Edward Kovalik - 12 Jun 2024 Form 4 Insider Report for Prairie Operating Co. (PROP)

Role
Chief Executive Officer, Director
Signature
/s/ Edward Kovalik
Issuer symbol
PROP
Transactions as of
12 Jun 2024
Transactions value $
$0
Form type
4
Filing time
14 Jun 2024, 20:31:01 UTC
Previous filing
05 May 2023
Next filing
19 Dec 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PROP Common Stock Award $0 +125,619 +10.9% $0.000000 1,274,453 12 Jun 2024 Direct F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction PROP Performance Units Award $0 +83,746 $0.000000 83,746 12 Jun 2024 Common Stock 83,746 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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.
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).