Sec Form 4 Filing - MAATTA JOHN D @ Prairie Operating Co. - 2023-05-03

FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person MAATTA JOHN D 2. Issuer Name and Ticker or Trading Symbol Prairie Operating Co. [ CRKR] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X __ Director _____ 10% Owner X __ Officer (give title below) _____ Other (specify below) CEO and Interim CFO (Last) (First) (Middle) 15266 VALLEY VISTA BLVD. 3. Date of Earliest Transaction (MM/DD/YY) 05/03/2023 (Street) SHERMAN OAKS, CA91403 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock 05/03/2023 C 8,318,949 A $ 0.175 8,338,949 D Common Stock 05/03/2023 A 72,857 A $ 0.175 8,411,806 D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date (MM/DD/YY) 7. Title and Amount of Underlying Securities (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares Series A Preferred Stock $ 0.175 05/03/2023 C 124,236 ( 1 ) 01/23/2019 ( 2 ) Common Stock 8,318,949 $ 10 0 D Series D Convertible Preferred Stock $ 0.175 05/03/2023 P 50 05/03/2023 ( 2 ) Common Stock 285,714 $ 1,000 50 D A Common Stock Purchase Warrant $ 0.21 05/03/2023 P 285,714 05/03/2023 08/03/2024 Common Stock 285,714 $ 0 285,715 D B Common Stock Purchase Warrant $ 0.21 05/03/2023 P 285,714 05/03/2023 08/03/2028 Common Stock 285,714 $ 0 285,714 D Stock Option (Right to Buy) $ 0.25 01/23/2019 A 20,000 01/23/2019 01/22/2024 Common Stock 20,000 $ 0 20,000 D Stock Option (Right to Buy) $ 0.25 08/03/2020 A 100,000 08/03/2020 08/02/2025 Common Stock 10,000 $ 0 120,000 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other MAATTA JOHN D 15266 VALLEY VISTA BLVD. SHERMAN OAKS, CA91403 X CEO and Interim CFO Signatures /s/ John D. Maatta 05/05/2023 Signature of Reporting Person Date

Explanation of Responses:

( 1 )Includes $312,136 of accrued but unpaid dividends converted into shares of Common Stock at $0.175 per share. ( 2 )The preferred stock has no expiration date.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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