Form 4: Prairie Operating Co. Director Stephen Lee Reports Routine RSU Vesting and Share Acquisition

Prairie Operating Co. Director Stephen Lee reported the vesting of Restricted Stock Units (RSUs) on June 5, 2025, resulting in the acquisition of 4,569 shares of common stock and a cash settlement for the remaining portion.

Summary

• Stephen Lee, a Director of Prairie Operating Co. (PROP), filed a Form 4 reporting changes in beneficial ownership.
• The report details the vesting of 7,614 Restricted Stock Units (RSUs) on June 5, 2025, which were originally granted on June 12, 2024.
• Pursuant to the award agreement, 60% of the vested RSUs (4,569 units) were settled in shares of Common Stock.
• The remaining 40% of the vested RSUs (3,045 units) were settled in cash.
• Following these transactions, Stephen Lee beneficially owns 8,855 shares of Common Stock directly.

Sentiment

Score: 5

Explanation: The sentiment is neutral as this is a routine insider transaction related to equity compensation vesting, with no direct positive or negative implications for the company's operational or financial performance.

Positives

• Director Stephen Lee increased his direct beneficial ownership of Prairie Operating Co. common stock by 4,569 shares, demonstrating continued alignment with shareholder interests.

Negatives

• A portion of the vested Restricted Stock Units (40%) was settled in cash rather than entirely in common stock, indicating a partial monetization by the director.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future performance or operations.

Industry Context

This filing is a routine insider transaction report and does not provide information directly related to broader industry trends or competitive landscape within the oil and gas sector, where Prairie Operating Co. operates.

Related Party Transactions

• The transaction involves Stephen Lee, a Director of Prairie Operating Co., receiving shares and cash from the company as part of his equity compensation, which constitutes a related party transaction.

Stakeholder Impact

• Shareholders: The increase in director Stephen Lee's direct share ownership aligns his interests further with shareholders, though the partial cash settlement of RSUs means not all vested equity converted to shares.

Key Dates

Keywords

Prairie Operating Co., PROP, Stephen Lee, SEC Form 4, Insider Transaction, Beneficial Ownership, Restricted Stock Units, RSU Vesting, Equity Compensation