JOHN J. SCELFO - 25 Aug 2022 Form 4 Insider Report for PEDEVCO CORP (PED)

Role
Director
Signature
/s/ Clark R. Moore, attorney-in-fact for John J. Scelfo
Issuer symbol
PED
Transactions as of
25 Aug 2022
Transactions value $
$0
Form type
4
Filing time
26 Aug 2022, 16:32:19 UTC
Previous filing
13 Jul 2022
Next filing
14 Jul 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PED Common Stock Award $0 +100K +60.79% $0.00 265K 25 Aug 2022 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The shares of Restricted Common Stock were issued to the Reporting Person pursuant to Issuer's 2021 Equity Incentive Plan and are subject to forfeiture. The shares fully vest on July l2, 2023, subject to the Reporting Person being a member of the Issuer's Board of Directors on such vesting date, 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(d).
F2 Issued to the Reporting Person in consideration for services rendered and agreed to be rendered as a member of the Board of Directors of the Issuer.

Remarks:

See Power of Attorney filed as Exhibit 24.1 to the Form 4 filed by the Reporting Person on July 12, 2019.