Prairie Operating (PROP) director increases stake to 112,715 shares

Rhea-AI Filing Summary

PRAIRIE OPERATING CO. director Stephen Lee reported a personal purchase of 2,500 shares of the company's common stock on 09/02/2025 at a reported price of $2.51 per share. After the transaction he beneficially owns 112,715 shares, held in a direct ownership form. The filing records a routine officer/director insider purchase under Section 16.

Insights

Financial Analyst

TL;DR: A small insider purchase increases the director's direct stake to 112,715 shares; the trade appears routine and not materially impactful.

The reported purchase of 2,500 shares at $2.51 is modest relative to typical market-moving insider transactions. The change increases direct beneficial ownership but does not indicate any other change in compensation, control, or material corporate events. This Form 4 documents a straightforward acquisition under Section 16 requiring disclosure.

Corporate Governance Expert

TL;DR: Disclosure is complete for the reported transaction; ownership is direct and properly reported on Form 4.

The Form 4 shows the reporting person as a director filing individually. The transaction is coded as a private purchase (code P) and the ownership form is direct. There are no derivative transactions or additional explanatory notes. From a governance and compliance perspective, the disclosure meets the Section 16 reporting requirement for insider trades.

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
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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^*

Lee Stephen

(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)
09/02/2025

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	09/02/2025		P		2,500	A	$2.51	112,715	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/ Stephen Lee	09/03/2025
	** 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 Prairie Operating Co. (PROP) director Stephen Lee report?

He reported a purchase of 2,500 shares of common stock on 09/02/2025 at $2.51 per share.

How many shares does Stephen Lee beneficially own after the reported trade?

Following the transaction he beneficially owns 112,715 shares in a direct ownership form.

What transaction code and filing type are shown on the Form 4?

The transaction is reported with code P and disclosed on a Form 4 filed under Section 16.

Does the Form 4 show any derivative securities or dispositions by Stephen Lee?

No. Table II for derivative securities shows no entries and the filing records only the non-derivative purchase.

Is the reported ownership indirect or direct for Stephen Lee?

The filing indicates direct (D) ownership.