Form 4: PEDEVCO CCO Sells Shares for Tax Liability
Insider Transaction Report
PEDEVCO Corp.'s Chief Commercial Officer, Jody D. Crook, sold 34,314 shares of common stock at a weighted average price of $0.4561 to cover tax obligations from restricted stock vesting.
Summary
- Jody D. Crook, Chief Commercial Officer of PEDEVCO CORP, reported a sale of common stock.
- A total of 34,314 shares were sold on November 24, 2025.
- The shares were sold at a weighted average price of $0.4561 per share, with prices ranging from $0.4457 to $0.5115.
- The sale was executed under a Rule 10b5-1 trading plan.
- The purpose of the sale was to satisfy tax liability related to the vesting of restricted stock on November 23, 2025.
- Following the transaction, Jody D. Crook beneficially owns 629,804 shares of PEDEVCO CORP common stock directly.
Sentiment
Score: 5
Explanation: Neutral. This is a routine insider transaction for tax purposes under a pre-arranged plan, not indicative of positive or negative sentiment towards the company's future prospects.
Future Outlook
NA
Industry Context
NA
Related Party Transactions
- Sale of 34,314 shares of common stock by Chief Commercial Officer Jody D. Crook, a related party, to satisfy tax obligations from restricted stock vesting.
Stakeholder Impact
- Shareholders: Minor dilution from the sale of shares, but the transaction is routine and pre-planned, so minimal impact on market perception.
- Employees: No direct impact mentioned.
Key Dates
| Date | Description |
|---|---|
| 2025-01-02 | Date of Form 3 filing by Reporting Person, referencing Power of Attorney. |
| 2025-11-23 | Vesting date of certain restricted stock granted under the Company's 2021 Equity Incentive Plan. |
| 2025-11-24 | Transaction date for the sale of common stock. |
| 2025-11-25 | Signature date of the reporting person's attorney-in-fact. |
Recommendation
holdThe sale by the Chief Commercial Officer is a pre-planned transaction to cover tax liabilities from restricted stock vesting and does not reflect a change in the company's fundamentals or the officer's long-term view of the company. Therefore, it does not warrant a change in investment recommendation based solely on this filing.
Keywords
PEDEVCO CORP, PED, Jody D. Crook, Chief Commercial Officer, Form 4, Insider Trading, Stock Sale, 10b5-1 Plan, Restricted Stock, Tax Liability, Equity Incentive Plan
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