Form 4 for PROP Prairie Operating Co.
Accepted 2024-06-14 00:00:00 ET · period of report 2024-06-12 · accession 0001493152-24-024021 · 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 | ABBAS GIZMAN I | Dir | M - OptEx | — | +6,863 | 6,863 | New | — |
| DM | 2024-06-14 | 2024-06-12+ | PROP | ABBAS GIZMAN I | Dir | S - Sale+OE | $11.53 | -605 | 6,258 | -9% | -$6,978 |
| D | 2024-06-14 | 2024-06-12 | PROP | ABBAS GIZMAN I | Dir | A - Grant | $0.00 | +7,614 | 7,614 | New | $0 |
| D | 2024-06-14 | 2024-06-12 | PROP | ABBAS GIZMAN I | 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 | — | 6,863 | D | — | — | (F1) On October 16, 2023, the Issuer affected a reverse stock split at an exchange ratio of 1:28.5714286. (F2) The restricted stock units ("RSUs") were granted on August 25, 2023, vested on May 3, 2024, and were settled on June 12, 2024. The RSUs represent the economic equivalent of one share of common stock, par value $0.01 per share, of the Issuer ("Common Stock"). Pursuant to the terms of the award agreement, 100% of the RSUs were settled in Common Stock. |
| 2 | Common | Common Stock | 2024-06-12 | S | D | 179 | $12.85 | 6,684 | D | — | — | (F3) The price reported in this Column 4 is a weighted average price. These shares were sold in multiple transaction prices ranging from $12.75 to $13.18, inclusive. The reporting person undertakes to provide to Prairie Operating Co. (the "Company"), any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the ranges set forth in footnotes (3) and (4) to this Form 4. |
| 3 | Common | Common Stock | 2024-06-14 | S | D | 426 | $10.98 | 6,258 | D | — | — | (F4) The price reported in this Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $10.90 to $11.01, inclusive. |
| 4 | Derivative | Restricted Stock Units | 2024-06-12 | A | A | 7,614 | $0.00 | 7,614 | D | — · — to — | 7,614 Common Stock | (F5) Each RSU represents a contingent right to receive (a) with respect to 60% of the RSUs, one share of 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. (F6) The RSUs vest 100% on June 5, 2025. |
| 5 | Derivative | Restricted Stock Units | 2024-06-12 | M | D | 6,863 | $0.00 | 0 | D | — · — to — | 6,863 Common Stock | (F2) The restricted stock units ("RSUs") were granted on August 25, 2023, vested on May 3, 2024, and were settled on June 12, 2024. The RSUs represent the economic equivalent of one share of common stock, par value $0.01 per share, of the Issuer ("Common Stock"). Pursuant to the terms of the award agreement, 100% of the RSUs were settled in Common Stock. |