Freeman Bryan 4
Research Summary
AI-generated summary
Prairie Operating (PROP) EVP Freeman Bryan Withholds 76,668 Shares for Taxes
What Happened
Freeman Bryan, EVP of Operations at Prairie Operating Co. (PROP), had 76,668 shares withheld on 2026-03-26 to satisfy tax withholding obligations related to the vesting of restricted stock. The withholding was recorded at $2.04 per share, a total value of approximately $156,403. This was a disposition for tax purposes rather than an open-market sale.
Key Details
- Transaction date: 2026-03-26; Filing date: 2026-03-30 (Form 4 accession 0001140361-26-012071).
- Price per share: $2.04; Shares withheld/ disposed: 76,668; Total value: ~$156,403.
- Shares owned after transaction: not disclosed in the provided filing.
- Footnote: F1 — shares were withheld upon vesting of restricted stock to satisfy tax withholding obligations (tax-withholding/cashless action).
- Transaction code: F (payment of exercise price or tax liability).
Context
Withholding shares to cover taxes on vested restricted stock is a routine administrative action and does not necessarily indicate a change in the insider’s view of the company. This is different from an open-market sale; the company retained a portion of vested shares to meet tax obligations.