Kovalik Edward

SEC source: 0001140361-25-046211 · form4.xml · nonDerivative · entry 1

Kovalik Edward · CIK 0001606277 · Director · Chief Executive Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 2,010,076

F1 · shares: Represents shares that were withheld upon vesting of restricted stock to satisfy tax withholding obligations.

SEC source: 0001140361-25-032541 · form4.xml · nonDerivative · entry 1

Kovalik Edward · CIK 0001606277 · Director · Chief Executive Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 2,037,035

F1 · price: The price reported in this Column 4 is a weighted average price. These shares were purchased in multiple transaction prices ranging from $2.17 to $2.18, inclusive. The reporting person undertakes to provide to Prairie Operating Co. (the "Company"), any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each price within the ranges set forth in footnote (1) to this Form 4.

SEC source: 0001140361-25-031553 · form4.xml · derivative · entry 2

Kovalik Edward · CIK 0001606277 · Director · Chief Executive Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,031,970

Underlying: Common Stock · 1,031,970 shares

Expires not disclosed

F2 · derivative.exercise_price: Represents an award of performance units representing a contingent right to receive one share of Common Stock per performance unit. Between 50% and 200% of the target number of performance units granted, which were granted under the LTIP, are eligible to vest during a three-year performance period beginning on January 1, 2025 and ending on December 31, 2027 based on continued employment and the Issuer's relative total shareholder return in comparison to the total shareholder return performance among the Performance Peer Group (as defined in the award agreement).

F2 · derivative.exercise_date: Represents an award of performance units representing a contingent right to receive one share of Common Stock per performance unit. Between 50% and 200% of the target number of performance units granted, which were granted under the LTIP, are eligible to vest during a three-year performance period beginning on January 1, 2025 and ending on December 31, 2027 based on continued employment and the Issuer's relative total shareholder return in comparison to the total shareholder return performance among the Performance Peer Group (as defined in the award agreement).

F2 · derivative.expiration_date: Represents an award of performance units representing a contingent right to receive one share of Common Stock per performance unit. Between 50% and 200% of the target number of performance units granted, which were granted under the LTIP, are eligible to vest during a three-year performance period beginning on January 1, 2025 and ending on December 31, 2027 based on continued employment and the Issuer's relative total shareholder return in comparison to the total shareholder return performance among the Performance Peer Group (as defined in the award agreement).

SEC source: 0001140361-25-031553 · form4.xml · nonDerivative · entry 1

Kovalik Edward · CIK 0001606277 · Director · Chief Executive Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 2,027,035

F1 · shares: 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 ("Common Stock"), of Prairie Operating Co. (the "Issuer"). The 687,980 RSUs reported on this Form 4 will vest ratably in three annual installments beginning on March 26, 2026.

SEC source: 0001641172-25-012517 · ownership.xml · nonDerivative · entry 2

Kovalik Edward · CIK 0001606277 · Director · Chief Executive Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,339,055

SEC source: 0001641172-25-012517 · ownership.xml · nonDerivative · entry 1

Kovalik Edward · CIK 0001606277 · Director · Chief Executive Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,332,355

SEC source: 0001641172-25-001254 · ownership.xml · derivative · entry 1

Kovalik Edward · CIK 0001606277 · Director · Chief Executive Officer

10b5-1 filing: No plan indicated

Ownership: Indirect · See Footnote

Disclosed balance after: 2,333,333

Underlying: Common Stock · 2,333,333 shares

Expires 2027-08-31

F1 · date: The non-compensatory option grant was made pursuant to a Non-Compensatory Option Agreement entered into on August 30, 2022, pursuant to which the options become exercisable upon the achievement of certain production milestones. The achievement of all of the production milestones with respect to these options occurred on March 26, 2025, resulting in these options becoming fully exercisable on such date.

F2 · ownership.nature: The options are held by Blue Trail Partners, LLC, of which the Reporting Person is the manager

SEC source: 0001493152-25-009561 · ownership.xml · nonDerivative · entry 1

Kovalik Edward · CIK 0001606277 · Director · Chief Executive Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,325,215

F1 · shares: Represents shares that were withheld upon vesting of restricted stock to satisfy tax withholding obligations.

