Form 4: Paul Kessler, Prairie Operating Co. Director and 10% Owner, Reports Gift of Shares and Beneficial Ownership

Paul Kessler, a director and 10% owner of Prairie Operating Co., reported gifting 16,400 shares and 4,100 shares of common stock to his son, and details his beneficial ownership including shares held directly and indirectly through affiliated entities.

Summary

• On October 4, 2024, Paul L. Kessler, a director and 10% owner of Prairie Operating Co. (PROP), reported a transaction involving the company's common stock.
• Kessler gifted 16,400 shares of common stock at $0 price.
• He also gifted 4,100 shares of common stock to his son.
• Following the transaction, Kessler beneficially owns 1,504,113 shares directly and through affiliates.
• These holdings include shares held by Bristol Investment Fund, Ltd. (BIF), Bristol Capital, LLC (BC), and Bristol Capital Advisors Profit Sharing Plan.
• BIF holds Series D Preferred Stock convertible at $5.00 per share and a Series D 'A' warrant for 292,472 shares expiring in May 2028.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing (Form 4) detailing changes in beneficial ownership. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are standard disclosures required by the SEC for insiders (directors, officers, and principal stockholders) of publicly traded companies, providing transparency into their transactions in the company's securities.

Stakeholder Impact

• The gifting of shares by a director and significant shareholder could be perceived neutrally by stakeholders, as it doesn't directly impact the company's operations or financial performance.

Key Dates