Form 4: Prairie Operating Co. CEO Edward Kovalik Disposes of Shares to Cover Tax Obligations

CEO Edward Kovalik disposed of 10,798 shares of Prairie Operating Co. stock to cover tax withholding obligations related to vesting restricted stock.

Summary

• On March 5, 2025, Edward Kovalik, CEO of Prairie Operating Co., disposed of 10,798 shares of common stock.
• The transaction was executed to satisfy tax withholding obligations upon the vesting of restricted stock.
• The price per share for the disposed shares was $7.2.
• Following the transaction, Kovalik directly owns 1,325,215 shares of Prairie Operating Co.

Sentiment

Score: 5

Explanation: The document is a standard Form 4 filing, indicating a routine transaction for tax purposes. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is related to tax obligations, which is a common reason for share disposals.

Stakeholder Impact

• The disposal of shares by the CEO could have a minor impact on shareholder sentiment, but is unlikely to be significant given the reason for the transaction.

Key Dates