Form 4: Prairie Operating Co. Director Acquires 1.6 Million Shares and Preferred Stock

A director of Prairie Operating Co., through a family trust, acquired 1.6 million common shares and 8,000 Series D preferred shares on January 23, 2025.

Summary

• Narrogal Nominees Pty Ltd, as trustee for the Gregory K O'Neill Family Trust, acquired 1,600,000 shares of common stock in Prairie Operating Co. on January 23, 2025.
• The transaction was executed at a price of $5 per share.
• Additionally, the trust acquired 8,000 shares of Series D Preferred Stock at $5 per share on the same date.
• Following these transactions, the trust now beneficially owns 12,039,614 shares of common stock.
• Gregory K. O'Neill, as the sole director of Narrogal Nominees Pty Ltd and a beneficiary of the trust, has voting and investment control over these shares.

Sentiment

Score: 6

Explanation: The document is a routine disclosure of insider trading activity. The acquisition of shares by a director is generally viewed positively, but the document itself is neutral in tone.

Positives

• The acquisition of a significant number of shares by a director may indicate confidence in the company's future prospects.
• The purchase of both common and preferred stock suggests a diversified investment approach by the director.

Risks

• The document does not provide any information about the source of funds for the acquisition.
• The document does not provide any information about the future intentions of the director.

Management Comments

• Gregory K. O'Neill, as sole director of Narrogal Nominees Pty Ltd, has voting and investment control over the shares held by the Family Trust.
• Each entity and person disclaims beneficial ownership of such securities except to the extent of their respective pecuniary interest therein.

Industry Context

This is a standard SEC Form 4 filing, which is common for company insiders reporting changes in their beneficial ownership of company securities. It is a routine disclosure and does not indicate any specific industry trend.

Comparison to Industry Standards

• The transaction is typical for insider trading activity and is similar to other Form 4 filings by directors and officers of publicly traded companies.
• The acquisition of both common and preferred stock is not unusual for insiders who wish to align their interests with the company's performance.

Stakeholder Impact

• The acquisition of shares by a director may be viewed positively by shareholders, potentially increasing confidence in the company.
• The transaction does not have any immediate impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

beneficial ownership, common stock, preferred stock, director, acquisition, family trust, Prairie Operating Co., Narrogal Nominees