Form 4: Prairie Operating Co. Director Gizman Abbas Sells Shares in Multiple Transactions
SEC Form 4 Filing
Director Gizman Abbas of Prairie Operating Co. reports selling common stock in a series of transactions between June 21 and June 25, 2024.
Summary
- Gizman Abbas, a director of Prairie Operating Co., sold shares of common stock in multiple transactions.
- On June 21, 2024, 199 shares were sold at a weighted average price of $10.76.
- On June 24, 2024, 115 shares were sold at a weighted average price of $10.81.
- On June 25, 2024, 111 shares were sold at a weighted average price of $11.1.
- Following these transactions, Abbas directly owns 4,286 shares of Prairie Operating Co. common stock.
Sentiment
Score: 4
Explanation: The sentiment is neutral to slightly negative as it reflects insider selling, which can sometimes be interpreted negatively by the market, but is also a routine activity.
Negatives
- Director Gizman Abbas has reduced his holdings in Prairie Operating Co.
Industry Context
This Form 4 filing is a routine disclosure of insider trading activity, which is common for directors and officers of publicly traded companies.
Key Dates
| Date | Description |
|---|---|
| 06/21/2024 | Sale of 199 shares of common stock at a weighted average price of $10.76. |
| 06/24/2024 | Sale of 115 shares of common stock at a weighted average price of $10.81. |
| 06/25/2024 | Sale of 111 shares of common stock at a weighted average price of $11.1. |
| 06/25/2024 | Date of signature by attorney-in-fact Edward Kovalik. |
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