SEC source: 0001493152-24-050844 · ownership.xml · nonDerivative · entry 1

Kovalik Edward · CIK 0001606277 · Director · Chief Executive Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,336,013

F1 · security: Represents restricted stock units ("RSUs") granted under the 2024 Amended & Restated Prairie Operating Co. Long-Term Incentive Plan (the "LTIP"). Each RSU represents a contingent right to receive, upon vesting, one share of common stock, par value $0.01 per share, of the Issuer ("Common Stock"). The 61,560 RSUs reported on this Form 4 will vest 100% on December 18, 2025.

SEC source: 0001493152-24-023991 · ownership.xml · derivative · entry 2

Kovalik Edward · CIK 0001606277 · Director · Chief Executive Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 83,746

Underlying: Common Stock · 83,746 shares

Expires not disclosed

F3 · derivative.exercise_price: Represents an award of performance units representing a contingent right to receive one share of Common Stock per performance unit. Between 0% and 200% of the target number of performance units granted, which were granted under the LTIP, are eligible to vest during a three-year performance period beginning on January 1, 2024 and ending on December 31, 2026 based on continued employment and the Issuer's relative total shareholder return in comparison to the total shareholder return performance among the Performance Peer Group (as defined in the award agreement).

F3 · derivative.exercise_date: Represents an award of performance units representing a contingent right to receive one share of Common Stock per performance unit. Between 0% and 200% of the target number of performance units granted, which were granted under the LTIP, are eligible to vest during a three-year performance period beginning on January 1, 2024 and ending on December 31, 2026 based on continued employment and the Issuer's relative total shareholder return in comparison to the total shareholder return performance among the Performance Peer Group (as defined in the award agreement).

F3 · derivative.expiration_date: Represents an award of performance units representing a contingent right to receive one share of Common Stock per performance unit. Between 0% and 200% of the target number of performance units granted, which were granted under the LTIP, are eligible to vest during a three-year performance period beginning on January 1, 2024 and ending on December 31, 2026 based on continued employment and the Issuer's relative total shareholder return in comparison to the total shareholder return performance among the Performance Peer Group (as defined in the award agreement).

SEC source: 0001493152-24-023991 · ownership.xml · nonDerivative · entry 1

Kovalik Edward · CIK 0001606277 · Director · Chief Executive Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,274,453

F1 · security: Represents restricted stock units ("RSUs") granted under the 2024 Amended & Restated Prairie Operating Co. Long-Term Incentive Plan (the "LTIP"). Each RSU represents a contingent right to receive, upon vesting, one share of common stock, par value $0.01 per share, of the Issuer ("Common Stock"). The 125,619 RSUs reported on this Form 4 will vest ratably in three annual installments beginning on March 5, 2025.

F2 · balance_after: On October 16, 2023, the Issuer affected a reverse stock split at an exchange ratio of 1:28.5714286.

SEC source: 0001493152-23-015626 · ownership.xml · nonDerivative · entry 1

Kovalik Edward · CIK 0001606277 · Director · Chief Executive Officer · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 32,823,838

F1 · price: Received as consideration pursuant to the terms of the Amended and Restated Agreement and Plan of Merger (the "Merger Agreement") by and among Prairie Operating Co., LLC ("Prairie"), Creek Road Miners, Inc. and Creek Road Merger Sub, LLC ("Merger Sub"). Pursuant to the terms of the Merger Agreement, on May 3, 2023, Merger Sub merged with and into Prairie (the "Merger"), with Prairie surviving the Merger as a wholly-owned subsidiary of the Issuer. Subsequent to the Merger, the name of the Issuer was changed from Creek Road Miners, Inc. to Prairie Operating Co.

SEC source: 0001213900-21-065901 · ownership.xml · derivative · entry 1

Kovalik Edward · CIK 0001606277 · Director · President and COO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 400,000

Underlying: Common Stock · 400,000 shares

Expires not disclosed

F1 · security: Granted pursuant to the Issuer's 2020 Employee Incentive Plan. Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock.

F4 · derivative.exercise_price: Not applicable.

F2 · shares: In connection with the Reporting Person's Form 4 filing on February 20, 2021, a grant of 400,000 shares of restricted stock pursuant to the Reporting Person's employment agreement with the Issuer was prematurely disclosed; this disclosed grant was never formalized. This grant of 400,000 restricted stock units was made by the Issuer in satisfaction of the Reporting Person's entitlement to an equity award grant pursuant to his employment agreement with the Issuer.

