<SEC-DOCUMENT>0001493152-23-037143.txt : 20231013
<SEC-HEADER>0001493152-23-037143.hdr.sgml : 20231013
<ACCEPTANCE-DATETIME>20231013135934
ACCESSION NUMBER:		0001493152-23-037143
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20231011
FILED AS OF DATE:		20231013
DATE AS OF CHANGE:		20231013

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			KESSLER PAUL L.
		CENTRAL INDEX KEY:			0001113835

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-33383
		FILM NUMBER:		231324731

	MAIL ADDRESS:	
		STREET 1:		555 MARIN STREET, SUITE 140
		CITY:			THOUSAND OAKS
		STATE:			CA
		ZIP:			91360

	FORMER NAME:	
		FORMER CONFORMED NAME:	KESSLER PAUL
		DATE OF NAME CHANGE:	20000509

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Prairie Operating Co.
		CENTRAL INDEX KEY:			0001162896
		STANDARD INDUSTRIAL CLASSIFICATION:	FINANCE SERVICES [6199]
		IRS NUMBER:				980357690
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		602 SAWYER STREET
		STREET 2:		SUITE 710
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77007
		BUSINESS PHONE:		(713) 424-4247

	MAIL ADDRESS:	
		STREET 1:		602 SAWYER STREET
		STREET 2:		SUITE 710
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77007

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Creek Road Miners, Inc.
		DATE OF NAME CHANGE:	20210715

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	WIZARD BRANDS, INC.
		DATE OF NAME CHANGE:	20200814

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	WIZARD ENTERTAINMENT, INC.
		DATE OF NAME CHANGE:	20181009
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>ownership.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0508</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2023-10-11</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0001162896</issuerCik>
        <issuerName>Prairie Operating Co.</issuerName>
        <issuerTradingSymbol>CRKR</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001113835</rptOwnerCik>
            <rptOwnerName>KESSLER PAUL L.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>555 MARIN STREET, SUITE 140</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>THOUSAND OAKS</rptOwnerCity>
            <rptOwnerState>CA</rptOwnerState>
            <rptOwnerZipCode>91360</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle></officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <aff10b5One>0</aff10b5One>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2023-10-11</value>
            </transactionDate>
            <deemedExecutionDate></deemedExecutionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>C</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionTimeliness></transactionTimeliness>
            <transactionAmounts>
                <transactionShares>
                    <value>5714286</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0.175</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>36786207</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                    <footnoteId id="F1"/>
                    <footnoteId id="F3"/>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>By affiliate</value>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>Convertible Debenture</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>0.175</value>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2023-10-11</value>
            </transactionDate>
            <deemedExecutionDate></deemedExecutionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>C</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionTimeliness></transactionTimeliness>
            <transactionAmounts>
                <transactionTotalValue>
                    <value>1000000</value>
                </transactionTotalValue>
                <transactionPricePerShare>
                    <value>0</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <value>2023-05-03</value>
            </exerciseDate>
            <expirationDate>
                <value>2023-12-31</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>5714286</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>0</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>By affiliates</value>
                </natureOfOwnership>
            </ownershipNature>
        </derivativeTransaction>
        <derivativeHolding>
            <securityTitle>
                <value>Series D Preferred Stock</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <footnoteId id="F2"/>
            </conversionOrExercisePrice>
            <exerciseDate>
                <footnoteId id="F2"/>
            </exerciseDate>
            <expirationDate>
                <footnoteId id="F2"/>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Series Preferred Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>22773486</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>22773486</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>By affiliates</value>
                </natureOfOwnership>
            </ownershipNature>
        </derivativeHolding>
        <derivativeHolding>
            <securityTitle>
                <value>Warrant</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <footnoteId id="F2"/>
            </conversionOrExercisePrice>
            <exerciseDate>
                <footnoteId id="F2"/>
            </exerciseDate>
            <expirationDate>
                <footnoteId id="F2"/>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Warrant</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>2426966</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>2426966</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>By affiliates</value>
                </natureOfOwnership>
            </ownershipNature>
        </derivativeHolding>
        <derivativeHolding>
            <securityTitle>
                <value>Warrant</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <footnoteId id="F3"/>
            </conversionOrExercisePrice>
            <exerciseDate>
                <footnoteId id="F3"/>
            </exerciseDate>
            <expirationDate>
                <footnoteId id="F3"/>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Warrant</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>14285714</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>14285714</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>By affiliates</value>
                </natureOfOwnership>
            </ownershipNature>
        </derivativeHolding>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">On 10/11/23, Bristol Investment Fund, Ltd. (&quot;BIF&quot;) converted the principal amount of $1,000,000 of an amended and restated convertible debenture issued by the Issuer on 5/3/23 at $0.175 per share into 5,714,286 shares of common stock of the Issuer.</footnote>
        <footnote id="F2">BIF holds 3,985.36 shares of Series D Preferred Stock (with stated value of $1,000 per share), convertible at $0.175 per share, a Series D &quot;A&quot; warrant for 1,231,483 shares (expires May 2028) and a Series D &quot;B&quot; warrant for 1,213,483 shares (expires May 2024).</footnote>
        <footnote id="F3">Mr. Kessler has voting and dispositive control over the following securities: (i) 25,810,197 shares of common stock held by Bristol Investment Fund, Ltd., a Cayman Islands exempted company (&quot;BIF&quot;) (managed by Bristol Capital Advisors, LLC, a Delaware LLC), (ii) 10,976,011 shares of common stock held by Bristol Capital, LLC, a Delaware LLC (&quot;BC&quot;), (iii) 3,985.36 shares of Series D Preferred Stock held by BIF, (iv) a Series D &quot;A&quot; warrant for 1,231,483 shares of common stock and a Series D &quot;B&quot; warrant for 1,213,483 shares of common stock held by BIF, and (v) a warrant to purchase a total of 14,285,714 shares of common stock of the Issuer, half of which expire in May 2024 with the other half expiring in May 2028, held by BIF.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Paul L. Kessler</signatureName>
        <signatureDate>2023-10-13</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
