Form 4: Prairie Operating Co. Director Erik Thoresen Sells Shares in June 2024
SEC Form 4
Director Erik Thoresen sold shares of Prairie Operating Co. (PROP) in multiple transactions between June 17 and June 20, 2024.
Summary
- Erik Thoresen, a director of Prairie Operating Co. (PROP), reported the sale of common stock in a series of transactions.
- On June 17, 2024, Thoresen sold 750 shares at a weighted average price of $11.1, with individual prices ranging from $11.00 to $11.21.
- On June 18, 2024, 88 shares were sold at a weighted average price of $11.11, with prices ranging from $11.10 to $11.25.
- On June 20, 2024, Thoresen sold 709 shares at a weighted average price of $10.62, with prices ranging from $10.20 to $10.87.
- Following these transactions, Thoresen directly owns 4,711 shares of Prairie Operating Co.
Sentiment
Score: 4
Explanation: The sentiment is neutral to slightly negative. It reflects insider selling, which can sometimes be interpreted negatively, but without additional context, it's difficult to assess the true impact.
Industry Context
Insider sales are a common occurrence and are publicly disclosed to provide transparency into the trading activities of company insiders. Investors often monitor these filings to gauge insider sentiment regarding the company's prospects.
Stakeholder Impact
- Shareholders may react to the news of insider selling, potentially influencing the stock price.
Key Dates
| Date | Description |
|---|---|
| 06/17/2024 | Erik Thoresen sold 750 shares of common stock at a weighted average price of $11.1. |
| 06/18/2024 | Erik Thoresen sold 88 shares of common stock at a weighted average price of $11.11. |
| 06/20/2024 | Erik Thoresen sold 709 shares of common stock at a weighted average price of $10.62. |
| 06/20/2024 | Date of signature for the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.