Prairie Operating Co. — Director's Dealing 2023

Aug 30, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Prairie Operating Co. (CRKR)
CIK: 0001162896
Period of Report: 2023-08-25

Reporting Person: KESSLER PAUL L. (Director, 10% Owner)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-08-25	Restricted Stock Units	$	A	196078	Acquired		Common Stock (196078)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	92857	Direct
Common Stock	28435712	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Warrant	$		Warrant (14285714)	14285714	Indirect

Footnotes

F1: Each restricted stock unit ("RSU") represents a contingent right to receive (a) with respect to 60% of the RSUs, one share of common stock, par value $0.01 per share, of the Issuer ("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.

F2: The RSUs, granted on 8/25/23, vest 100% on May 3, 2024; 196,078 shares of common stock underlie the RSUs

F3: Mr. Kessler has voting and dispositive control over the following securities: (i) 17,500,522 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) and (ii) 10,935,190 shares of common stock held by Bristol Capital, LLC, a Delaware LLC ("BC"). BIF also holds warrants to purchase a total of 14,285,714 shares of common stock of the Issuer (following May 2023 merger with Creek Road Miners, Inc.)