Gray Jonathan H. 4

Accession 0001493152-24-022034

CIK 0001162896other

Filed

May 29, 8:00 PM ET

Accepted

May 30, 7:38 PM ET

Size

21.6 KB

Accession

0001493152-24-022034

Form 4

Period: 2023-09-07

Director

Transactions

Purchase
A Common Stock Purchase Warrant
2023-09-07$3.05/sh+50,975$155,474→ 50,975 total(indirect: Held by First Idea International, Ltd.)
Exercise: $6.00From: 2023-05-03Exp: 2028-05-03→ Common Stock (50,975 underlying)
Purchase
B Common Stock Purchase Warrant
2023-09-07$3.05/sh+50,975$155,474→ 50,975 total(indirect: Held by First Idea International, Ltd.)
Exercise: $6.00From: 2023-05-03Exp: 2024-05-03→ Common Stock (50,975 underlying)
Purchase
Common Stock
2023-09-07$3.05/sh+109,024$332,523→ 109,024 total(indirect: Held by First Idea International, Ltd.)
Exercise of In-Money
B Common Stock Purchase Warrant
2024-04-25−50,975→ 0 total(indirect: Held by First Idea International, Ltd.)
Exercise: $6.00From: 2023-05-03Exp: 2024-05-03→ Common Stock (50,975 underlying)
Exercise of In-Money
Common Stock
2024-04-25$6.00/sh+50,975$305,850→ 159,999 total(indirect: Held by First Idea International, Ltd.)
Exercise of In-Money
Common Stock
2024-04-25$6.00/sh+150,000$900,000→ 230,159 total(indirect: By LLC)
Purchase
Series D Convertible Preferred Stock
2023-09-07$3.05/sh+254.87$777→ 254.87 total(indirect: Held by First Idea International, Ltd.)
Exercise: $5.00From: 2023-05-03→ Common Stock (50,974 underlying)
Exercise of In-Money
B Common Stock Purchase Warrant
2024-04-25−150,000→ 0 total(indirect: By LLC)
Exercise: $6.00From: 2023-05-03Exp: 2024-05-03→ Common Stock (150,000 underlying)

Footnotes (5)

[F1]The Reporting Person holds 50% and his spouse, Chloe Gray, holds 50% of the interest of First Idea Ventures LLC and each share voting and investment power over the securities held by First Idea Ventures LLC.
[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 reporting person's ownership of 2,210,120 less shares of common stock.
[F3]The shares of Series D preferred stock, par value $0.01, have no expiration date.
[F4]On September 7, 2023, the Reporting Person purchased from Alpha Capital Anstalt for a total purchase price of $800,000 the following securities: 73,194 shares of Common Stock, 254.87 shares of Series D Convertible Preferred Stock convertible into 50,974 shares of Common Stock, 50,975 Series A Warrants convertible into 50,975 shares of Common Stock, 50,975 Series B Warrants convertible into 50,975 shares of Common Stock, and 35,830 Rights to Purchase 35,830 shares of Common Stock. The values of the aforementioned securities were adjusted to reflect the reverse stock split that occurred on October 16, 2023.
[F5]This purchase warrant was previously reported as covering 4,285,714 shares at an exercise price of $0.21 per share, but was adjusted to reflect the reverse stock split that occurred on October 16, 2023.

Documents

1 file

Prairie Operating Co.

CIK 0001162896

Entity typeother