Form 4: Prairie Operating Co. Executive Sweeney Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Daniel T. Sweeney, EVP, GC and Corp. Sec. of Prairie Operating Co., sold 4,791 shares of common stock on May 5, 2025, to cover tax withholding obligations upon vesting of restricted stock.
Summary
- On May 5, 2025, Daniel T. Sweeney, EVP, GC and Corp. Sec. of Prairie Operating Co., disposed of 4,791 shares of common stock.
- The transaction was executed to satisfy tax withholding obligations related to the vesting of restricted stock.
- The shares were sold at a price of $4.51 per share.
- Following the transaction, Sweeney directly owns 80,789 shares of Prairie Operating Co. common stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a routine transaction to cover tax obligations.
Industry Context
This is a routine Form 4 filing, disclosing an insider transaction related to tax obligations on vested equity. These filings are common and provide transparency into executive stock ownership.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a small percentage of the outstanding shares and is related to tax obligations.
Key Dates
| Date | Description |
|---|---|
| 05/05/2025 | Date of transaction: Sweeney disposed of 4,791 shares of common stock. |
| 05/07/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Insider Trading, Daniel T. Sweeney, Prairie Operating Co., PROP, Stock Sale, Tax Withholding, Executive Compensation, Restricted Stock
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