Form 4: PEDEVCO CCO Converts Preferred Stock to Common

PEDEVCO Corp's Chief Commercial Officer, Jody D. Crook, converted Series A Convertible Preferred Stock into 45,460 shares of common stock.

Summary

• Jody D. Crook, Chief Commercial Officer of PEDEVCO CORP (PED), reported a change in beneficial ownership.
• On February 27, 2026, 4,546 units of Series A Convertible Preferred Stock were automatically converted into 45,460 shares of common stock.
• The conversion occurred at a 10-for-1 ratio.
• Following this transaction, Crook beneficially owns 668,345 shares of PEDEVCO common stock.
• The automatic conversion was triggered by the expiration of a 20-day period following an information statement distributed on October 31, 2025, which disclosed stockholder approval.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a moderately positive event, as it represents an officer increasing their direct common stock holdings through a pre-scheduled conversion, which can signal confidence and simplifies the capital structure.

Positives

• An officer increasing their direct common stock holdings, even through conversion, can be seen as a positive signal of confidence in the company's future.
• The conversion of preferred stock into common stock simplifies the capital structure.

Future Outlook

N/A

Industry Context

StockSavvy.ai notes that insider conversions of preferred stock to common stock are routine events, often pre-scheduled, and typically reflect a simplification of the capital structure rather than a direct market action. This specific conversion is tied to a pre-defined 'Automatic Conversion Date' following shareholder approval.

Stakeholder Impact

• Shareholders: The conversion increases the number of common shares outstanding, potentially leading to minor dilution, but also simplifies the capital structure.
• Management: Jody D. Crook's direct ownership of common stock increases, aligning interests further with common shareholders.

Key Dates

Recommendation

This Form 4 reports a pre-scheduled, automatic conversion of preferred stock into common stock by a company officer. While it increases the officer's direct common stock holdings, it is an expected event and does not provide new fundamental information to significantly alter the investment thesis. Therefore, a 'hold' recommendation is appropriate as it confirms a planned capital structure adjustment without indicating new bullish or bearish catalysts.

Keywords

PEDEVCO CORP, PED, Jody D. Crook, Chief Commercial Officer, CCO, Form 4, Insider Transaction, Stock Conversion, Preferred Stock, Common Stock, Beneficial Ownership