Form 4 for PROP Prairie Operating Co.
Accepted 2024-06-14 00:00:00 ET · period of report 2024-06-12 · accession 0001493152-24-023989 · 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 | Gray Jonathan H. | Dir | M - OptEx | $0.00 | +6,863 | 6,863 | New | $0 |
| D | 2024-06-14 | 2024-06-12 | PROP | Gray Jonathan H. | Dir | A - Grant | $0.00 | +7,614 | 7,614 | New | $0 |
| D | 2024-06-14 | 2024-06-12 | PROP | Gray Jonathan H. | Dir | M - OptEx | $0.00 | -6,863 | 0 | -100% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2024-06-12 | M | A | 6,863 | $0.00 | 6,863 | D | — | — | |
| 2 | Derivative | Restricted Stock Unit | 2024-06-12 | A | A | 7,614 | $0.00 | 7,614 | D | — · 2025-06-05 to 2026-03-15 | 7,614 Common Stock | (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. |
| 3 | Derivative | Restricted Stock Unit | 2024-06-12 | M | D | 6,863 | $0.00 | 0 | D | — · 2024-05-03 to 2024-05-03 | 6,863 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. (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. |