Form 4: Prairie Operating Co. Director Paul L. Kessler Reports Acquisition of Common Stock Through Warrant Exercise

Director Paul L. Kessler reports the acquisition of 142,472 shares of Prairie Operating Co. common stock through the exercise of warrants by Bristol Investment Fund, Ltd., an affiliate over which he has voting and dispositive control.

Summary

• On March 13, 2024, Paul L. Kessler, a director and 10% owner of Prairie Operating Co., reported the acquisition of 142,472 shares of common stock.
• The acquisition resulted from Bristol Investment Fund, Ltd. (BIF) exercising warrants at a price of $6.00 per share, totaling $854,832.00.
• Following the transaction, Mr. Kessler indirectly beneficially owns 1,374,613 shares of common stock through affiliated entities.
• Mr. Kessler has voting and dispositive control over securities 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: 6

Explanation: Neutral sentiment as it's a standard disclosure of stock acquisition through warrant exercise. The exercise itself could be seen as a slightly positive signal.

Positives

• The exercise of warrants demonstrates confidence in the company's prospects by a significant shareholder.

Industry Context

Form 4 filings are a routine part of regulatory compliance for corporate insiders and large shareholders, providing transparency into their transactions in the company's stock.

Stakeholder Impact

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

Key Dates