4//SEC Filing
Lee Stephen 4
Accession 0001493152-24-024023
CIK 0001162896other
Filed
Jun 13, 8:00 PM ET
Accepted
Jun 14, 9:44 PM ET
Size
13.8 KB
Accession
0001493152-24-024023
Insider Transaction Report
Form 4
Lee Stephen
Director
Transactions
- Exercise/Conversion
Common Stock
2024-06-12+6,863→ 6,863 total - Exercise/Conversion
Restricted Stock Units
2024-06-12−6,863→ 0 total→ Common Stock (6,863 underlying) - Sale
Common Stock
2024-06-12$12.85/sh−179$2,300→ 6,684 total - Sale
Common Stock
2024-06-14$10.98/sh−426$4,677→ 6,258 total - Award
Restricted Stock Units
2024-06-12+7,614→ 7,614 total→ Common Stock (7,614 underlying)
Footnotes (6)
- [F1]On October 16, 2023, the Issuer affected a reverse stock split at an exchange ratio of 1:28.5714286.
- [F2]The restricted stock units ("RSUs") were granted on August 25, 2023, vested on May 3, 2024, and were settled on June 12, 2024. The RSUs represent the economic equivalent of one share of common stock, par value $0.01 per share, of the Issuer ("Common Stock"). Pursuant to the terms of the award agreement, 100% of the RSUs were settled in Common Stock.
- [F3]The price reported in this Column 4 is a weighted average price. These shares were sold in multiple transaction prices ranging from $12.75 to $13.18, inclusive. The reporting person undertakes to provide to Prairie Operating Co. (the "Company"), any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the ranges set forth in footnotes (3) and (4) to this Form 4.
- [F4]The price reported in this Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $10.90 to $11.01, inclusive.
- [F5]Each RSU represents a contingent right to receive (a) with respect to 60% of the RSUs, one share of Common Stock, and (b) with respect to 40% of the RSUs, either one share of Common Stock or an amount of cash equal to the fair market value of one share of Common Stock.
- [F6]The RSUs vest 100% on June 5, 2025.
Documents
Issuer
Prairie Operating Co.
CIK 0001162896
Entity typeother
Related Parties
1- filerCIK 0001955297
Filing Metadata
- Form type
- 4
- Filed
- Jun 13, 8:00 PM ET
- Accepted
- Jun 14, 9:44 PM ET
- Size
- 13.8 KB