[Form 4] PEDEVCO CORP Insider Trading Activity

Rhea-AI Filing Summary

PEDEVCO Corp. (PED) director equity grant reported: A reporting person serving as a director of PEDEVCO Corp. disclosed receiving 196,359 shares of restricted common stock on 11/13/2025 under the company’s 2021 Equity Incentive Plan. These shares were issued at a stated price of $0, reflecting compensation rather than a cash purchase.

The restricted shares vest in four equal 25% installments on the three-, six-, nine-, and twelve-month anniversaries of October 31, 2025, subject to continued service and the terms of a Restricted Shares Grant Agreement. The filing notes the grant is exempt from short-swing profit rules under Rule 16b-3, and that, as a designated director of affiliates of Juniper Capital Advisors, L.P., the shares were immediately transferred to Juniper, with the director disclaiming beneficial ownership except for any pecuniary interest.

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Schmidt Joshua

(Last) (First) (Middle)

C/O PEDEVCO CORP. 575 N. DAIRY

ASHFORD ENERGY CENTER II SUITE 210

(Street)

HOUSTON TX 77079

(City) (State) (Zip)

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

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

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

3. Date of Earliest Transaction (Month/Day/Year)
11/13/2025

4. 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 Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	11/13/2025		A		196,359(1)	A	$0(2)	196,359	D
Common stock	11/13/2025		J(3)		196,359	D	$0	196,359	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The shares of Restricted Common Stock were issued to the Reporting Person pursuant to the Issuer's 2021 Equity Incentive Plan and are subject to forfeiture. The shares vest at the rate of (i) 25% of the shares on the three (3) month anniversary of October 31, 2025; (ii) 25% on the six (6) month anniversary of October 31,2025; (iii) 25% on the nine (9) month anniversary of October 31, 2025; and (iv) 25% on the twelve (12) month anniversary of October 31, 2025, subject to the Reporting Person's continued service to the Issuer on such vesting dates, and subject to the terms and conditions of a Restricted Shares Grant Agreement entered into by and between the Issuer and the Reporting Person. Exempt from Section 16(b) pursuant to Rule 16b-3.

2. Issued to the Reporting Person in consideration for services rendered and agreed to be rendered as a member of the Board of Directors of the Issuer.

3. As a designated director of affiliates of Juniper Capital Advisors, L.P. (collectively, "Juniper"), upon grant the shares of Restricted Common Stock were immediately transferred to Juniper. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, if any.

Remarks:

See Power of Attorney filed as Exhibit 24.1 to the Form 3 filed by Reporting Person on November 10, 2025.

	/s/ Clark R. Moore, attorney-in-fact for Josh Schmidt	11/17/2025
	** 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 4 (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

What insider transaction did PEDEVCO Corp (PED) report on this Form 4?

The filing reports that a director of PEDEVCO Corp. (PED) received 196,359 shares of restricted common stock on 11/13/2025 as equity compensation.

How do the 196,359 restricted PEDEVCO (PED) shares vest?

The 196,359 restricted shares vest in four equal 25% installments on the three-, six-, nine-, and twelve-month anniversaries of October 31, 2025, subject to the director’s continued service and the Restricted Shares Grant Agreement.

What was the price for the restricted stock issued in this PEDEVCO (PED) Form 4?

The restricted common stock was reported with a price of $0, indicating it was issued as consideration for services rendered and agreed to be rendered as a member of the Board of Directors.

Under which plan were the PEDEVCO (PED) restricted shares granted?

The 196,359 restricted shares were granted pursuant to PEDEVCO Corp.’s 2021 Equity Incentive Plan and are subject to forfeiture and vesting conditions.

Who ultimately holds the restricted PEDEVCO (PED) shares disclosed in the Form 4?

As a designated director of affiliates of Juniper Capital Advisors, L.P. (collectively, Juniper), the restricted shares were immediately transferred to Juniper, and the director disclaims beneficial ownership except for any pecuniary interest.

Why is the PEDEVCO (PED) director equity grant exempt from Section 16(b)?

The filing states the grant of restricted common stock is exempt from Section 16(b) pursuant to Rule 16b-3, which covers certain board-approved compensation transactions.