Form 4: Prairie Operating Co. Director Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Gary C. Hanna, a director and President of Prairie Operating Co., sold shares to cover tax withholding obligations upon vesting of restricted stock.
Summary
- On March 5, 2025, Gary C. Hanna, a director and President of Prairie Operating Co., disposed of 10,787 shares of common stock.
- The shares were sold at a price of $7.2.
- This transaction was to cover tax withholding obligations related to the vesting of restricted stock.
- Following the transaction, Hanna directly owns 1,325,226 shares of Prairie Operating Co.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (selling shares to cover taxes). It's neither particularly positive nor negative.
Industry Context
This is a routine Form 4 filing, indicating an insider transaction. It's common for executives to sell shares to cover tax obligations when restricted stock vests.
Stakeholder Impact
- The sale of shares by a director could have a minor impact on shareholder sentiment, but is unlikely to be significant given the reason for the sale.
Key Dates
| Date | Description |
|---|---|
| 03/05/2025 | Date of transaction: Sale of common stock. |
| 03/07/2025 | Date of signature on the Form 4. |
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