F3 · price: 77,778 of the restricted stock unit vested on September 29, 2021. Subject to the Reporting Person remaining in continuous service with the Issuer through each applicable vesting date, 11,111 of the restricted stock units will vest monthly for a period of 28 months beginning October 20, 2021, with the remaining 11,114 restricted stock units vesting on February 20, 2024. In the event of a change in control of the Issuer, all then-unvested restricted stock units will vest as of the date of such change in control; if the Reporting Person terminates service with the Issuer as a result of his death, disability or a termination by the Issuer without cause, 100% of the unvested restricted stock units will vest as of the date of such termination. Share of unrestricted Common Stock of the Issuer will be issued with respect to vested restricted stock units on the earliest to occur of (1) February 20, 2026; (2) the Reporting Person's separation from service; (3) a change in control; or (4) the Reporting Person's death.

F3 · derivative.exercise_date: 77,778 of the restricted stock unit vested on September 29, 2021. Subject to the Reporting Person remaining in continuous service with the Issuer through each applicable vesting date, 11,111 of the restricted stock units will vest monthly for a period of 28 months beginning October 20, 2021, with the remaining 11,114 restricted stock units vesting on February 20, 2024. In the event of a change in control of the Issuer, all then-unvested restricted stock units will vest as of the date of such change in control; if the Reporting Person terminates service with the Issuer as a result of his death, disability or a termination by the Issuer without cause, 100% of the unvested restricted stock units will vest as of the date of such termination. Share of unrestricted Common Stock of the Issuer will be issued with respect to vested restricted stock units on the earliest to occur of (1) February 20, 2026; (2) the Reporting Person's separation from service; (3) a change in control; or (4) the Reporting Person's death.

F4 · derivative.expiration_date: Not applicable.

SEC source: 0001213900-21-011733 · ownership.xml · nonDerivative · entry 1

Kovalik Edward · CIK 0001606277 · Director · President and COO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 400,000

F1 · security: Granted pursuant to the Issuer's 2020 Employee Incentive Plan.

F2 · security: Consists of 400,000 shares of restricted stock, vesting in equal monthly installments over a period of 36 months. The Issuer and the Reporting Person have agreed to defer delivery of all vested shares until the 60th month following February 20, 2021, subject to the Reporting Person's continued employment with the Issuer.

F1 · price: Granted pursuant to the Issuer's 2020 Employee Incentive Plan.

SEC source: 0000899243-19-009301 · doc4.xml · nonDerivative · entry 1

Kovalik Edward · CIK 0001606277 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 85,531

F1 · shares: Restricted stock grant that will vest in a single installment on March 27, 2020.

SEC source: 0000899243-18-012903 · doc4.xml · nonDerivative · entry 1

Kovalik Edward · CIK 0001606277 · Director · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 36,671

F1 · shares: Restricted stock grant that will vest in a single installment on May 11, 2019.

SEC source: 0001615774-17-006539 · s108090_form4.xml · derivative · entry 4

Kovalik Edward · CIK 0001606277 · Director · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnote

Disclosed balance after: 984

Underlying: Class A Common Stock · 1,293 shares

Expires not disclosed

F6 · derivative.exercise_price: Each share of Series A Preferred Stock is convertible into 86.9565 shares of Class A Common Stock and has no expiration.

F1 · kind: In accordance with the Second Amended and Restated Limited Liability Company Agreement of KLR Energy Sponsor, LLC ("Sponsor"), Sponsor made a pro-rata, in-kind distribution of 1,845,892 shares of Class A common stock, 7,113,150 warrants and 2,277 shares of the 8% Series A Cumulative Perpetual Preferred Stock (the "Series A Preferred Stock") to its members.

F2 · kind: KLR Group Investments, LLC ("KLR Investments") is a member of Sponsor and received 414,601 shares of Class A Common Stock, 2,118,547 warrants and 984 shares of the Series A Preferred Stock in the distribution.

F5 · derivative.exercise_date: The Series A Preferred Stock is convertible into Class A Common Stock at any time.

F6 · derivative.expiration_date: Each share of Series A Preferred Stock is convertible into 86.9565 shares of Class A Common Stock and has no expiration.

F2 · balance_after: KLR Group Investments, LLC ("KLR Investments") is a member of Sponsor and received 414,601 shares of Class A Common Stock, 2,118,547 warrants and 984 shares of the Series A Preferred Stock in the distribution.

