Prairie Operating Co. filings document an independent energy company focused on oil, natural gas and natural gas liquids resources in the Denver-Julesburg Basin. Recent Form 8-K reports cover operating and financial results, material agreements, capital-structure changes, and governance events.
The company’s regulatory disclosures include definitive proxy materials for director elections, auditor ratification and shareholder voting matters. Other filings describe Series F Convertible Preferred Stock, common-stock warrants, repurchase and amendment agreements, board resignations, interim leadership appointments, separation arrangements and related exhibit filings.
Prairie Operating Co. (PROP) insider purchase: Gregory S. Patton, EVP and CFO, reported a purchase of 3,000 shares of Prairie Operating Co. common stock on 08/27/2025 at $2.51 per share. After the transaction he beneficially owned 798,519 shares directly. The Form 4 was signed on 08/28/2025.
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.
Edward Kovalik, who serves as Chief Executive Officer and a director of Prairie Operating Co. (PROP), reported an open-market purchase of 10,000 shares of the company on 08/21/2025 at a weighted-average price of $2.175 per share. After the transaction, Mr. Kovalik beneficially owned 2,037,035 shares. The filing notes the purchase occurred at multiple prices between $2.17 and $2.18 and that full allocation details are available on request.
Prairie Operating Co. director Jonathan H. Gray reported purchasing 120,563 shares of Prairie Operating Co. (PROP) on 08/21/2025 at a weighted average price of $2.16 per share (individual trades ranged from $2.12 to $2.20). After the purchase the filing shows 586,817 shares beneficially owned directly by Mr. Gray. The filing also discloses 159,999 shares indirectly held by First Idea International, Ltd. and 230,159 shares indirectly held by First Idea Ventures, LLC. The Form 4 is signed by Mr. Gray on 08/25/2025.
Jonathan H. Gray, a director of Prairie Operating Co. (PROP), purchased 218,917 shares on 08/20/2025 at a weighted average price of $2.09 per share. After the reported purchase, Mr. Gray beneficially owns 466,254 shares directly and indirectly holds 159,999 shares through First Idea International, Ltd. and 230,159 shares through First Idea Ventures, LLC. The filing notes the reported price is a weighted average for multiple purchases priced between $2.05 and $2.16. The Form 4 is signed by the reporting person on 08/21/2025.
Erik Thoresen, a director of Prairie Operating Co. (PROP), reported a purchase of 2,500 shares of common stock on 08/19/2025 at $2.37 per share. After the transaction he directly beneficially owns 120,760 shares.
The Form 4 was signed by Mr. Thoresen on 08/21/2025 and indicates the filing was made by one reporting person.
Prairie Operating Co. (PROP) director Jonathan H. Gray reported awards of restricted stock units (RSUs) on Form 4. On 08/13/2025 Mr. Gray received 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. The RSUs represent contingent rights to one share of common stock upon vesting and were reported with $0 cash price. Following the reported grants, the filing shows Mr. Gray beneficially owning 184,837 shares directly after the first grant line and 247,337 shares directly after the second grant line, plus indirect holdings of 159,999 shares held by First Idea International, Ltd. and 230,159 shares held by First Idea Ventures, LLC.
Gregory S. Patton, EVP and CFO of Prairie Operating Co. (PROP), reported equity awards granted on 08/13/2025. The Form 4 shows 665,000 restricted stock units (RSUs) granted under the company’s LTIP that will vest ratably in three annual installments beginning March 26, 2026. The filing also reports 665,000 performance units granted that can convert to one share each at 50%–200% of target based on the company’s relative total shareholder return over the three-year performance period from 01/01/2025 to 12/31/2027. Both awards have a reported acquisition price of $0 and are listed as direct beneficial ownership. Following these transactions, Mr. Patton beneficially owns 795,519 shares of common stock. The form is signed 08/15/2025.
Prairie Operating Co. insider Gary C. Hanna, President and Director, received equity awards on 08/13/2025. The Form 4 reports receipt of 687,980 restricted stock units (RSUs) that vest ratably in three annual installments beginning March 26, 2026, and 1,031,970 performance units that may convert to the same number of common shares depending on relative total shareholder return over a three-year performance period from January 1, 2025 through December 31, 2027. After these grants, Mr. Hanna beneficially owns 2,038,206 shares and holds 1,031,970 performance units; both the RSUs and performance units have a $0 reported acquisition price because they are awards under the company's long-term incentive plan.
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).