[Form 3] PEDEVCO Corp. Initial Statement of Beneficial Ownership

Rhea-AI Filing Summary

PEDEVCO Corp. (PED) has filed a Form 3 for newly appointed director John K. Howie. The disclosure shows direct beneficial ownership of 170,000 common shares:

• 20,000 shares accumulated through open-market purchases from 2023-2025
• 150,000 restricted shares granted on 07-07-2025 under the 2021 Equity Incentive Plan

The restricted stock is subject to forfeiture and will vest 100% on 07-07-2026 provided Howie continues in an eligible role. No derivative securities are reported. The filing notes it was submitted late due to delays in obtaining the reporting person’s EDGAR access codes.

Positive

• New director now holds 170,000 PED shares, including 150,000 restricted shares that align incentives with shareholders.

Negative

• The Form 3 was filed late due to delays in obtaining EDGAR codes, indicating a minor compliance lapse.

Insights

Securities Analyst

TL;DR: Director discloses 170k PED shares; mainly 150k unvested RS; marginal governance signal, limited financial impact.

This Form 3 establishes John K. Howie’s initial insider stake—roughly 170 k shares, of which 88% are unvested restricted stock. While the award aligns the director’s incentives with shareholders, the absolute size is modest relative to PED’s 83 m shares outstanding and therefore unlikely to influence liquidity or valuation. Absence of derivative positions suggests straightforward equity exposure. The late filing indicates minor compliance friction but no substantive governance red flag. Overall, the event is routine and non-material.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Howie John K

(Last) (First) (Middle)

575 N. DAIRY ASHFORD ENERGY CENTER II

SUITE 210

(Street)

HOUSTON TX 77079

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
07/07/2025

3. Issuer Name and Ticker or Trading Symbol
PEDEVCO CORP [ PED ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	20,000(1)	D
Common Stock	150,000(2)	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Common Stock of Issuer purchased by Reporting Person in open market transactions between 2023 and 2025.

2. Common Stock of Issuer granted to Reporting Person on July 7, 2025 under the Issuer's 2021 Equity Incentive Plan and subject thereto. Grant of restricted stock subject to forfeiture. 100% vest on July 7, 2026, for so long as Reporting Person remains a director, an employee of, or consultant to the Issuer on such date.

Remarks:

See Power of Attorney filed as Exhibit 24.1. This Form 3 is being filed late due to delays in obtaining the reporting person's EDGAR codes.

	/s/ Clark R. Moore, attorney-in-fact for John K. Howie	07/22/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

How many PEDEVCO (PED) shares does John K. Howie own?

He reports 170,000 common shares—20,000 purchased on the open market and 150,000 restricted shares granted in 2025.

When do the 150,000 restricted PEDEVCO shares vest?

The restricted stock vests 100% on July 7, 2026, contingent on Howie remaining with the company.

Were any derivative securities disclosed in this Form 3 filing?

No, no derivative securities such as options or warrants were reported.

Why was the Form 3 filed late?

The company cites delays in obtaining the reporting person’s EDGAR codes as the reason for late submission.

Does this insider holding materially affect PEDEVCO’s share count?

No. The 170,000 shares represent a small fraction of PEDEVCO’s total shares outstanding and have minimal dilution impact.