Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
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- Peter Lynch
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 |
SCHEDULE 13G
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UNDER THE SECURITIES EXCHANGE ACT OF 1934
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(Amendment No. 1)*
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Prairie Operating Co. (Name of Issuer) |
Common Stock, par value $0.01 per share (Title of Class of Securities) |
739650109 (CUSIP Number) |
06/30/2025 (Date of Event Which Requires Filing of this Statement) |
| Check the appropriate box to designate the rule pursuant to which this Schedule is filed: |
 Rule 13d-1(b)
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 Rule 13d-1(c)
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| Rule 13d-1(d)
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SCHEDULE 13G
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| CUSIP No. | 739650109 |
| 1 | Names of Reporting Persons
Bayswater Exploration & Production, LLC | ||||||||
| 2 | Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
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| 3 | Sec Use Only | ||||||||
| 4 | Citizenship or Place of Organization
COLORADO
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| Number of Shares Beneficially Owned by Each Reporting Person With: |
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| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
2,958,965.00 | ||||||||
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
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| 11 | Percent of class represented by amount in row (9)
6.9 % | ||||||||
| 12 | Type of Reporting Person (See Instructions)
OO |
Comment for Type of Reporting Person: Percentage of class calculated based on 42,942,127 outstanding shares of common stock ("Common Stock") of Prairie Operating Co., a Delaware corporation (the "Issuer"), as of April 11, 2024, as reported in the Issuer's prospectus supplement filed with the Securities and Exchange Commission on June 20, 2025.
SCHEDULE 13G
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| CUSIP No. | 739650109 |
| 1 | Names of Reporting Persons
Bayswater Management Company LP | ||||||||
| 2 | Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
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| 3 | Sec Use Only | ||||||||
| 4 | Citizenship or Place of Organization
DELAWARE
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| Number of Shares Beneficially Owned by Each Reporting Person With: |
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| 9 |
Aggregate Amount Beneficially Owned by Each Reporting Person
2,958,965.00 | ||||||||
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
| ||||||||
| 11 | Percent of class represented by amount in row (9)
6.9 % | ||||||||
| 12 | Type of Reporting Person (See Instructions)
OO |
Comment for Type of Reporting Person: Percentage of class calculated based on 42,942,127 outstanding shares of Common Stock as of April 11, 2024, as reported in the Issuer's prospectus supplement filed with the Securities and Exchange Commission on June 20, 2025.
SCHEDULE 13G
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| Item 1. | ||
| (a) | Name of issuer:
Prairie Operating Co. | |
| (b) | Address of issuer's principal executive offices:
55 Waugh Drive, Suite 400, Houston, TX, 77007 | |
| Item 2. | ||
| (a) | Name of person filing:
(i) Bayswater Exploration & Production, LLC (ii) Bayswater Management Company LP | |
| (b) | Address or principal business office or, if none, residence:
(i) 730 17th Street, Suite 500, Denver, Colorado 80202 (ii) 730 17th Street, Suite 500, Denver, Colorado 80202 | |
| (c) | Citizenship:
(i) Colorado limited liability company (ii) Delaware limited partnership | |
| (d) | Title of class of securities:
Common Stock, par value $0.01 per share | |
| (e) | CUSIP No.:
739650109 | |
| Item 3. | If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: | |
| (a) | Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
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| (b) | Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
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| (c) | Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
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| (d) | Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
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| (e) | An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
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| (f) | An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
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| (g) | A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
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| (h) | A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
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| (i) | A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
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| (j) | A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution: | |
| (k) | Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
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| Item 4. | Ownership | |
| (a) | Amount beneficially owned:
This Amendment No. 1 to Schedule 13G (this "Schedule 13G/A") amends and supplements the Schedule 13G filed by Bayswater Exploration & Production, LLC ("Bayswater E&P") and Bayswater Management Company LP ("Bayswater Management") with the Securities and Exchange Commission on April 2, 2025 (the "Schedule 13G"). The purpose of this Schedule 13G/A is to update the beneficial ownership information on the cover pages and in Item 4 in the Schedule 13G. As of June 30, 2025, Bayswater E&P held 2,958,965 shares (the "Shares") of Common Stock. As the sole record holder of the Shares, Bayswater E&P may be deemed to beneficially own the Shares. Pursuant to that certain Purchase and Sale Agreement, dated as of February 6, 2025, by and among the Issuer, Otter Holdings, LLC, Prairie SWD Co., LLC, Prairie Gathering I, LLC, Bayswater Resources LLC, Bayswater Fund III-A, LLC, Bayswater Fund III-B, LLC, Bayswater Fund IV-A, LP, Bayswater Fund IV-B, LP, Bayswater Fund IV-Annex, LP and Bayswater E&P (the "PSA"), Bayswater E&P was designated by the Sellers as the Sellers' Representative (in each case, as defined in the PSA) to whom shares of Common Stock were issued on March 26, 2025. The filing of this Schedule 13G/A shall not constitute an admission that Bayswater E&P is a beneficial owner of the Shares. Because Bayswater Management is the manager or general partner of, or that controls, each entity that sold assets to the Issuer pursuant to the PSA, Bayswater Management may be deemed to indirectly beneficially own the Shares that are held by Bayswater E&P. The filing of this Schedule 13G/A shall not constitute an admission that Bayswater Management is a beneficial owner of the Shares. | |
| (b) | Percent of class:
(i) Bayswater E&P: 6.9% (ii) Bayswater Management: 6.9% Percentage of class calculated based on 42,942,127 outstanding shares of Common Stock as of April 11, 2024, as reported in the Issuer's prospectus supplement filed with the Securities and Exchange Commission on June 20, 2025. %
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| (c) | Number of shares as to which the person has:
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| (i) Sole power to vote or to direct the vote:
(A) Bayswater E&P: 2,958,965 (B) Bayswater Management: 2,958,965 | ||
| (ii) Shared power to vote or to direct the vote:
(A) Bayswater E&P: 0 (B) Bayswater Management: 0 | ||
| (iii) Sole power to dispose or to direct the disposition of:
(A) Bayswater E&P: 2,958,965 (B) Bayswater Management: 2,958,965 | ||
| (iv) Shared power to dispose or to direct the disposition of:
(A) Bayswater E&P: 0 (B) Bayswater Management: 0 | ||
| Item 5. | Ownership of 5 Percent or Less of a Class. | |
| Item 6. | Ownership of more than 5 Percent on Behalf of Another Person. | |
Not Applicable
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| Item 7. | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person. | |
Not Applicable
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| Item 8. | Identification and Classification of Members of the Group. | |
Not Applicable
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| Item 9. | Notice of Dissolution of Group. | |
Not Applicable
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| Item 10. | Certifications: |
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11. |
| SIGNATURE | |
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
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Exhibit Information
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Exhibit 1: Joint Filing Agreement, dated as of April 2, 2025, by and between Bayswater Exploration & Production, LLC and Bayswater Management Company LP (incorporated by reference to Exhibit 1 to the Schedule 13G filed by Bayswater Exploration & Production, LLC and Bayswater Management Company LP with the Securities and Exchange Commission on April 2, 2025) |