Prairie Operating Co. — Director's Dealing 2024

Jun 15, 2024

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Prairie Operating Co. (PROP)
CIK: 0001162896
Period of Report: 2024-06-12

Reporting Person: Kovalik Edward (Director, Chief Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2024-06-12	Common Stock	A	125619	—	Acquired	1274453	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2024-06-12	Performance Units	$	A	83746	Acquired		Common Stock (83746)	Direct

Footnotes

F1: Represents restricted stock units ("RSUs") granted under the 2024 Amended & Restated Prairie Operating Co. Long-Term Incentive Plan (the "LTIP"). Each RSU represents a contingent right to receive, upon vesting, one share of common stock, par value $0.01 per share, of the Issuer ("Common Stock"). The 125,619 RSUs reported on this Form 4 will vest ratably in three annual installments beginning on March 5, 2025.

F2: On October 16, 2023, the Issuer affected a reverse stock split at an exchange ratio of 1:28.5714286.

F3: Represents an award of performance units representing a contingent right to receive one share of Common Stock per performance unit. Between 0% and 200% of the target number of performance units granted, which were granted under the LTIP, are eligible to vest during a three-year performance period beginning on January 1, 2024 and ending on December 31, 2026 based on continued employment and the Issuer's relative total shareholder return in comparison to the total shareholder return performance among the Performance Peer Group (as defined in the award agreement).