F3 · ownership.nature: KLR Investments is the managing member of Sponsor. Mr. Kovalik is the managing member of KLR Group Holdings, LLC, which owns 100% of KLR Investments.

SEC source: 0001615774-17-006539 · s108090_form4.xml · derivative · entry 3

Kovalik Edward · CIK 0001606277 · Director · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnote

Disclosed balance after: 2,118,547

Underlying: Class A Common Stock · 4,994,603 shares

Expires not disclosed

F1 · kind: In accordance with the Second Amended and Restated Limited Liability Company Agreement of KLR Energy Sponsor, LLC ("Sponsor"), Sponsor made a pro-rata, in-kind distribution of 1,845,892 shares of Class A common stock, 7,113,150 warrants and 2,277 shares of the 8% Series A Cumulative Perpetual Preferred Stock (the "Series A Preferred Stock") to its members.

F2 · kind: KLR Group Investments, LLC ("KLR Investments") is a member of Sponsor and received 414,601 shares of Class A Common Stock, 2,118,547 warrants and 984 shares of the Series A Preferred Stock in the distribution.

F4 · derivative.exercise_date: The warrants became exercisable for Class A Common Stock on May 27, 2017 and will expire on April 27, 2022.

F4 · derivative.expiration_date: The warrants became exercisable for Class A Common Stock on May 27, 2017 and will expire on April 27, 2022.

F2 · balance_after: KLR Group Investments, LLC ("KLR Investments") is a member of Sponsor and received 414,601 shares of Class A Common Stock, 2,118,547 warrants and 984 shares of the Series A Preferred Stock in the distribution.

F3 · ownership.nature: KLR Investments is the managing member of Sponsor. Mr. Kovalik is the managing member of KLR Group Holdings, LLC, which owns 100% of KLR Investments.

SEC source: 0001615774-17-006539 · s108090_form4.xml · nonDerivative · entry 1

Kovalik Edward · CIK 0001606277 · Director · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnote

Disclosed balance after: 1,340,621

F1 · kind: In accordance with the Second Amended and Restated Limited Liability Company Agreement of KLR Energy Sponsor, LLC ("Sponsor"), Sponsor made a pro-rata, in-kind distribution of 1,845,892 shares of Class A common stock, 7,113,150 warrants and 2,277 shares of the 8% Series A Cumulative Perpetual Preferred Stock (the "Series A Preferred Stock") to its members.

F2 · kind: KLR Group Investments, LLC ("KLR Investments") is a member of Sponsor and received 414,601 shares of Class A Common Stock, 2,118,547 warrants and 984 shares of the Series A Preferred Stock in the distribution.

F2 · balance_after: KLR Group Investments, LLC ("KLR Investments") is a member of Sponsor and received 414,601 shares of Class A Common Stock, 2,118,547 warrants and 984 shares of the Series A Preferred Stock in the distribution.

F3 · ownership.nature: KLR Investments is the managing member of Sponsor. Mr. Kovalik is the managing member of KLR Group Holdings, LLC, which owns 100% of KLR Investments.

SEC source: 0000899243-17-018738 · doc4.xml · nonDerivative · entry 1

Kovalik Edward · CIK 0001606277 · Director · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 17,611

F1 · shares: Restricted stock grant that will vest in a single installment on July 19, 2018

SEC source: 0000899243-17-011336 · doc4.xml · derivative · entry 2

Kovalik Edward · CIK 0001606277 · Director · 10% owner

KLR Energy Sponsor, LLC · CIK 0001659124 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnote

Disclosed balance after: 0

Underlying: Class A Common Stock · 2,771,912 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: The Class F Common Stock owned by the Reporting Person automatically converted into an aggregate of 2,771,912 shares of Class A Common Stock and had no expiration date.

F1 · price: The Class F Common Stock owned by the Reporting Person automatically converted into an aggregate of 2,771,912 shares of Class A Common Stock and had no expiration date.

F1 · derivative.exercise_date: The Class F Common Stock owned by the Reporting Person automatically converted into an aggregate of 2,771,912 shares of Class A Common Stock and had no expiration date.

F1 · derivative.expiration_date: The Class F Common Stock owned by the Reporting Person automatically converted into an aggregate of 2,771,912 shares of Class A Common Stock and had no expiration date.

