Form 4: PEDEVCO CEO Schick Reports Routine Stock Transactions
Insider Transaction Report
PEDEVCO Corp.'s President and CEO, John Douglas Schick, reported the disposition of shares to cover tax withholding obligations related to restricted stock vesting.
Summary
- John Douglas Schick, President and CEO of PEDEVCO Corp., reported two transactions involving the disposition of common stock.
- On January 23, 2026, 34,592 shares were surrendered to satisfy tax withholding obligations related to the vesting of 116,667 restricted stock shares granted on January 23, 2023. The per-share value for this transaction was $0.58.
- Following this transaction, Schick's direct beneficial ownership was 3,475,875 shares.
- On January 26, 2026, an additional 76,132 shares were surrendered for tax withholding purposes, connected to the vesting of 175,000 restricted stock shares granted on January 26, 2024. The per-share value for this transaction was $0.593.
- After both reported transactions, Schick's direct beneficial ownership stands at 3,399,743 shares.
- No shares were issued or sold in these transactions beyond what was required for tax withholding.
Sentiment
Score: 5
Explanation: The filing reports routine, non-discretionary transactions related to tax withholding upon restricted stock vesting. This is a neutral event that does not reflect a change in management's outlook or company fundamentals.
Positives
- The underlying event for the share dispositions was the vesting of restricted stock, indicating the successful fulfillment of long-term incentive compensation for the CEO.
- The vesting of restricted stock aligns management's interests with long-term shareholder value.
Negatives
- The transactions resulted in a reduction of John Douglas Schick's direct beneficial ownership by a total of 110,724 shares (34,592 + 76,132) due to tax withholding.
Future Outlook
NA
Industry Context
NA
Stakeholder Impact
- Shareholders: The transactions represent a minor, non-discretionary reduction in the CEO's direct ownership, which is a common occurrence with equity compensation vesting. It does not signal a change in company prospects.
- Employees: The vesting of restricted stock for the CEO reinforces the company's executive compensation structure, which can influence employee incentive programs.
Key Dates
| Date | Description |
|---|---|
| 01/15/2020 | Power of Attorney filed as Exhibit 24.1 to the Form 4 by Reporting Person. |
| 01/23/2023 | Grant date of 116,667 shares of restricted stock to the reporting person. |
| 01/26/2024 | Grant date of 175,000 shares of restricted stock to the reporting person. |
| 01/23/2026 | Transaction date for the disposition of 34,592 shares for tax withholding. |
| 01/26/2026 | Transaction date for the disposition of 76,132 shares for tax withholding. |
| 01/27/2026 | Signature date of the Form 4 filing. |
Recommendation
holdThis Form 4 filing details routine, non-discretionary share dispositions by the CEO to cover tax obligations arising from restricted stock vesting. These transactions do not provide new fundamental information about PEDEVCO Corp.'s operational performance, strategic direction, or future prospects. Therefore, based solely on this filing, a seasoned investor would likely maintain their current position (hold) as there is no new information to warrant a change in investment thesis.
Keywords
PEDEVCO, PED, Form 4, Insider Transaction, Restricted Stock, Tax Withholding, CEO, Stock Vesting, Beneficial Ownership
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.