Prairie Operating (PROP) director has 15,544 shares withheld for taxes

Rhea-AI Filing Summary

Prairie Operating Co. director Stephen Lee reported a routine tax-related share disposition. On the vesting of restricted stock, 15,544 shares of Common Stock were withheld on June 4, 2026 to satisfy tax withholding obligations at $0.87 per share. After this withholding, Lee directly holds 94,671 Common Stock shares. This was not an open-market purchase or sale but an automatic share withholding tied to equity compensation.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Lee Stephen

Role null

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	15,544	$0.87	$14K

Holdings After Transaction: Common Stock — 94,671 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Shares withheld for taxes: 15,544 shares Withholding share price: $0.87 per share Shares held after transaction: 94,671 shares +1 more

4 metrics

Shares withheld for taxes 15,544 shares Withheld on restricted stock vesting to satisfy tax obligations

Withholding share price $0.87 per share Value used for tax-withholding disposition on June 4, 2026

Shares held after transaction 94,671 shares Common Stock directly owned by Stephen Lee after withholding

Transaction date June 4, 2026 Date of tax-withholding disposition on restricted stock vesting

Key Terms

tax withholding, restricted stock, Form 4, Common Stock

4 terms

tax withholding financial

"were withheld upon vesting of restricted stock to satisfy tax withholding obligations"

Tax withholding is the practice of taking a portion of a payment—such as wages, dividends, or sale proceeds—before it reaches the recipient and sending that portion to the tax authority as an advance on the recipient’s eventual tax bill. For investors it matters because withholding reduces immediate cash received and affects after‑tax returns, estimated tax payments, and whether you may owe more or receive a refund when taxes are finally calculated, like having a small automatic savings set aside for your tax bill.

restricted stock financial

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

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.

Form 4 regulatory

"INSIDER FILING DATA (Form 4):"

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.

Common Stock financial

"security_title": "Common Stock""

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.

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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^*

Lee Stephen

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/04/2026

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	06/04/2026		F		15,544(1)	D	$0.87	94,671	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/ Stephen Lee	06/08/2026
	** 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)

FAQ

What insider transaction did Prairie Operating (PROP) disclose for Stephen Lee?

Prairie Operating director Stephen Lee reported a tax-related share disposition. On June 4, 2026, 15,544 Common Stock shares were withheld upon restricted stock vesting to cover tax obligations, leaving him with 94,671 directly held shares after the transaction.

Was the Prairie Operating (PROP) Form 4 transaction an open-market sale?

The Form 4 transaction was not an open-market sale. 15,544 Common Stock shares were automatically withheld upon restricted stock vesting to satisfy tax withholding obligations, a standard equity compensation mechanism rather than a discretionary sale in the market.

How many Prairie Operating (PROP) shares does Stephen Lee hold after the tax withholding?

Following the tax withholding event, Stephen Lee directly holds 94,671 shares of Prairie Operating Common Stock. Before this, 15,544 vested restricted shares were withheld at $0.87 per share to satisfy applicable tax obligations related to his equity compensation.

At what price were Prairie Operating (PROP) shares valued for the tax withholding?

The withheld Prairie Operating shares were valued at $0.87 per share. A total of 15,544 Common Stock shares were retained by the company at this price to cover Stephen Lee’s tax obligations when his restricted stock vested.

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

The F transaction code indicates a tax-withholding disposition. In this case, 15,544 Prairie Operating Common Stock shares were withheld upon restricted stock vesting to pay Stephen Lee’s tax liability, rather than representing a voluntary sale in the open market.