Prairie Operating (PROP) EVP has 7,291 shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Prairie Operating Co. executive Daniel T. Sweeney, EVP, GC and Corporate Secretary, reported a tax-related share withholding on Common Stock. A total of 7,291 shares were withheld at $1.20 per share to cover tax obligations upon vesting of restricted stock, rather than sold in the open market. Following this withholding, Sweeney directly holds 550,609 shares of Prairie Operating Co. common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Sweeney Daniel T.
Role
EVP, GC and Corp. Sec.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 7,291 | $1.20 | $9K |
Holdings After Transaction:
Common Stock — 550,609 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 7,291 shares
Withholding price per share: $1.20 per share
Shares held after transaction: 550,609 shares
+1 more
4 metrics
Shares withheld for taxes
7,291 shares
Tax withholding on vested restricted stock
Withholding price per share
$1.20 per share
Value used for withheld shares
Shares held after transaction
550,609 shares
Direct holdings after tax withholding
Transaction type
Tax-withholding disposition (Code F)
Payment of tax liability by delivering securities
Key Terms
restricted stock, tax withholding obligations, Common Stock, Form 4
4 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."
Common Stock financial
"security_title: "Common Stock" for the reported transaction."
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
Form 4 regulatory
"INSIDER FILING DATA (Form 4): details the insider transaction."
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What did Prairie Operating (PROP) executive Daniel T. Sweeney report on this Form 4?
Daniel T. Sweeney reported a tax-related share withholding, not an open-market trade. Specifically, 7,291 Prairie Operating common shares were withheld to satisfy tax obligations when restricted stock vested, leaving him with 550,609 directly held shares afterward.
Was this Prairie Operating (PROP) Form 4 an open-market sale or a tax withholding event?
This Form 4 reflects a tax withholding event, not an open-market sale. The 7,291 Prairie Operating common shares were withheld upon vesting of restricted stock to satisfy tax withholding obligations, as indicated by the F transaction code and accompanying footnote.