Prairie Operating CFO covers taxes with 96,979 shares

Prairie Operating Co. executive vice president and CFO Gregory Scott Patton reported a tax-related share disposition.

Rhea-AI Filing Summary

Prairie Operating Co. executive vice president and CFO Gregory Scott Patton reported a tax-related share disposition. On this Form 4, 96,979 shares of common stock were withheld at $2.04 per share upon vesting of restricted stock to satisfy tax withholding obligations. Following this non-open-market transaction, he directly holds 691,224 common shares.

Insider Trade Summary

Exercise Price or Tax Liability: 96,979 shares

Exercise Price or Tax Liability 1 txn

Insider Patton Gregory Scott

Role EVP and CFO

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock	96,979	$2.04	$198K

Holdings After Transaction: Common Stock — 691,224 shares (Direct)

Footnotes (1)

1. F1. Represents shares that were withheld upon vesting of restricted stock to satisfy tax withholding obligations.

Key Figures

Shares withheld for taxes: 96,979 shares Implied share value: $2.04 per share Shares held after transaction: 691,224 shares

3 metrics

Shares withheld for taxes 96,979 shares Withheld upon vesting of restricted stock to satisfy tax withholding obligations

Implied share value $2.04 per share Value used for tax-withholding disposition of 96,979 shares

Shares held after transaction 691,224 shares Common stock directly owned by Gregory Scott Patton after Form 4 transaction

Key Terms

restricted stock, tax withholding obligations, tax-withholding disposition

3 terms

restricted stock financial

"Represents shares that were withheld upon vesting of restricted stock to satisfy tax withholding obligations."

Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.

tax withholding obligations financial

"Represents shares that were withheld upon vesting of restricted stock to satisfy tax withholding obligations."

tax-withholding disposition financial

"transaction_action": "tax-withholding disposition""

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Prairie Operating (PROP) report for its CFO?

Prairie Operating reported that EVP and CFO Gregory Scott Patton had 96,979 common shares withheld to cover taxes upon vesting of restricted stock. This Form 4 shows a tax-withholding disposition, not an open-market purchase or sale, under SEC transaction code F.

How many Prairie Operating (PROP) shares were withheld for taxes in this Form 4?

A total of 96,979 Prairie Operating common shares were withheld to satisfy tax withholding obligations. The shares were valued at $2.04 per share and relate to the vesting of restricted stock, according to the Form 4 transaction and its accompanying footnote.

Does the Prairie Operating (PROP) Form 4 show an open-market sale by the CFO?

No, the Form 4 shows a tax-withholding disposition, not an open-market sale. Shares were delivered to satisfy tax withholding obligations upon vesting of restricted stock, categorized under transaction code F rather than a market purchase or sale transaction code.

What are Gregory Scott Patton’s Prairie Operating (PROP) holdings after this transaction?

After the tax-withholding disposition, Gregory Scott Patton directly holds 691,224 Prairie Operating common shares. This post-transaction balance is reported in the Form 4 as the total shares following the transaction, reflecting his remaining direct ownership stake.

What does transaction code F mean in the Prairie Operating (PROP) Form 4?

Transaction code F indicates payment of exercise price or tax liability by delivering securities. In this case, it reflects shares of restricted stock being withheld upon vesting to satisfy tax withholding obligations, rather than an open-market buy or sell decision.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 03/30/2026 - 09:31 PM EDT Learn about SEC filing dates

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^*

Patton Gregory Scott

(Last) (First) (Middle)

55 WAUGH DRIVE

SUITE 400

(Street)

HOUSTON TEXAS 77007

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/26/2026

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

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

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

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	03/26/2026		F		96,979(1)	D	$2.04	691,224	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:

1. Represents shares that were withheld upon vesting of restricted stock to satisfy tax withholding obligations.

	/s/ Gregory S. Patton	03/30/2026
	** 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.
* Form 4: SEC 1474 (03-26)