PED Form 3: COO reports preferred converting 10‑for‑1 into common
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
PEDEVCO (PED) filed a Form 3 for its new COO, reporting initial ownership. The filing lists 0 shares of common stock beneficially owned directly. It also reports Series A Convertible Preferred Stock that will automatically convert into common stock on the “Automatic Conversion Date,” which occurs after a twenty‑day period following distribution of an information statement approved on October 31, 2025. The preferred converts at a 10‑for‑1 ratio, with an amount underlying 9,546 shares of common stock, held directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
DUKES REAGAN TUCK
Role
COO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Series A Convertible Preferred Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Series A Convertible Preferred Stock — 9,546 shares (Direct);
Common Stock — 0 shares (Direct)
Footnotes (1)
- The Convertible Series A Preferred Stock is not convertible until the expiration of the twenty calendar day period (the "Automatic Conversion Date") commencing on the distribution to the Issuer's shareholders in accordance with Rule 14c-2 of Regulation 14C promulgated under the Securities and Exchange Act of 1934, as amended, of an information statement disclosing, among other things, the approval of such conversion and related matters by the majority stockholders of the Issuer which occurred on October 31, 2025. The Convertible Series A Preferred Stock have no expiration date, but automatically convert into common stock of the Issuer in a ratio of 10-for-1 on the Automatic Conversion Date.
FAQ
What did PED disclose in this Form 3?
A new COO filed an initial statement of beneficial ownership showing 0 common shares and Series A Convertible Preferred Stock held directly.
What is the conversion ratio for PED’s Series A Convertible Preferred Stock?
The preferred stock automatically converts into common stock at a 10‑for‑1 ratio on the Automatic Conversion Date.
What is the ownership form reported for the PED holdings?
Both the common stock position (0) and the derivative holdings are reported as Direct (D) ownership.
Does the Series A Convertible Preferred Stock have an expiration date?
No. The filing states the preferred shares have no expiration date and convert automatically on the Automatic Conversion Date.