Form 4: Prairie Operating CFO Sells Shares for Tax Obligations

Prairie Operating Co.'s EVP and CFO, Gregory Scott Patton, disposed of 96,979 shares of common stock to cover tax withholding obligations related to restricted stock vesting.

Summary

• Gregory Scott Patton, EVP and CFO of Prairie Operating Co. (PROP), reported a transaction on March 26, 2026.
• The transaction involved the disposition of 96,979 shares of Common Stock at a price of $2.04 per share.
• This disposition was identified as a tax withholding event (Transaction Code 'F') related to the vesting of restricted stock.
• Following this transaction, Mr. Patton beneficially owns 691,224 shares of Common Stock directly.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event. The transaction is a non-discretionary sale to cover tax liabilities from restricted stock vesting, which is a common and expected part of executive compensation.

Positives

• The transaction represents the vesting of restricted stock, indicating a prior grant of equity compensation to the EVP and CFO.
• The disposition was non-discretionary, solely to satisfy tax withholding obligations, rather than a market sale driven by personal investment decisions.

Negatives

• A reduction in the direct beneficial ownership of common stock by a key executive, though for a non-discretionary reason.

Management Comments

• Shares were withheld upon vesting of restricted stock to satisfy tax withholding obligations.

Industry Context

StockSavvy.ai notes that Form 4 filings are routine disclosures of insider transactions. This specific filing indicates a non-discretionary sale for tax purposes, which is a common occurrence when restricted stock awards vest for executives across various industries.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a non-discretionary tax-related sale, not indicative of a change in executive sentiment or company fundamentals.
• Employees: No direct impact.

Key Dates

Keywords

Prairie Operating Co., PROP, Form 4, Insider Trading, Gregory Scott Patton, CFO, Stock Sale, Tax Withholding, Restricted Stock Vesting