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Prairie Operating grants RSUs to director Frommer

Frommer Richard N. reported acquisition or exercise transactions in this Form 4 filing.

(Neutral)
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Frommer Richard N. reported acquisition or exercise transactions in this Form 4 filing.

Prairie Operating Co. director Richard N. Frommer received two equity awards of 38,860 and 62,500 restricted stock units under the 2024 Amended & Restated Long-Term Incentive Plan. Each RSU is a contingent right to one common share. Following these grants, he directly holds 125,372 shares of Prairie Operating common stock.

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Insights

TL;DR: Routine director equity awards align management with shareholders and include multi-year vesting to encourage retention.

The Form 4 discloses time-based RSU grants to a director under the LTIP, with explicit vesting dates and installment schedules. Such awards are customary for boards to link directors interests to long-term shareholder value and to retain leadership. The awards are granted at $0 price as RSUs, meaning the director will receive shares only upon vesting; the filing provides clear timelines for potential dilution and future share issuance tied to vesting events.

TL;DR: The disclosure is a standard Section 16 filing showing non-derivative RSU grants with defined vesting, not a cash transaction.

The reported transactions are non-derivative RSU awards totaling 101,360 units granted on 08/13/2025. The filing lists post-transaction beneficial ownership figures (62,872 and 125,372 shares), which help quantify the directors stake if all reported units vest. There are no option exercises, sales, or cash proceeds reported; the grants are contingent on future vesting events specified in the filing.

Insider Frommer Richard N.
Role Director
Type Security Shares Price Value
Grant/Award Common Stock 38,860 $0.00 $0.00
Grant/Award Common Stock 62,500 $0.00 $0.00
Holdings After Transaction: Common Stock — 125,372 shares (Direct)
Footnotes (2)
  1. F1. Represents restricted stock units ("RSUs") granted under the 2024 Amended & Restated Prairie Operating Co. Long-Term Incentive Plan (as amended, the "LTIP"). Each RSU represents a contingent right to receive, upon vesting, one share of common stock, par value $0.01 per share, of Prairie Operating Co. ("Common Stock"). The 38,860 RSUs reported on this Form 4 will vest in full on June 4, 2026.
  2. F2. Represents RSUs granted under the LTIP. Each RSU represents a contingent right to receive, upon vesting, one share of Common Stock. The 62,500 RSUs reported on this Form 4 will vest ratably in three annual installments beginning on March 26, 2026.
RSU grant 1 38,860 RSUs Will vest in full on June 4, 2026
RSU grant 2 62,500 RSUs Will vest ratably in three annual installments beginning March 26, 2026
Post-transaction common shares 125,372 shares Director’s direct holding after reported grants
Common stock par value $0.01 per share Par value of Prairie Operating Co. common stock referenced in RSU footnote
restricted stock units financial
"Represents restricted stock units ("RSUs") granted under the 2024 Amended & Restated Prairie Operating Co. Long-Term Incentive Plan"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Long-Term Incentive Plan financial
"granted under the 2024 Amended & Restated Prairie Operating Co. Long-Term Incentive Plan (as amended, the "LTIP")"
A long-term incentive plan is a company program that pays executives or employees with stock, options, or cash tied to multi-year performance goals, where the rewards become theirs only after meeting conditions over time. Think of it as a delayed bonus or retirement-style reward that aligns employees’ interests with shareholders by encouraging them to boost long-term value; investors watch these plans because they affect pay costs, share dilution and management incentives.
contingent right financial
"Each RSU represents a contingent right to receive, upon vesting, one share of common stock"
vest ratably financial
"The 62,500 RSUs reported on this Form 4 will vest ratably in three annual installments"

FAQ

What RSU grants did Prairie Operating Co. (PROP) award to director Richard N. Frommer?

Prairie Operating Co. granted director Richard N. Frommer two RSU awards of 38,860 and 62,500 units. Each restricted stock unit represents a contingent right to receive one share of common stock upon vesting under the company’s long-term incentive plan.

How many Prairie Operating Co. (PROP) shares does Richard N. Frommer hold after this Form 4?

After the reported RSU grants, Richard N. Frommer directly holds 125,372 shares of Prairie Operating Co. common stock. This figure reflects his reported direct ownership position following the August 13, 2025 equity awards described in the Form 4 filing.

When do Richard N. Frommer’s 38,860 Prairie Operating Co. (PROP) RSUs vest?

The 38,860 restricted stock units granted to Richard N. Frommer will vest in full on June 4, 2026. Upon vesting, each RSU entitles him to receive one share of Prairie Operating Co. common stock, par value $0.01 per share.

What is the vesting schedule for Richard N. Frommer’s 62,500 Prairie Operating Co. (PROP) RSUs?

The 62,500 RSUs awarded to Richard N. Frommer vest ratably in three annual installments beginning on March 26, 2026. Each installment delivers common shares as the restricted stock units convert upon vesting under the long-term incentive plan.

Under which plan were Richard N. Frommer’s Prairie Operating Co. (PROP) RSUs granted?

Both RSU grants to Richard N. Frommer were made under the 2024 Amended & Restated Prairie Operating Co. Long-Term Incentive Plan. This plan provides for equity-based compensation, including restricted stock units that convert into common shares upon vesting.

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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)
08/13/2025
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 08/13/2025 A 38,860(1) A $0 62,872 D
Common Stock 08/13/2025 A 62,500(2) A $0 125,372 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. Represents restricted stock units ("RSUs") granted under the 2024 Amended & Restated Prairie Operating Co. Long-Term Incentive Plan (as amended, the "LTIP"). Each RSU represents a contingent right to receive, upon vesting, one share of common stock, par value $0.01 per share, of Prairie Operating Co. ("Common Stock"). The 38,860 RSUs reported on this Form 4 will vest in full on June 4, 2026.
2. Represents RSUs granted under the LTIP. Each RSU represents a contingent right to receive, upon vesting, one share of Common Stock. The 62,500 RSUs reported on this Form 4 will vest ratably in three annual installments beginning on March 26, 2026.
/s/ Richard N. Frommer 08/15/2025
** 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.
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