Form 4: PEDEVCO Executive Sells Shares for Tax Liability

PEDEVCO Corp's Executive VP, Clark Moore, sold 58,333 shares of common stock to cover tax obligations related to restricted stock vesting.

Summary

• Clark Moore, Executive VP of PEDEVCO CORP (PED), reported a sale of 58,333 shares of common stock on November 24, 2025.
• The shares were sold at a weighted average price of $0.4558 per share, with individual trades ranging from $0.4458 to $0.51.
• This transaction was executed pursuant to a Rule 10b5-1 trading plan, adopted to satisfy tax liabilities arising from the vesting of restricted stock.
• The restricted stock vested on November 23, 2025, and was granted under the Company's 2021 Equity Incentive Plan.
• Following the transaction, Clark Moore directly beneficially owns 1,522,001 shares of common stock.
• Additionally, 2,867 shares are indirectly beneficially owned by a minor child of the reporting person.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transaction is a pre-planned sale to cover tax liabilities from restricted stock vesting, which is a routine event for executive compensation and not indicative of management's confidence or lack thereof in the company's future performance.

Positives

• The vesting of restricted stock on November 23, 2025, indicates a component of executive compensation being realized, which is a routine part of incentive plans.

Negatives

• The sale of shares by an executive, even for tax purposes, reduces their direct ownership stake in the company.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This insider transaction is a routine event related to executive compensation and personal tax planning, and does not inherently reflect broader industry trends or competitive positioning.

Stakeholder Impact

• Shareholders: The sale represents a minor dilution of the executive's direct stake, but is a routine, pre-planned event for tax purposes and is unlikely to significantly impact shareholder perception.
• Employees: The vesting of restricted stock is part of the company's incentive plan, which can be a positive for employee morale and retention.

Key Dates

Keywords

PEDEVCO, PED, Form 4, Insider Transaction, Stock Sale, Executive Compensation, Restricted Stock, 10b5-1 Plan, Tax Liability