Form 4: Prairie Operating Co. Director Jonathan Gray Converts Restricted Stock Units into Common Stock

Jonathan H. Gray, a Director at Prairie Operating Co., has acquired 7,614 shares of common stock through the vesting and settlement of previously granted restricted stock units.

Summary

• Jonathan H. Gray, a Director of Prairie Operating Co. (PROP), reported a change in beneficial ownership.
• On June 5, 2025, Mr. Gray acquired 7,614 shares of Common Stock through the conversion of Restricted Stock Units (RSUs).
• The RSUs were originally granted on June 12, 2024, and vested on June 5, 2025.
• Each RSU represented a contingent right to receive one share of common stock for 60% of the units, and either one share of common stock or cash for the remaining 40%.
• Pursuant to the award agreement, 100% of the RSUs were settled in Common Stock.
• Following this transaction, Mr. Gray beneficially owns 145,977 shares of Common Stock directly.

Sentiment

Score: 6

Explanation: The sentiment is slightly positive as a director's equity stake in the company increased through the conversion of RSUs, indicating continued alignment of interests with shareholders. However, it's a routine compensation event, not a new cash investment.

Positives

• The transaction indicates a director's continued beneficial ownership in the company, as vested restricted stock units were converted into common stock.
• The full settlement of RSUs in common stock, rather than cash, increases the director's direct equity stake in Prairie Operating Co.

Negatives

• The transaction represents the vesting of previously granted compensation, not a new cash investment by the director into the company's stock.

Future Outlook

This document, an SEC Form 4, does not contain forward-looking statements or guidance regarding the company's future financial performance or strategic outlook.

Industry Context

This Form 4 filing is a routine disclosure of an insider's change in beneficial ownership, specifically the vesting of equity compensation. It does not provide information on broader industry trends or competitive landscape, as its scope is limited to individual stock holdings.

Stakeholder Impact

• Shareholders: The transaction increases the direct equity ownership of a director, potentially aligning management interests more closely with shareholders. However, it's a routine compensation event and does not represent new capital infusion.

Key Dates

Keywords

Prairie Operating Co., PROP, Jonathan H. Gray, SEC Form 4, Insider Transaction, Beneficial Ownership, Restricted Stock Units, RSU Vesting, Common Stock, Director Holdings