Form 4: Prairie Operating Co. Director Jonathan H. Gray Reports Changes in Beneficial Ownership
SEC Form 4
Director Jonathan H. Gray reports transactions involving Prairie Operating Co. common stock and derivative securities.
Summary
- On September 7, 2023, Jonathan H. Gray purchased securities from Alpha Capital Anstalt for $800,000, including common stock, Series D Convertible Preferred Stock, Series A Warrants, Series B Warrants, and Rights to Purchase common stock.
- On October 16, 2023, Prairie Operating Co. executed a reverse stock split at a ratio of 1:28.5714286, impacting the reporting person's ownership.
- As of April 25, 2024, there were transactions involving common stock and B Common Stock Purchase Warrants held by First Idea Ventures LLC and First Idea International, Ltd.
- The reporting person indirectly holds securities through First Idea International, Ltd. and First Idea Ventures LLC, with shared voting and investment power with his spouse, Chloe Gray, in the latter.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a regulatory filing detailing transactions. No explicit positive or negative indicators are present.
Industry Context
This filing is a routine disclosure related to changes in beneficial ownership by a company insider, as required by the SEC. It doesn't provide specific insights into broader industry trends but reflects individual investment decisions.
Stakeholder Impact
- The transactions may influence investor perception of the company's stock.
- Changes in ownership by a director can be a signal to the market.
Key Dates
| Date | Description |
|---|---|
| 05/03/2023 | Date related to the exercisability and expiration of warrants. |
| 09/07/2023 | Reporting Person purchased securities from Alpha Capital Anstalt. |
| 10/16/2023 | The Issuer effected a reverse stock split of outstanding shares. |
| 04/25/2024 | Transactions involving common stock and B Common Stock Purchase Warrants. |
| 05/03/2024 | Expiration date of B Common Stock Purchase Warrants. |
| 05/30/2024 | Date of the report. |
| 05/03/2028 | Expiration date of Series A Warrants. |
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