Form 4: PEDEVCO CAO Pinkston Reports Routine Stock Vesting Tax Withholding

PEDEVCO Corp.'s Chief Accounting Officer, Paul Pinkston, reported the surrender of shares to cover tax obligations related to restricted stock vesting.

Summary

• Paul Anthony Pinkston, Chief Accounting Officer (CAO) of PEDEVCO CORP, filed a Form 4 detailing changes in his beneficial ownership.
• On January 23, 2026, Mr. Pinkston surrendered 19,767 shares of common stock to satisfy tax withholding obligations related to the vesting of 66,667 restricted stock shares granted on January 23, 2023.
• The per-share value assigned for this transaction was $0.58, reflecting the price on the vesting date as reported on the NYSE American.
• Following this transaction, Mr. Pinkston directly beneficially owned 777,933 shares of common stock.
• On January 26, 2026, Mr. Pinkston surrendered an additional 24,709 shares of common stock for tax withholding purposes, connected to the vesting of 83,333 restricted stock shares granted on January 26, 2024.
• The per-share value for the second transaction was $0.593, based on the NYSE American price on the vesting date.
• After the second transaction, Mr. Pinkston's direct beneficial ownership of common stock was 753,224 shares.
• No shares were issued or sold in the open market in connection with these tax withholding transactions.

Sentiment

Score: 5

Explanation: The filing is neutral in sentiment as it reports routine, expected insider transactions related to executive compensation and tax compliance, with no material positive or negative implications for the company's operational or financial performance.

Positives

• The vesting of restricted stock indicates the fulfillment of compensation agreements for the Chief Accounting Officer.
• The transactions are routine compliance actions for tax withholding, not open market sales driven by a desire to liquidate holdings.

Negatives

• The surrender of shares for tax withholding reduces the executive's direct beneficial ownership, though this is a standard practice for restricted stock vesting.

Risks

• No specific risks are identified in this routine compliance filing.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Management Comments

• The filing includes a signature by Clark R. Moore, attorney-in-fact for Paul Pinkston, indicating the official submission of the document.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions related to executive compensation and tax compliance. It does not provide information that directly relates to broader industry trends or competitive positioning.

Comparison to Industry Standards

• The practice of surrendering shares to cover tax withholding obligations upon the vesting of restricted stock is a common and standard method of managing executive compensation in publicly traded companies across various industries.
• This type of transaction is a standard compliance mechanism and does not indicate any deviation from typical corporate governance or compensation practices within the energy sector or broader market.

Stakeholder Impact

• Shareholders: The reduction in the executive's direct beneficial ownership due to tax withholding is a minor, routine event and does not typically impact shareholder value significantly.
• Employees: No direct impact on general employees is indicated by this filing.
• Management: The vesting of restricted stock represents a component of the Chief Accounting Officer's compensation package.

Next Steps

• No specific future actions, events, or milestones are mentioned in this compliance filing.

Key Dates

Keywords

PEDEVCO, PED, Form 4, insider transaction, stock vesting, tax withholding, executive compensation, Paul Pinkston, restricted stock