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Prairie Operating Co. — Director's Dealing 2024
Jun 15, 2024
34225_dirs_2024-06-14_6b22227f-5077-4474-8843-023b7ea065eb.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Prairie Operating Co. (PROP)
CIK: 0001162896
Period of Report: 2024-06-12
Reporting Person: ABBAS GIZMAN I (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-06-12 | Common Stock | M | 6863 | — | Acquired | 6863 | Direct |
| 2024-06-12 | Common Stock | S | 179 | $12.85 | Disposed | 6684 | Direct |
| 2024-06-14 | Common Stock | S | 426 | $10.98 | Disposed | 6258 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-06-12 | Restricted Stock Units | $ | M | 6863 | Disposed | Common Stock (6863) | Direct | |
| 2024-06-12 | Restricted Stock Units | $ | A | 7614 | Acquired | Common Stock (7614) | Direct |
Footnotes
F1: On October 16, 2023, the Issuer affected a reverse stock split at an exchange ratio of 1:28.5714286.
F2: The restricted stock units ("RSUs") were granted on August 25, 2023, vested on May 3, 2024, and were settled on June 12, 2024. The RSUs represent the economic equivalent of one share of common stock, par value $0.01 per share, of the Issuer ("Common Stock"). Pursuant to the terms of the award agreement, 100% of the RSUs were settled in Common Stock.
F3: The price reported in this Column 4 is a weighted average price. These shares were sold in multiple transaction prices ranging from $12.75 to $13.18, inclusive. The reporting person undertakes to provide to Prairie Operating Co. (the "Company"), any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the ranges set forth in footnotes (3) and (4) to this Form 4.
F4: The price reported in this Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $10.90 to $11.01, inclusive.
F5: Each RSU represents a contingent right to receive (a) with respect to 60% of the RSUs, one share of 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.
F6: The RSUs vest 100% on June 5, 2025.