Form 4: PEDEVCO Insider Converts Preferred Stock to Common

Simon G. Kukes, a Director and 10% owner of PEDEVCO CORP, converted Series A Convertible Preferred Stock into 28,018,140 shares of common stock.

Summary

• Simon G. Kukes, a Director and 10% owner of PEDEVCO CORP, completed an automatic conversion of Series A Convertible Preferred Stock into common stock.
• On February 27, 2026, 2,801,814 shares of Series A Convertible Preferred Stock were converted into 28,018,140 shares of common stock based on a 10-for-1 conversion ratio.
• Following the transaction, Mr. Kukes beneficially owns 79,809,465 shares of common stock indirectly through The SGK 2018 Revocable Trust.
• Additionally, Mr. Kukes beneficially owns 3,000 shares indirectly by his spouse and 8,121,950 shares directly.
• The conversion was automatic and occurred on the 'Automatic Conversion Date' of February 27, 2026, following the approval by majority stockholders on October 31, 2025.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, representing a pre-scheduled conversion of preferred stock into common stock by a significant insider, which is a routine disclosure and does not indicate a change in company fundamentals.

Positives

• The automatic conversion increases the common stock holdings of a significant insider, Simon G. Kukes, potentially signaling continued alignment with shareholder interests.

Future Outlook

The filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.

Industry Context

StockSavvy.ai notes that this Form 4 filing details a routine insider transaction involving the automatic conversion of preferred stock into common stock. Such conversions are typically pre-scheduled events and do not inherently reflect new strategic shifts or broader industry trends, but rather a change in the form of beneficial ownership for a key insider.

Related Party Transactions

• Simon G. Kukes' beneficial ownership includes shares held indirectly through The SGK 2018 Revocable Trust and by his spouse.

Stakeholder Impact

• Shareholders may view the increased common stock ownership by a significant insider, Simon G. Kukes, as a positive signal of continued alignment and confidence in the company, even though it was an automatic conversion.

Key Dates

Recommendation

This Form 4 reports a pre-scheduled, automatic conversion of preferred stock into common stock by a significant insider. It does not introduce new fundamental information about the company's operations, financial health, or strategic direction that would warrant a change in investment recommendation. It is a routine disclosure of a change in the form of beneficial ownership.

Keywords

PEDEVCO CORP, PED, Form 4, insider transaction, beneficial ownership, stock conversion, Series A Preferred Stock, Simon G. Kukes