Form 4: Juniper Capital II GP Reports PEDEVCO Stock Changes

Juniper Capital II GP, a 10% owner and director of PEDEVCO CORP, reported significant changes in its beneficial ownership of common stock following the automatic conversion of Series A Preferred Stock and new equity grants.

Summary

• On February 27, 2026, Series A Convertible Preferred Stock automatically converted into 37,658,222 shares of Common Stock at a 10-for-1 ratio.
• The newly converted Common Stock was issued to affiliates of North Peak Oil & Gas Holdings, LLC and Century Oil and Gas Holdings, LLC, specifically Juniper Capital II PED Holdings, LLC and NPR Partners PED Holdings, LLC.
• 3,235,117 shares of Common Stock, previously beneficially owned by the Reporting Person on behalf of certain third parties, were issued directly to those third parties on the Automatic Conversion Date.
• Edward Geiser, a director, received a grant of 49,679 shares of Common Stock for services, with a portion subsequently transferred to Fund II Holdings and NPR Partners Holdings.
• The Reporting Person was issued 49,679 restricted Common Stock shares under the Issuer's 2021 Equity Incentive Plan, subject to forfeiture and a vesting schedule of 25% every three months over one year, contingent on continued board service.
• Following these transactions, the Reporting Person's indirect beneficial ownership of Common Stock stands at 34,522,180 shares.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a largely procedural filing reflecting the conversion of preferred stock and standard equity compensation, which are neutral events. The alignment of director interests through equity grants is a minor positive.

Positives

• The conversion of Series A Convertible Preferred Stock into Common Stock simplifies the capital structure of PEDEVCO CORP.
• Equity grants to a director and affiliates align their interests with the company's performance and provide incentives for continued service.

Negatives

• The distribution of 3,235,117 shares of Common Stock to third parties reduced the Reporting Person's previously held beneficial ownership.
• The newly issued restricted Common Stock is subject to forfeiture if the Reporting Person's service on the Board is not maintained through the vesting dates.

Risks

• The restricted Common Stock issued to the Reporting Person is subject to forfeiture if continued service on the Board is not maintained on the specified vesting dates.

Future Outlook

The vesting schedule for the restricted Common Stock indicates future equity grants will become fully owned over the next year, contingent on continued service.

Industry Context

StockSavvy.ai notes that such filings provide transparency into insider activity, which can signal management's confidence or strategic shifts in their holdings. For PEDEVCO CORP, the conversion of preferred stock and new equity grants reflect ongoing capital structure management and director compensation practices.

Management Changes

Corporate Governance

Related Party Transactions

• Shares of Common Stock were issued to affiliates of North Peak Oil & Gas Holdings, LLC and Century Oil and Gas Holdings, LLC, including Juniper Capital II PED Holdings, LLC and NPR Partners PED Holdings, LLC, entities in which the Reporting Person holds general partner interests.
• A portion of the Common Stock granted to Edward Geiser was transferred to Fund II Holdings and NPR Partners Holdings, as Mr. Geiser is a designated director of an affiliate of the Reporting Person.

Stakeholder Impact

• Shareholders: The conversion of preferred stock to common stock impacts the capital structure, and equity grants to directors align their interests with shareholder value.
• Management/Directors: Edward Geiser and affiliates receive equity, providing an incentive for continued performance and service to the company.

Next Steps

• Continued service of the Reporting Person on the Board for the vesting of restricted stock.
• Future vesting of restricted Common Stock on the 3, 6, 9, and 12-month anniversaries of February 27, 2026.

Key Dates

Recommendation

This Form 4 primarily details the automatic conversion of preferred stock and routine equity grants to a director/affiliate. While it provides transparency into insider holdings, it does not present new information that would fundamentally alter the investment thesis for PEDEVCO CORP, warranting a 'hold' recommendation.

Keywords

PEDEVCO CORP, PED, Form 4, Beneficial Ownership, Equity Conversion, Preferred Stock, Common Stock, Restricted Stock, Insider Trading, Juniper Capital