F2 · ownership.nature: The securities are held of record by KLR Energy Sponsor, LLC. KLR Group Investments, LLC is the managing member of KLR Energy Sponsor, LLC. Mr. Kovalik is the managing member of KLR Group Holdings, LLC, which owns 100% of KLR Group Investments, LLC.

SEC source: 0000899243-17-011336 · doc4.xml · nonDerivative · entry 1

Kovalik Edward · CIK 0001606277 · Director · 10% owner

KLR Energy Sponsor, LLC · CIK 0001659124 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnote

Disclosed balance after: 2,771,912

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · price: The Class F Common Stock owned by the Reporting Person automatically converted into an aggregate of 2,771,912 shares of Class A Common Stock and had no expiration date.

F2 · ownership.nature: The securities are held of record by KLR Energy Sponsor, LLC. KLR Group Investments, LLC is the managing member of KLR Energy Sponsor, LLC. Mr. Kovalik is the managing member of KLR Group Holdings, LLC, which owns 100% of KLR Group Investments, LLC.

SEC source: 0000899243-17-011336 · doc4.xml · derivative · entry 4

Kovalik Edward · CIK 0001606277 · Director · 10% owner

KLR Energy Sponsor, LLC · CIK 0001659124 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnote

Disclosed balance after: 0

Underlying: Class A Common Stock · 191,304.3 shares

Expires not disclosed

F5 · derivative.exercise_price: The 8.0% Series A Cumulative Perpetual Preferred Stock owned by the Reporting Person is convertible at any time for an aggregate of 191,304.30 shares of Class A Common Stock and had no expiration.

F5 · derivative.exercise_date: The 8.0% Series A Cumulative Perpetual Preferred Stock owned by the Reporting Person is convertible at any time for an aggregate of 191,304.30 shares of Class A Common Stock and had no expiration.

F5 · derivative.expiration_date: The 8.0% Series A Cumulative Perpetual Preferred Stock owned by the Reporting Person is convertible at any time for an aggregate of 191,304.30 shares of Class A Common Stock and had no expiration.

F2 · ownership.nature: The securities are held of record by KLR Energy Sponsor, LLC. KLR Group Investments, LLC is the managing member of KLR Energy Sponsor, LLC. Mr. Kovalik is the managing member of KLR Group Holdings, LLC, which owns 100% of KLR Group Investments, LLC.

SEC source: 0000899243-17-011336 · doc4.xml · derivative · entry 3

Kovalik Edward · CIK 0001606277 · Director · 10% owner

KLR Energy Sponsor, LLC · CIK 0001659124 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnote

Disclosed balance after: 7,113,150

Underlying: Class A Common Stock · 750,000 shares

Expires not disclosed

F3 · price: KLR Energy Sponsor, LLC transferred 750,000 KLR Energy Acquisition Corp. Warrants to Rosemore, Inc. in connection with the Business Combination and pursuant to the Side Letter dated as of December 20, 2016.

F4 · derivative.exercise_date: The warrants will become exercisable on the later of 30 days after the completion of the Business Combination, which occurred April 27, 2017, and 12 months from the closing of KLR Energy Acquisition Corp.'s IPO, which occurred March 11, 2016. The warrants will expire five years after the completion of the Business Combination or earlier upon redemption or liquidation.

F4 · derivative.expiration_date: The warrants will become exercisable on the later of 30 days after the completion of the Business Combination, which occurred April 27, 2017, and 12 months from the closing of KLR Energy Acquisition Corp.'s IPO, which occurred March 11, 2016. The warrants will expire five years after the completion of the Business Combination or earlier upon redemption or liquidation.

F2 · ownership.nature: The securities are held of record by KLR Energy Sponsor, LLC. KLR Group Investments, LLC is the managing member of KLR Energy Sponsor, LLC. Mr. Kovalik is the managing member of KLR Group Holdings, LLC, which owns 100% of KLR Group Investments, LLC.

SEC source: 0001104659-16-150569 · a4.xml · derivative · entry 1

Kovalik Edward · CIK 0001606277 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 20,000

Underlying: Common Stock · 20,000 shares

Expires 2021-10-13

F1 · derivative.exercise_date: The options shall vest pro rata on a monthly basis over a twelve-month period commencing October 14, 2016.