Prairie (PROP) CEO Patton Gregory Scott Receives 850,000-Unit Award

What Happened

• Patton Gregory Scott, CEO of Prairie Operating Co. (PROP), received two awards on 2026-06-23: 425,000 restricted stock units (RSUs) and 425,000 performance units. Both awards were reported as acquisition-type transactions at $0.00 (no cash paid). The RSUs convert to one share per RSU upon vesting; the performance units are contingent rights to receive one share per unit if specified stock-price performance milestones are met.

Key Details

• Transaction date: 2026-06-23; Form 4 filed: 2026-06-25 (timely).
• Reported price: $0.00 for both awards.
• Total units awarded: 850,000 (425,000 RSUs + 425,000 performance units).
• Post-transaction share ownership: Not specified in the provided summary of the filing.
• Footnotes of note:
  • F1: The 425,000 RSUs were granted under the 2024 Amended & Restated Prairie LTIP; each RSU equals one share on vesting. The RSUs vest ratably in three annual installments beginning June 23, 2027.
  • F2: The 425,000 performance units were granted under the LTIP and vest only upon achievement of specified stock-price milestones per the Performance Unit Award Agreement. (The filing’s F2 notes a grant date of June 23, 2027, which appears inconsistent with the 2026 transaction date and may be a typographical error in the filing.)
• Filing timeliness: Form 4 was filed two days after the transaction date, which is within the standard two-business-day reporting window.

Context

• These awards are grants, not purchases or sales; they do not represent immediate insider buying or selling and typically carry vesting and performance conditions that determine when (or if) shares are delivered. RSUs provide a straightforward right to shares on vesting; performance units depend on future stock-price milestones and therefore are more contingent. No tax-withholding or share-surrender details were reported in the provided summary.