Form 4: PEDEVCO Executive Reports Routine Stock Vesting, Tax Withholding

PEDEVCO Corp's Executive VP, Clark Moore, reported the surrender of shares to cover tax obligations related to restricted stock vesting.

Summary

• Executive VP Clark Moore reported two transactions involving the surrender of common stock to satisfy tax withholding obligations.
• On January 23, 2026, 41,181 shares were surrendered at a per-share value of $0.58, related to the vesting of 100,000 restricted shares granted on January 23, 2023.
• On January 26, 2026, 61,771 shares were surrendered at a per-share value of $0.593, related to the vesting of 150,000 restricted shares granted on January 26, 2024.
• These transactions were solely for tax purposes; no shares were issued or sold in connection with these surrenders.
• Following these transactions, Clark Moore's direct beneficial ownership stands at 1,419,049 shares, with an additional 2,867 shares indirectly owned by a minor child.
• The transactions were made pursuant to a Rule 10b5-1(c) plan.

Sentiment

Score: 5

Explanation: The filing reports routine insider transactions related to executive compensation and tax withholding, which are neutral events for the company's operational performance.

Positives

• The transactions are routine tax-related events following restricted stock vesting, indicating the company's compensation structure is functioning as expected.
• The transactions were executed under a Rule 10b5-1(c) plan, suggesting they were pre-planned and not discretionary selling by the insider.

Negatives

• No direct negatives for the company's operational performance are indicated by this filing.

Risks

• No specific risks to the company's operations or financial health are disclosed in this Form 4 filing.

Future Outlook

This filing does not contain forward-looking statements or guidance regarding the company's future operations or financial performance.

Industry Context

This Form 4 filing is a routine disclosure of an insider transaction related to executive compensation. It does not provide information directly related to broader industry trends or competitive landscape, but rather reflects standard compensation practices within publicly traded companies.

Comparison to Industry Standards

• The reported transactions are standard procedures for managing restricted stock vesting and associated tax obligations, common across publicly traded companies that use equity compensation.
• The per-share values reflect market prices on the vesting dates, which is typical for such transactions.
• No specific comparable companies or projects are mentioned in this filing.

Stakeholder Impact

• Shareholders: The filing indicates routine executive compensation practices, which is a standard aspect of corporate governance and executive incentives. It does not suggest any direct operational impact on shareholders.
• Employees: No direct impact on general employees is indicated.
• Customers, Suppliers, Creditors: No direct impact on these stakeholders is indicated by this filing.

Next Steps

• No specific future actions or milestones for the company are mentioned in this Form 4 filing.

Key Dates

Recommendation

This Form 4 filing details routine insider transactions related to executive compensation and tax withholding. It does not provide new information regarding the company's operational performance, financial health, or strategic direction that would warrant a change in investment recommendation. The transactions are expected and do not signal any significant positive or negative developments for the stock.

Keywords

PEDEVCO CORP, PED, Form 4, Insider Transaction, Restricted Stock, Tax Withholding, Beneficial Ownership, Executive Compensation, Clark Moore, Rule 10b5-1