Welcome to our dedicated page for Prairie Operating Co. 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.
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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.
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.
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.
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.
Prairie Operating Co. reported a quarter of rapid scale-up following two acquisitions. Total revenue was $68.1 million for the three months ended June 30, 2025, led by crude oil sales of $57.9 million. The company reported $35.7 million of income from continuing operations for the quarter and basic earnings per share of $1.04 (diluted $0.18), while weighted average basic shares were 44.06 million.
The balance sheet reflects the Bayswater acquisition and other financings: total assets increased to $858.5 million from $156.6 million at year-end, and property and equipment, net rose to $738.3 million. The Bayswater Acquisition closed March 26, 2025 with an as-adjusted cash payment of approximately $482.5 million and 3,656,099 shares issued; preliminary allocation records oil and gas properties of $526.2 million. Liquidity actions included issuance of 148,250 shares of Series F preferred stock (aggregate $148.3 million) and amendments to a Credit Facility with a $1.0 billion commitment and a reported $88.0 million availability as of June 30, 2025.
Prairie Operating Co. furnished a Current Report on Form 8-K stating that on August 12, 2025 the company issued a press release announcing its financial results for the quarter ended June 30, 2025. The company attached the full press release as Exhibit 99.1 and provided a Cover Page Interactive Data File as Exhibit 104. The filing explicitly notes that the information, including Exhibit 99.1, is being furnished under Item 2.02 and shall not be deemed "filed" for purposes of the Exchange Act or incorporated by reference except as expressly stated.
The report identifies Prairie Operating Co. (trading as PROP on The Nasdaq Stock Market) and is signed by Gregory S. Patton, Executive Vice President & Chief Financial Officer, dated August 12, 2025.
Prairie Operating Co. (PROP) filed a Form S-8 on 27 June 2025 to register an additional 7,500,000 shares of common stock for issuance under its 2024 Amended & Restated Long-Term Incentive Plan. Combined with the 7.5 million shares registered in April 2024, the plan now covers up to 15 million shares. The company is classified as a non-accelerated filer and smaller reporting company. Aside from customary exhibits and legal opinions, the filing incorporates previously filed annual, quarterly and current reports by reference and contains no new financial results. If and when granted, the newly registered shares will serve as equity-based compensation and could dilute existing shareholders.
Prairie Operating (NASDAQ:PROP) filed a Form 8-K disclosing that on June 20, 2025 it executed a $75 million Equity Distribution Agreement with Citigroup Global Markets and Truist Securities. The agreement sets up an at-the-market (ATM) program under the company’s effective April 2025 shelf registration, allowing the managers to place common shares "from time to time" on Nasdaq or through negotiated transactions.
The managers will receive a commission of up to 3 % of gross proceeds plus expense reimbursement. PROP is not obligated to issue any shares and may terminate the program at any point; the facility expires once the entire $75 million is sold or upon earlier termination by either party.
Intended use of proceeds includes general corporate purposes such as funding the development-and-drilling program, repaying debt, financing acquisitions, and—if required by the holder—redeeming Series F Convertible Preferred Stock. The 8-K attaches the complete Equity Distribution Agreement (Exhibit 1.1) and the related legal opinion (Exhibit 5.1). Forward-looking statements caution that commodity prices, permitting, capital needs, and integration of recent acquisitions could affect actual results.