Prairie Operating (PROP) director reports 3,000-share purchase at ~$2.44

Rhea-AI Filing Summary

Prairie Operating Co. (PROP) director Richard N. Frommer purchased 3,000 shares on 08/25/2025 at a weighted-average price of $2.442 per share. After the transaction he beneficially owns 128,372 shares, held directly. The filing notes the reported purchase price is a weighted average from multiple trades between $2.438 and $2.445 and that the reporting person will provide details on request.

Positive

• Director purchase reported, indicating insider participation in company equity
• Full disclosure of price range ($2.438 to $2.445) with offer to provide allocation details on request

Negative

• Transaction size is small (3,000 shares), likely immaterial to overall capitalization or investor valuation

Insights

Financial Analyst

TL;DR: A director bought a small number of shares at roughly $2.44, signaling modest insider accumulation but limited market impact.

This Form 4 shows a direct purchase of 3,000 common shares by a company director, increasing his holding to 128,372 shares. The transaction price range ($2.438 to $2.445) and the modest share count suggest the trade was likely opportunistic rather than a material strategic accumulation. For most investors this is a neutral-to-slightly-positive signal of insider confidence, but the position size is small relative to typical public-company float sizes, so it is unlikely to change valuations or affect liquidity.

Corporate Governance Expert

TL;DR: Director purchase is a governance-positive action but not material; disclosure appears complete and compliant.

The filing identifies Richard N. Frommer as a director and reports timely disclosure of his purchase under Section 16 rules. The explanatory footnote clarifies a weighted-average share price across multiple executions and offers to supply allocation details, which supports transparency. No amendment or additional arrangements are disclosed. From a governance perspective, routine insider buys like this are positive signals of alignment with shareholders but are not material by themselves.

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^*

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)
08/25/2025

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	08/25/2025		P		3,000(1)	A	$2.442(1)	128,372	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 $2.438 to $2.445, 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/ Richard N. Frommer	08/27/2025
	** 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 did Richard N. Frommer report on Form 4 for PROP?

He reported purchasing 3,000 shares of Prairie Operating Co. common stock on 08/25/2025 and now beneficially owns 128,372 shares.

At what price were the PROP shares purchased?

The filing lists a weighted-average price of $2.442 per share and states the underlying trades ranged from $2.438 to $2.445.

What is the reporting person’s relationship to PROP?

The Form 4 identifies Richard N. Frommer as a director of Prairie Operating Co.

Was the Form 4 filed by one reporting person or a group?

The filing indicates it was a Form filed by one reporting person.

Does the filing include additional derivative or unusual transactions?

No. The Form 4 only reports a non-derivative purchase of common stock and contains no derivative transactions.