Form 4: PEDEVCO CAO Sells Shares Under 10b5-1 Plan

PEDEVCO Corp.'s Chief Accounting Officer, Paul Anthony Pinkston, sold 19,000 shares of common stock for tax liability under a pre-arranged 10b5-1 plan.

Summary

• Paul Anthony Pinkston, Chief Accounting Officer (CAO) of PEDEVCO Corp. (PED), reported a sale of common stock.
• The transaction involved the disposition of 19,000 shares of common stock.
• The shares were sold on November 24, 2025, at a weighted average sales price of $0.4559 per share.
• This sale was executed pursuant to a Rule 10b5-1 trading plan, which was previously adopted by Mr. Pinkston.
• The purpose of the sale was to satisfy tax liability incurred from the vesting of certain restricted stock shares on November 23, 2025.
• Following this transaction, Mr. Pinkston beneficially owns 797,700 shares of PEDEVCO Corp. common stock directly.

Sentiment

Score: 5

Explanation: The filing reports a routine insider transaction, specifically a sale of shares to cover tax liabilities from restricted stock vesting, executed under a pre-arranged 10b5-1 plan. This type of transaction is generally considered neutral as it does not typically reflect a change in management's outlook on the company's future performance.

Stakeholder Impact

• Shareholders: The sale represents a minor dilution of insider ownership but is a routine event for tax purposes and is unlikely to significantly impact shareholder sentiment or the company's operational outlook.

Key Dates

Recommendation

The reported transaction is a routine insider sale by the Chief Accounting Officer, Paul Anthony Pinkston, executed under a pre-arranged 10b5-1 plan to cover tax obligations related to restricted stock vesting. This type of transaction is not indicative of a change in the company's fundamentals or management's confidence in its future prospects. Therefore, it provides no new information that would warrant a change in an investor's current position, suggesting a 'hold' recommendation.

Keywords

PEDEVCO, PED, Insider Transaction, Form 4, Stock Sale, 10b5-1 Plan, Paul Pinkston, CAO, Restricted Stock