventures LLC
Underlying class: Common Stock
Underlying amount: 913,242
Exercise price: $8.89
Footnotes: F1, F2

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 2 footnotes

Footnote 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.

Footnote 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.