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Prairie Operating Co. — Director's Dealing 2024
Jun 15, 2024
34225_dirs_2024-06-14_a6bab365-fbde-4d57-8d75-5ceef1f378d1.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: Gray Jonathan H. (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-06-12 | Common Stock | M | 6863 | $0.00 | Acquired | 6863 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-06-12 | Restricted Stock Unit | $ | M | 6863 | Disposed | 2024-05-03 | Common Stock (6863) | Direct |
| 2024-06-12 | Restricted Stock Unit | $ | A | 7614 | Acquired | 2026-03-15 | Common Stock (7614) | Direct |
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: On October 16, 2023, the Issuer effected a reverse stock split of outstanding shares of the Issuer's Common Stock at an exchange ratio of 1:28.5714286, resulting in the adjustment of the previously reported RSU award, originally covering 196,078 shares of Common Stock.
F3: Pursuant to the terms of the award agreement, 100% of the RSUs were settled in Common Stock.