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EdgarHawk

Gray Jonathan H.

Director

Director
4 filings analyzed · 1 company · Latest 2025-09-08

Companies

Company Buys Sells Direction
Prairie Operating Co. PROP 4 0 Net buying

Activity

September 2025
2025-09-08 Prairie Operating Co. PROP
medium
Buy
89,000 shares
$187,790
Significance 5/10

Director Gray buys 89,000 shares of PROP at $2.11; stock down 82.5% from 52-week high; 3 other insiders also bought in past 14 days.

Jonathan H. Gray, a Director, purchased 89,000 shares at $2.11 on September 5, 2025, increasing his holdings by 15.2% to 675,817 shares. The purchase occurs after PROP has declined significantly: the stock is now -82.5% from its 52-week high of $11.87 and down -36.2% over the past 30 days. Notably, three other insiders bought within the past 14 days, establishing a clustering pattern of insider acquisition. Fundamentally, the company reported $68.1M in quarterly revenue, $35.7M in net income, and 413.6% annual revenue growth, though it was unprofitable over its most recent full fiscal year. Gray's own track record at this ticker shows mixed outcomes: his 2023 buy returned +329.7% over 90 days, but his 2025-05-21 buy returned -42.4% over 90 days, and two recent August buys remain unmeasured. This filing represents an open-market director purchase during a period of stock price weakness and coordinated insider buying activity.

August 2025
2025-08-25 Prairie Operating Co. PROP
high
Buy
120,563 shares
$260,416
Significance 6/10

Director Jonathan H. Gray buys 120,563 shares of PROP at $2.16, now 586.8K shares held; stock down 78.9% from 52-week high, cluster buy by 3 other insiders in past 14 days

Jonathan H. Gray, a director, acquired 120,563 shares at $2.16 on 2025-08-21, increasing his holdings by 25.9% to 586.8K shares. This purchase occurs as Prairie Operating Co.'s stock trades at $2.50, a steep -78.9% decline from its 52-week high of $11.87, and the stock has fallen -34.8% in the past 30 days and -35.6% in the past 90 days. While the company posted revenue of $68.1M and net income of $35.7M in the latest quarter—reflecting annual revenue growth of +413.6%—it was unprofitable on a full-year basis, presenting a tension between strong quarterly results and deteriorating full-year performance. Of particular note, Gray's prior trades at this ticker show mixed results: his 2023-09-07 buy returned +329.7% at the 90-day mark, but his 2025-05-21 buy returned -42.4%, suggesting variable timing outcomes at this specific security. A cluster pattern emerges with 3 other insiders buying within the same 14-day window, indicating coordinated or opportunistic insider accumulation during a period of severe price weakness.

2025-08-21 Prairie Operating Co. PROP
high
Buy
218,917 shares
$457,537
Significance 6/10

Director Gray Jonathan H. bought 218,917 shares of PROP at $2.09 on 2025-08-20; stock down -81.3% from 52-week high, cluster buy underway

Director Gray Jonathan H. purchased 218,917 shares for $457,536.53, raising his holdings by 88.5% to 466,254 shares. The purchase occurred while the stock trades at $2.22, -81.3% below its 52-week high of $11.87 and down -47.1% over the past 30 days. Fundamentally, the company shows recent strength—Revenue of $68,100,000.00 and net income of $35,683,000.00 in the latest quarter, with annual revenue growth of +413.6%—though it was unprofitable over its most recent full fiscal year. At this scale of accumulation coinciding with a cluster buy pattern (2 other insiders also bought within 14 days) and a P/E of 11.68, the filing merits attention to whether insiders see recovery value after the sharp decline, though prior same-ticker timing at PROP shows mixed results (1 of 2 measurable prior buys well-timed at the 90-day mark).

May 2025
2025-05-22 Prairie Operating Co. PROP
high
Buy
131,500 shares
$493,112
Significance 7/10

Director Jonathan H. Gray bought 131,500 PROP shares at $3.75 on 2025-05-21 ($493.1K); holdings surged 1916.1%; cluster buy pattern with 2 other insiders in 14 days.

Jonathan H. Gray, Director of Prairie Operating Co., executed a substantial open-market purchase of 131,500 shares at $3.75, increasing his total holdings from 6,863 shares to 138,363 shares. The transaction represents a material accumulation (+1916.1% vs pre-transaction holdings) and occurs during a period of significant stock depreciation: the current price of $3.48 is 74.1% below the 52-week high of $13.43, with a 90-day decline of 57.9%. Notably, two other insiders also bought within the past 14 days, establishing a cluster buy pattern. However, the company fundamentals remain challenged—it posted net income of $-2.6M in the most recent quarter and was unprofitable over its full fiscal year, despite revenue growth of 413.6% year-over-year. The timing and scale of this purchase warrant attention given the depressed price levels and coordinated insider activity, but the deteriorating profitability backdrop creates offsetting uncertainty about management's confidence in near-term recovery.

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