Filing Details

Accession Number:
0001654954-24-000991
Form Type:
4
Zero Holdings:
No
Publication Time:
2024-01-29 16:31:30
Reporting Period:
2024-01-25
Accepted Time:
2024-01-29 16:31:30
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1141197 Pedevco Corp PED Crude Petroleum & Natural Gas (1311) 223755993
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1683306 Anthony Paul Pinkston 575 N. Dairy Ashford
Energy Center Ii, Suite 210
Houston TX 77079
Cao And Pfo And Ao No No No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Disposition 2024-01-25 35,000 $0.64 499,700 No 4 S Direct
Common Stock Acquisiton 2024-01-26 250,000 $0.00 749,700 No 4 A Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Direct
No 4 A Direct
Footnotes
  1. Shares were sold pursuant to a 10b5-1 trading plan previously adopted by the Reporting Person to satisfy the Reporting Person's tax liability in connection with the January 25, 2024 vesting of certain shares of restricted stock which were granted under the Company's 2021 Equity Incentive Plan, which grants were exempt from Section 16(b) pursuant to Rule 16b-3.
  2. This transaction was executed in multiple trades at prices ranging from $0.611 to $0.6611, inclusive. The price reported above reflects the weighted average sales price. The Reporting Person hereby undertakes to provide upon request to the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares and prices at which the transaction was effected.
  3. The shares of Restricted Common Stock were issued to the Reporting Person pursuant to the Issuer's 2021 Equity Incentive Plan and are subject to forfeiture. The shares vest at the rate of (i) 1/3 of the shares on the one (1) year anniversary of January 26, 2024 (the "Grant Date"); (ii) 1/3 on the two (2) year anniversary of the Grant Date; and (iii) 1/3 on the three (3) year anniversary of the Grant Date, subject to the Reporting Person's continued service to the Company on such vesting dates, and subject to the terms and conditions of a Restricted Shares Grant Agreement entered into by and between the Issuer and the Reporting Person. Exempt under Rule 16b-3.
  4. Issued to the Reporting Person in consideration for services rendered and agreed to be rendered to the Issuer as the Chief Accounting Officer of the Issuer.