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Prairie Operating director adds 5k shares in $20k open-market purchase

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Prairie Operating Co. (PROP) – Form 4 insider transaction

Director Richard N. Frommer disclosed an open-market purchase of the company’s common stock on 13 Jun 2025. The filing reports:

  • Shares purchased: 5,000
  • Weighted-average price: $3.99 (price range $3.98-$3.99)
  • Total consideration: roughly $19,950
  • Ownership after purchase: 24,012 shares, held directly

No derivative securities were reported. The transaction was coded “P,” indicating a routine purchase, and was executed outside a Rule 10b5-1 trading plan (the corresponding check box is blank). The filing was signed by attorney-in-fact Daniel T. Sweeney on 18 Jun 2025.

This modest insider buy increases the director’s direct holdings by approximately 26%, signalling incremental confidence but involving a relatively small dollar amount compared with typical insider activity for mid-cap issuers.

Positive

  • Director increased direct holdings by 26% through open-market purchase, signalling personal confidence in PROP shares.

Negative

  • Dollar value of the transaction (~$20k) is immaterial relative to company market capitalization, limiting market impact.

Insights

TL;DR: Small insider buy—moderately positive signal, but unlikely to move PROP shares materially.

The purchase adds 5,000 shares (~$20k) to Frommer’s stake, lifting his ownership to 24,012 shares. While open-market buying by a non-executive director typically conveys confidence, the transaction size is modest when weighed against Prairie Operating’s public float. Absence of derivative positions and the narrow price range ($3.98-$3.99) suggest a straightforward accumulation rather than strategic timing. Overall impact on valuation or liquidity is negligible; still, the action may reinforce investor sentiment that the board perceives shares as fairly valued or undervalued.

Insider Frommer Richard N.
Role Director
Bought 5,000 shs ($20K)
Type Security Shares Price Value
Purchase Common Stock 5,000 $3.99 $20K
Holdings After Transaction: Common Stock — 24,012 shares (Direct)
Footnotes (1)
  1. [object Object]
Form 4 Insider Transactions: What Each Field Means →
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*
Frommer Richard N.
(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)
06/13/2025
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 06/13/2025 P 5,000 A $3.99(1) 24,012 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. The price reported in this Column 4 is a weighted average price. These shares were purchased in multiple transaction prices ranging from $3.98 to $3.99, inclusive. The reporting person undertakes to provide to Prairie Operating Co. (the "Company"), any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each price within the ranges set forth in footnote (1) to this Form 4.
/s/ Daniel T. Sweeney, attorney-in-fact 06/18/2025
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

How many PROP shares did Director Richard N. Frommer buy?

He purchased 5,000 common shares on 13 Jun 2025.

At what price were the Prairie Operating shares bought?

The weighted-average purchase price was $3.99, with trades between $3.98 and $3.99.

What is the director's total PROP ownership after the transaction?

Following the purchase, Frommer beneficially owns 24,012 shares directly.

Does this Form 4 indicate use of a Rule 10b5-1 trading plan?

No. The Rule 10b5-1 plan check box is not marked, implying a discretionary open-market trade.

Were any derivative securities involved in this filing?

No derivative securities were reported; only common stock was acquired.