PEDEVCO insider Form 4: 66,666 shares sold under 10b5-1 plan

Rhea-AI Filing Summary

PEDEVCO Corp (PED) President and CEO, who is also a director, reported a sale of company stock in a Form 4 filing. On 11/24/2025, the reporting person sold 66,666 shares of PEDEVCO common stock at a weighted average price of $0.456 per share in an open-market transaction. After this sale, the reporting person beneficially owns 3,510,467 shares of PEDEVCO common stock directly.

The filing explains that the shares were sold under a pre-established Rule 10b5-1 trading plan and were intended to cover tax liabilities arising from the November 23, 2025 vesting of restricted stock granted under the company’s 2021 Equity Incentive Plan. The sale was executed in multiple trades at prices ranging from $0.4457 to $0.5115 per share, with the reported price reflecting the weighted average.

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

OMB APPROVAL

OMB Number:			3235-0287
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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).

X

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^*

Schick John Douglas

(Last) (First) (Middle)

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
X	Officer (give title below)		Other (specify below)
	President and CEO

3. Date of Earliest Transaction (Month/Day/Year)
11/24/2025

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	11/24/2025		S		66,666(1)	D	$0.456(2)	3,510,467	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. Shares were sold pursuant to a 10b5-1 trading plan previously adopted by the Reporting Person to satisfy the Reporting Person's tax liability in connection with the November 23, 2025 vesting of certain shares of restricted stock which were granted under the Company's 2021 Equity Incentive Plan, which grants were exempt from Section 16(b) pursuant to Rule 16b-3.

2. This transaction was executed in multiple trades at prices ranging from $0.4457 to $0.5115, inclusive. The price reported above reflects the weighted average sales price. The Reporting Person hereby undertakes to provide upon request to the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares and prices at which the transaction was effected.

Remarks:

See Power of Attorney filed as Exhibit 24.1 to the Form 4 filed by Reporting Person on January 15, 2020.

	/s/ Clark R. Moore, attorney-in-fact for J.Douglas Schick	11/25/2025
	** 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 in this Form 4?

The President and CEO of PEDEVCO Corp (PED), who is also a director, reported selling 66,666 shares of common stock on 11/24/2025 in an open-market transaction.

At what price were the PEDEVCO (PED) shares sold in the reported transaction?

The shares were sold at a weighted average price of $0.456 per share, with individual trade prices ranging from $0.4457 to $0.5115 per share.

How many PEDEVCO (PED) shares does the insider own after this sale?

Following the reported sale, the insider beneficially owns 3,510,467 shares of PEDEVCO common stock directly.

Why did the PEDEVCO (PED) insider sell 66,666 shares?

The filing states that the 66,666 shares were sold under a Rule 10b5-1 trading plan to satisfy the insider’s tax liability arising from the November 23, 2025 vesting of restricted stock granted under the company’s 2021 Equity Incentive Plan.

What is a Rule 10b5-1 trading plan in the context of the PEDEVCO (PED) Form 4?

A Rule 10b5-1 trading plan is a pre-arranged plan for buying or selling stock that allows insiders to conduct transactions according to a set schedule or conditions, intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Were the PEDEVCO (PED) restricted stock grants related to this sale exempt from Section 16(b)?

Yes. The restricted stock grants tied to the tax-related sale were made under the company’s 2021 Equity Incentive Plan and are described as being exempt from Section 16(b) pursuant to Rule 16b-3.