Form 4: Prairie Operating Co. Director Boosts Stake

A director and 10% owner of Prairie Operating Co. significantly increased their beneficial ownership of common stock through multiple open market purchases.

Summary

• Narrogal Nominees Pty Ltd ATF Gregory K O'Neill Family Trust, a director and 10% owner of Prairie Operating Co. (PROP), acquired a total of 1,736,499 shares of common stock.
• These purchases occurred over several transactions between November 14, 2025, and November 21, 2025.
• The acquisition prices ranged from $1.6698 to $1.7471 per share.
• Following these transactions, the reporting person's beneficial ownership increased to 13,776,036 shares.
• The total value of shares acquired is approximately $2,978,336.37.

Sentiment

Score: 8

Explanation: The significant volume of insider buying by a director and 10% owner indicates strong confidence in the company's future and suggests a belief that the stock is undervalued. This is a very positive signal for investors.

Positives

• Significant insider buying by a director and 10% owner, indicating strong confidence in the company's future prospects.
• The purchases were made at various price points, suggesting a belief in the long-term value of the stock.
• The total beneficial ownership of the reporting person has substantially increased, aligning their interests further with other shareholders.

Future Outlook

This Form 4 filing does not contain specific forward-looking statements or guidance from the company.

Management Comments

• Narrogal Nominees Pty Ltd ATF Gregory K O'Neill Family Trust (the 'Family Trust') is the record holder of all securities reported herein.
• Gregory K. O'Neill is the sole director of Narrogal Nominees Pty Ltd, the trustee of the Family Trust, and as such has voting or investment control over the shares directly held by the Family Trust.
• Mr. O'Neill is also a beneficiary of the Family Trust.
• As a result of these relationships, each of these entities and individuals may be deemed to have or share beneficial ownership of the securities held of record by the Family Trust.
• Each such entity or person disclaims beneficial ownership of such securities except to the extent of their respective pecuniary interest therein.

Industry Context

Insider buying, particularly by a director and significant owner, often signals confidence in the company's operational performance and strategic direction, potentially indicating a belief that the stock is undervalued relative to its peers or future prospects within the energy sector.

Comparison to Industry Standards

• This filing reports insider transactions and does not provide performance metrics for comparison to industry standards or specific comparable companies/projects. However, significant insider buying can be seen as a positive signal, often outperforming general market sentiment during periods of uncertainty.

Related Party Transactions

• The transactions involve Narrogal Nominees Pty Ltd ATF Gregory K O'Neill Family Trust, Narrogal Nominees Pty Ltd, and Gregory K O'Neill, who are all related parties due to Mr. O'Neill's role as sole director of the trustee and a beneficiary of the Family Trust, and his direct relationship to the issuer as a director and 10% owner.

Stakeholder Impact

• Shareholders: Increased confidence due to insider buying, potentially leading to positive share price movement.
• Management: Stronger alignment of interests between a key director/owner and the company's performance.

Next Steps

• This filing does not specify future actions or milestones beyond the reported transactions.

Key Dates

Recommendation

The substantial and consistent open market purchases by a director and 10% owner, Gregory K. O'Neill, through his family trust, signals a very strong conviction in Prairie Operating Co.'s intrinsic value and future prospects. Such significant insider buying, totaling nearly $3 million, often precedes positive company developments or indicates a belief that the stock is significantly undervalued. This action aligns management's interests directly with shareholders and provides a compelling reason for investors to consider a 'strong buy' position, assuming no other adverse information is available.

Keywords

Prairie Operating Co., PROP, Insider Buying, Form 4, Beneficial Ownership, Director Purchases, Stock Acquisition, Gregory K O'Neill, Narrogal Nominees