Kovalik Edward 4
4 · Prairie Operating Co. · Filed Jun 14, 2024
Insider Transaction Report
Form 4
Kovalik Edward
DirectorChief Executive Officer
Transactions
- Award
Common Stock
2024-06-12+125,619→ 1,274,453 total - Award
Performance Units
2024-06-12+83,746→ 83,746 total→ Common Stock (83,746 underlying)
Footnotes (3)
- [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).