Form 4 for PROP Prairie Operating Co.

Accepted 2023-10-13 00:00:00 ET · period of report 2023-10-11 · accession 0001493152-23-037143 · SEC index · Original document

Summary rows

Aggregated the way they appear in lists: one row per insider, transaction code and security table.

X	Filed	Traded	Ticker	Insider	Title	Type	Price	Qty	Owned	ΔOwn	Value
DI	2023-10-13	2023-10-11	PROP	KESSLER PAUL L.	Dir, 10%	C - Cnv Deriv	$0.18	+5.71M	36.79M	+18%	+$1.03M
DI	2023-10-13	2023-10-11	PROP	KESSLER PAUL L.	Dir, 10%	C - Cnv Deriv	—	0	0	New	—

Purchase Sale Sale after option exercise All abbreviations

#	Table	Security	Date	Code	A/D	Shares	Price	Owned after	Own	Exercise / expiry	Underlying	Footnotes
1	Common	Common Stock	2023-10-11	C	A	5,714,286	$0.18	36,786,207	I By affiliate	—	—	(F1) On 10/11/23, Bristol Investment Fund, Ltd. ("BIF") converted the principal amount of $1,000,000 of an amended and restated convertible debenture issued by the Issuer on 5/3/23 at $0.175 per share into 5,714,286 shares of common stock of the Issuer. (F3) Mr. Kessler has voting and dispositive control over the following securities: (i) 25,810,197 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), (ii) 10,976,011 shares of common stock held by Bristol Capital, LLC, a Delaware LLC ("BC"), (iii) 3,985.36 shares of Series D Preferred Stock held by BIF, (iv) a Series D "A" warrant for 1,231,483 shares of common stock and a Series D "B" warrant for 1,213,483 shares of common stock held by BIF, and (v) a warrant to purchase a total of 14,285,714 shares of common stock of the Issuer, half of which expire in May 2024 with the other half expiring in May 2028, held by BIF.
2	Derivative	Convertible Debenture	2023-10-11	C	D	—	$0.00	0	I By affiliates	$0.18 · 2023-05-03 to 2023-12-31	5,714,286 Common Stock