PROP Form 4: Director Erik Thoresen Acquires 2,500 Shares

Rhea-AI Filing Summary

Erik Thoresen, a director of Prairie Operating Co. (PROP), reported a purchase of 2,500 shares of common stock on 08/19/2025 at $2.37 per share. After the transaction he directly beneficially owns 120,760 shares.

The Form 4 was signed by Mr. Thoresen on 08/21/2025 and indicates the filing was made by one reporting person.

Positive

• Insider purchase disclosed: Director Erik Thoresen purchased 2,500 shares on 08/19/2025 at $2.37.
• Increased direct ownership: Beneficial ownership after the transaction is 120,760 shares.
• Timely disclosure and signature: Form 4 signed by the reporting person on 08/21/2025 and filed as one reporting person.

Negative

• None.

Insights

Financial Analyst

TL;DR: Director purchased 2,500 shares at $2.37, raising direct ownership to 120,760 shares; filing appears routine.

The Form 4 discloses a straightforward open-market purchase of 2,500 shares on 08/19/2025 at $2.37 per share. The filing shows direct beneficial ownership of 120,760 shares following the trade and is signed on 08/21/2025. Based solely on the disclosed facts, this is a routine insider purchase notification and does not include additional context such as plan-based transaction codes or derivative activity.

Corporate Governance Expert

TL;DR: Insider buying reported by a director; disclosure complies with Section 16 timing and signature requirements.

The report identifies Erik Thoresen as a director and shows a non-derivative acquisition coded "P" (purchase) for 2,500 shares on 08/19/2025 at $2.37. The form is filed by a single reporting person and bears the reporting person’s signature dated 08/21/2025. The document contains no amendments, no derivative transactions, and no indication of Rule 10b5-1 plan reliance within the provided text.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Thoresen Erik

(Last) (First) (Middle)

55 WAUGH DRIVE

SUITE 400

(Street)

HOUSTON TX 77007

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Prairie Operating Co. [ PROP ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/19/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/19/2025		P		2,500	A	$2.37	120,760	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

	/s/ Erik Thoresen	08/21/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What transaction did Erik Thoresen report for PROP?

Mr. Thoresen reported a purchase of 2,500 shares of Prairie Operating Co. common stock on 08/19/2025 at a price of $2.37 per share.

How many PROP shares does Erik Thoresen own after the reported transaction?

Following the transaction Mr. Thoresen directly beneficially owns 120,760 shares.

When was the Form 4 signed and by whom?

The Form 4 was signed by /s/ Erik Thoresen on 08/21/2025.

Was the filing submitted by multiple reporting persons?

No. The form indicates it was filed by one reporting person.

Does the Form 4 show any derivative transactions or plan-based trades?

No. The provided Form 4 shows only a non-derivative purchase (common stock) and contains no derivatives or explicit Rule 10b5-1 plan notation in the disclosed text.