Simon Kukes - Jan 23, 2025 Form 4 Insider Report for PEDEVCO CORP (PED)

Role
Executive Chairman, Director, 10%+ Owner
Signature
/s/ Clark R. Moore, attorney-in-fact for Simon Kukes
Stock symbol
PED
Transactions as of
Jan 23, 2025
Transactions value $
$0
Form type
4
Date filed
1/27/2025, 07:02 PM
Previous filing
Jan 29, 2024
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 +350K +4.62% $0.00 7.92M Jan 23, 2025 Direct F1, F2
holding PED Common Stock 51.8M Jan 23, 2025 Through The SGK 2018 Revocable Trust
holding PED Common Stock 3K Jan 23, 2025 By Spouse
* 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 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 ten (10) month anniversary of January 23, 2025 (the "Grant Date"); (ii) 1/3 on the twenty-two (22) month anniversary of the Grant Date; and (iii) 1/3 on the thirty-four (34) month 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.
F2 Issued to the Reporting Person in consideration for services rendered and agreed to be rendered to the Issuer as the Executive Chairman of the Issuer.

Remarks:

See the Power of Attorney filed as Exhibit 24.1 to the Form 4 filed by the Reporting Persons on June 19, 2019 and the Power of Attorney filed as Exhibit 24.3 to the Form 4 filed by the Reporting Persons on October 5, 2022.