Form 4 for PROP Prairie Operating Co.

Accepted 2024-06-14 00:00:00 ET · period of report 2024-06-12 · accession 0001493152-24-023987 · 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
D	2024-06-14	2024-06-12	PROP	HANNA GARY C	Pres, Dir	A - Grant	$0.00	+125.6K	1.27M	+11%	$0
D	2024-06-14	2024-06-12	PROP	HANNA GARY C	Pres, Dir	A - Grant	$0.00	+83.7K	83.7K	New	$0

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	2024-06-12	A	A	125,619	$0.00	1,274,453	D	—	—	(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.
2	Derivative	Performance Units	2024-06-12	A	A	83,746	$0.00	83,746	D	— · — to —	83,746 Common Stock	(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).