PED insider filing shows 0 common, 9,546-share conversion right
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
PEDEVCO (PED) reported an insider ownership update as CFO and Treasurer Robert J. Long filed a Form 3. He reports 0 shares of common stock directly owned. He holds Series A Convertible Preferred Stock that will automatically convert into 9,546 shares of common stock at a 10-for-1 ratio on the “Automatic Conversion Date.” The conversion begins after a twenty-day period following distribution of an information statement to shareholders; majority stockholder approval occurred on October 31, 2025.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Long Robert Joseph
Role
CFO and Treasurer
| 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 PEDEVCO (PED) disclose in this Form 3?
The CFO and Treasurer, Robert J. Long, filed an initial beneficial ownership statement showing 0 common shares directly and preferred shares convertible into 9,546 common shares.
When does the PEDEVCO (PED) preferred stock convert?
It converts on the “Automatic Conversion Date,” after a twenty-day period following the distribution of an information statement to shareholders.
Was the conversion approved for PEDEVCO (PED)?
Yes. Majority stockholder approval occurred on October 31, 2025.
Does the PEDEVCO (PED) preferred stock have an expiration date?
No. The Series A Convertible Preferred Stock has no expiration date and automatically converts on the Automatic Conversion Date.