PEDEVCO EVP converts preferred into common stock
PEDEVCO CORP Executive VP Clark Moore reported an automatic conversion of preferred stock into common shares.
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Rhea-AI Filing Summary
PEDEVCO CORP Executive VP Clark Moore reported an automatic conversion of preferred stock into common shares. On February 27, 2026, 4,546 shares of Series A Convertible Preferred Stock converted into 45,460 shares of common stock at a 10-for-1 ratio, with a recorded price of $0.00 per share.
The preferred stock became convertible only after an information statement was distributed and majority stockholder approval occurred on October 31, 2025, making February 27, 2026 the Automatic Conversion Date. After the conversion, Moore directly owned 1,464,509 common shares and indirectly reported 2,867 common shares held by a minor child.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Series A Convertible Preferred Stock | 4,546 | $0.00 | $0.00 |
| Exercise | Common Stock | 45,460 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Footnotes (3)
- F1. On the Automatic Conversion Date (defined below), the Convertible Series A Preferred Stock converted into common stock of the Issuer automatically pursuant to its terms based on a conversion ratio of 10-for-1.
- F2. Represents 2,867 shares of the Issuer's common stock owned by Reporting Person's minor child.
- F3. The Convertible Series A Preferred Stock was 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, which Automatic Conversion Date was February 27, 2026.
FAQ
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What did PEDEVCO (PED) Executive VP Clark Moore report in this Form 4?
Was the PEDEVCO preferred-to-common stock conversion a cash purchase by Clark Moore?
What is the conversion ratio for PEDEVCO’s Series A Convertible Preferred Stock?
When did PEDEVCO’s Series A preferred stock become eligible to convert into common stock?
AI-generated analysis. How Rhea-AI works. Not financial advice.