Welcome to our dedicated page for Prairie Operating SEC filings (Ticker: PROP), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
This page provides access to Prairie Operating Co. (Nasdaq: PROP) SEC filings, offering a view into how the company reports its business, governance, and capital markets activity in official documents. Prairie is an independent energy company focused on oil, natural gas, and NGL development and acquisitions in the Denver‑Julesburg (DJ) Basin, and its filings supply structured detail on these activities.
Investors can review Form 8‑K current reports in which Prairie furnishes quarterly earnings press releases under Item 2.02, disclosing financial and operating results such as revenues, production volumes, and the company’s use of non‑GAAP measures like Adjusted EBITDA. Other 8‑Ks describe material events including the reaffirmation of a reserve‑based lending facility, entry into an Equity Distribution Agreement for potential at‑the‑market common stock offerings, and changes to executive employment agreements.
Additional 8‑K filings document auditor changes, where the Audit Committee approved the engagement of a new independent registered public accounting firm and reported that there were no disagreements or reportable events with the prior auditor as defined in SEC rules. These filings also confirm Prairie’s incorporation in Delaware and its principal offices in Houston, Texas.
On Stock Titan, Prairie’s filings are updated as they are made available through EDGAR. AI‑powered tools can help summarize lengthy disclosures, highlight key items such as financing arrangements, hedging descriptions, and compensation changes, and make it easier to locate specific information across the company’s filing history. Users can also focus on filings related to capital raising, credit facilities, and other events that the company identifies as material to its DJ Basin development and acquisition strategy.
PRAIRIE OPERATING CO. director and officer Daniel T. Sweeney received equity awards reported on Form 4. On 08/13/2025 Mr. Sweeney was granted 560,000 restricted stock units (RSUs) under the company Long-Term Incentive Plan; those RSUs will vest ratably in three annual installments beginning March 26, 2026. On the same date he was granted 560,000 performance units that each represent a contingent right to one share of common stock and are eligible to vest at between 50% and 200% of target based on relative total shareholder return over a three-year performance period beginning January 1, 2025 and ending December 31, 2027. Following the reported grants, Mr. Sweeney beneficially owns 640,789 shares and holds 560,000 performance units (reported as derivative securities).
Bryan Freeman, EVP of Operations of Prairie Operating Co. (PROP), reported grants on Form 4. On 08/13/2025 he was granted 585,000 restricted stock units (RSUs) under the company LTIP that vest ratably in three annual installments beginning March 26, 2026, and 585,000 performance units that convert to common stock based on relative total shareholder return over a three-year performance period from 01/01/2025 to 12/31/2027. Following these awards, he beneficially owns 712,861 shares of common stock and 585,000 performance-unit-linked shares, all reported as direct holdings.
Pursuant to a Form 4 filed for Prairie Operating Co. (PROP), director Erik Thoresen reported two grants of restricted stock units (RSUs) on 08/13/2025. The first grant comprises 38,860 RSUs that will vest in full on June 4, 2026. The second grant comprises 62,500 RSUs that will vest ratably in three annual installments beginning on March 26, 2026. Both grants are awarded under the company’s 2024 Amended & Restated Long-Term Incentive Plan. Following these transactions Thoresen beneficially owns 118,260 shares on a direct basis as reported.
Edward Kovalik, Chief Executive Officer and Director of Prairie Operating Co. (PROP), reported equity awards and resulting ownership changes on a Form 4 dated 08/13/2025. He was granted 687,980 restricted stock units (RSUs) and 1,031,970 performance units, each performance unit convertible into one share of common stock based on relative total shareholder return over a three-year performance period (01/01/2025–12/31/2027) with payout between 50% and 200% of target. The RSUs vest ratably in three annual installments beginning March 26, 2026. The reported transactions show a beneficial ownership of 2,027,035 shares of common stock following the grants; the awards were reported with a $0 acquisition price. The Form 4 was signed on 08/15/2025.
Prairie Operating Co. (PROP) director Gizman I. Abbas received equity awards reported on Form 4 dated 08/13/2025. The filing shows two grants of restricted stock units (RSUs): 38,860 RSUs that vest in full on June 4, 2026 and 62,500 RSUs that vest ratably in three annual installments beginning March 26, 2026. Both grants were reported as acquisitions at a $0 price (i.e., awards) and increase Mr. Abbas beneficial ownership in common stock to 110,215 shares following the transactions. The reporting person is identified as a director and the Form 4 was signed on August 15, 2025.
Stephen Lee, a director of Prairie Operating Co. (PROP), reported grants of restricted stock units (RSUs). On 08/13/2025 he was granted 38,860 RSUs under the company's 2024 Amended & Restated Long-Term Incentive Plan that vest in full on June 4, 2026, and 62,500 RSUs that vest ratably in three annual installments beginning March 26, 2026. Each RSU represents a contingent right to receive one share of Common Stock upon vesting. Following these grants, Mr. Lee is shown as beneficially owning 47,715 shares after the first grant line and 110,215 shares after the second grant line per the Form 4 reporting format. The Form 4 is signed by Stephen Lee on 08/15/2025.
Richard N. Frommer, a director of Prairie Operating Co. (PROP), reported grants of restricted stock units (RSUs) on Form 4 dated 08/13/2025. The filing shows two RSU awards: 38,860 RSUs that vest in full on June 4, 2026, and 62,500 RSUs that vest ratably over three annual installments beginning March 26, 2026. Each RSU represents a contingent right to one share of common stock and was granted at a $0 price under the companys 2024 Amended & Restated Long-Term Incentive Plan.
Following the reported awards, the filing shows beneficial ownership totals of 62,872 shares after the first reported grant and 125,372 shares after the second, reflecting the directors increased potential future ownership subject to vesting.
Prairie Operating Co. updated employment agreements for its three top executives, effective August 13, 2025. The Compensation Committee approved second amended and restated agreements for CEO Ed Kovalik and President Gary C. Hanna, and an amended and restated agreement for Executive Vice President and CFO Gregory S. Patton.
Under the new terms, Mr. Kovalik’s annual base salary increases to $750,000 from $550,000 and Mr. Hanna’s to $675,000 from $550,000, both retroactive to January 1, 2025, while each of their target annual incentive bonus opportunities is reduced to 125% of base salary from 250%. The company states these changes are designed to better align their cash compensation with competitive market practices based on advice from an independent compensation consultant.
Mr. Patton’s agreement sets his annual base salary at $550,000, retroactive to January 1, 2025, and provides severance equal to three times the sum of his base salary and target annual bonus if he is terminated without cause or resigns for good reason within 12 months after a change of control. The agreements also remove outdated provisions, and full texts are filed as exhibits.
Gregory S. Patton, EVP and CFO of Prairie Operating Co. (PROP), reports beneficial ownership of equity awards. He directly holds 125,469 restricted stock units (RSUs) that convert to common stock upon vesting and 19,185 performance units tied to the companys relative total shareholder return over a three-year performance period ending December 31, 2026. Some RSUs began vesting March 5, 2025; a larger tranche begins vesting November 4, 2026.
Prairie Operating Co. Schedule 13G/A amends an earlier filing to update ownership information for Bayswater-related reporting persons. As of June 30, 2025, Bayswater Exploration & Production, LLC held 2,958,965 shares of Prairie Operating Co. common stock, representing 6.9% of the class based on 42,942,127 outstanding shares reported in the issuer's prospectus supplement. The shares were issued on March 26, 2025 under a Purchase and Sale Agreement dated February 6, 2025, and Bayswater E&P is the sole record holder and has sole voting and dispositive power over the shares. The filing notes it is not an admission that Bayswater is a beneficial owner.