Form 4: Prairie Operating Co. Director Paul L. Kessler Reports Acquisition of 150,000 Shares

Director Paul L. Kessler reports the acquisition of 150,000 shares of Prairie Operating Co. common stock through the exercise of warrants by Bristol Investment Fund, Ltd.

Summary

• On April 8, 2024, Paul L. Kessler, a director and 10% owner of Prairie Operating Co., reported acquiring 150,000 shares of common stock.
• The acquisition was made through the exercise of warrants by Bristol Investment Fund, Ltd. (BIF) at a price of $6.00 per share, totaling $900,000.
• Following the transaction, Mr. Kessler indirectly beneficially owns 1,524,613 shares of common stock through affiliated entities.
• Mr. Kessler has voting and dispositive control over shares held by BIF, Bristol Capital, LLC (BC), and Bristol Capital Advisors Profit Sharing Plan, as well as shares held in his personal capacity.

Sentiment

Score: 5

Explanation: Neutral sentiment as it is a standard regulatory filing detailing a transaction. The director's investment could be seen as a positive signal, but it's not overtly promotional.

Positives

• A director's investment in the company may signal confidence in its future prospects.

Industry Context

Form 4 filings are standard disclosures required by the SEC to ensure transparency in insider trading activities. This filing indicates changes in beneficial ownership by a director of Prairie Operating Co.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment due to the director's increased investment.

Key Dates