Form 4: Prairie Operating Co. Executive Daniel T. Sweeney Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Daniel T. Sweeney, General Counsel & Corporate Secretary of Prairie Operating Co., reports disposing of 5,515 shares of common stock to cover tax withholding obligations.
Summary
- On March 5, 2025, Daniel T. Sweeney, General Counsel & Corporate Secretary of Prairie Operating Co. (PROP), disposed of 5,515 shares of common stock.
- The transaction was executed to satisfy tax withholding obligations upon the vesting of restricted stock.
- The shares were disposed of at a price of $7.2.
- Following the transaction, Sweeney directly owns 85,580 shares of Prairie Operating Co.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to stock transactions for tax purposes. It doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company insiders. This transaction appears to be a standard tax-related stock disposal, which is common when restricted stock vests.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 03/05/2025 | Date of stock disposal transaction |
| 03/07/2025 | Date of signature on the Form 4 filing |
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