Form 4: Prairie Operating Co. Director Gregory K. O'Neill Reports Significant Transactions in Common Stock and Preferred Stock
SEC Form 4
Gregory K. O'Neill, a director and 10% owner of Prairie Operating Co., reports the acquisition and disposal of common stock and preferred stock, along with related warrants, through Narrogal Nominees Pty Ltd ATF Gregory K O'Neill Family Trust.
Summary
- On August 15, 2024, Gregory K. O'Neill, through Narrogal Nominees Pty Ltd ATF Gregory K O'Neill Family Trust, engaged in transactions involving Prairie Operating Co.'s common stock, Series D Preferred Stock, Series E Preferred Stock and related warrants.
- The transactions included the acquisition of 4,000,000 shares of common stock at $6, another 4,000,000 shares of common stock at $5, and 400,000 shares of common stock at $5.
- O'Neill also disposed of 4,000,000 shares of common stock.
- Following these transactions, the total amount of common stock beneficially owned is 10,439,614 shares.
- O'Neill also holds Series E B Common Stock Purchase Warrants for 4,000,000 shares, Series E Preferred Stock convertible to 4,000,000 shares of common stock, and Series D Preferred Stock convertible to 400,000 shares of common stock.
- The Family Trust is the record holder of all securities reported, and Gregory K. O'Neill, as the sole director of Narrogal Nominees Pty Ltd, has voting and investment control over these shares.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it is a report of transactions, not an announcement of positive or negative news.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for insiders of publicly traded companies, providing transparency into their transactions in the company's securities.
Stakeholder Impact
- The transactions may influence investor perception of the company's stock.
Key Dates
| Date | Description |
|---|---|
| 05/03/2023 | Original date related to Series D Preferred Stock. |
| 08/15/2023 | Original date related to Series E B Common Stock Purchase Warrant and Series E Preferred Stock. |
| 08/15/2024 | Date of the reported transactions involving common stock, preferred stock, and warrants. |
| 08/19/2024 | Date of signature for the Form 4 filings. |
| 05/03/2028 | Expiration date of an A warrant to purchase 2,000,000 shares of Common Stock. |
| 08/15/2028 | Expiration date of an A warrant to purchase 4,000,000 shares of Common Stock. |
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.