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PEDEVCO (PED) Executive VP awarded RSUs and performance units, updates holdings

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Clark Moore reported acquisition or exercise transactions in this Form 4 filing.

PEDEVCO CORP Executive VP Clark Moore reported new equity awards and updated holdings. He received grants of 18,950 time-based Restricted Stock Units and 5,270 Performance-Based Restricted Stock Units, each representing the contingent right to receive common shares if vesting conditions are met.

The time-based RSUs vest in three equal annual installments starting from a January 1, 2026 vesting commencement date, subject to continued service. The performance-based RSUs are tied to total shareholder return over a fiscal 2026–2028 performance period, with potential payout from 0% to 200% of the target award based on relative performance.

Following these awards, Moore reports holding 73,225 shares of common stock directly and 143 shares indirectly through a minor child, in addition to the unvested RSUs and performance-based units granted under the company’s 2021 Equity Incentive Plan.

Positive

  • None.

Negative

  • None.
Insider Clark Moore
Role Executive VP
Type Security Shares Price Value
Grant/Award Restricted Stock Unit 18,950 $0.00 --
Grant/Award Performance-Based Restricted Stock Unit 5,270 $0.00 --
holding Common Stock -- -- --
holding Common stock -- -- --
Holdings After Transaction: Restricted Stock Unit — 18,950 shares (Direct, null); Performance-Based Restricted Stock Unit — 5,270 shares (Direct, null); Common Stock — 73,225 shares (Direct, null); Common stock — 143 shares (Indirect, By minor child)
Footnotes (1)
  1. Represents shares of the Issuers common stock owned by Reporting Persons minor child. Each Restricted Stock Unit represents the contingent right to receive, at vesting and upon settlement, one share of common stock. Each Performance-Based Restricted Stock Unit represents the contingent right to receive, at vesting and upon settlement, shares of common stock of the Issuer. The actual number of shares issuable upon vesting may range from 0% to 200% of the target award based upon the level of achievement of the applicable performance criteria. The Restricted Stock Units (RSUs) vest, if at all, at the rate of (i) 1/3 of the total number of RSUs on the one (1) year anniversary of the January 1, 2026 vesting commencement date (the -VCD-); (ii) 1/3 of the total number of RSUs on the two (2) year anniversary of the VCD; and (iii) 1/3 of the total number of RSUs on the three (3) year anniversary of the VCD, subject to the Reporting Persons continued service to the Company on such vesting dates, and subject to the terms and conditions of a Restricted Stock Unit Award Grant Agreement entered into between the Company and the Reporting Person. RSUs do not expire; they either vest or are forfeited prior to vesting date. Issued under the Issuers 2021 Equity Incentive Plan. The Performance-Based Restricted Stock Units (PBRSUs), which PBRSUs will be earned based on the performance metrics applicable to the Issuers performance-based equity award program previously approved for management for the fiscal 2026 through fiscal 2028 performance period, which generally provide for the cliff-vesting of 100% of the PBRSUs on December 31, 2028, subject to the Reporting Persons continued service through that date and based on the Issuers total shareholder return (TSR) over the period, with payout ranging from 0% to 200% of target based on relative TSR percentile ranking against a defined peer group, and further subject to the terms and conditions of a Performance-Based Restricted Stock Unit Award Grant Agreement entered into between the Issuer and the Reporting Person. PBRSUs do not expire; they either vest or are forfeited prior to vesting. Issued under the Issuers 2021 Equity Incentive Plan. The Target number of shares is reported. Possible payout ranges from 0% to 200%, based on the level of achievement of the applicable performance criteria during the applicable performance period.
Time-based RSUs granted 18,950 units Restricted Stock Units representing contingent rights to common shares
Performance-based RSUs granted (target) 5,270 units Target Performance-Based Restricted Stock Units tied to TSR
Direct common stock holdings 73,225 shares Total shares of common stock held directly after reported awards
Indirect common stock holdings 143 shares Shares of common stock held indirectly via minor child
PBRSU payout range 0%–200% of target Range based on achievement of performance criteria over performance period
Restricted Stock Unit financial
"Each Restricted Stock Unit represents the contingent right to receive, at vesting and upon settlement, one share of common stock."
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
Performance-Based Restricted Stock Unit financial
"Each Performance-Based Restricted Stock Unit represents the contingent right to receive, at vesting and upon settlement, shares of common stock of the Issuer."
A performance-based restricted stock unit is a promise of company shares given to an employee that only becomes actual stock if specific performance targets are met and any required time at the company is completed. For investors, these awards matter because they can dilute existing shares when earned and signal management’s confidence or the company’s expected future performance, much like a bonus cheque that only clears when pre-set goals are reached.
total shareholder return (TSR) financial
"based on the Issuers total shareholder return (TSR) over the period, with payout ranging from 0% to 200% of target"
Total shareholder return (TSR) measures how much an investment in a company's stock has grown over a specific period by combining the change in the share price and all dividends paid, expressed as a percentage. Think of it like tracking the total balance of a savings jar that increases both from added cash (dividends) and a rising sticker price on the jar (share price); investors use TSR to compare how well different stocks or managers deliver real, money-in-hand returns.
2021 Equity Incentive Plan financial
"Issued under the Issuers 2021 Equity Incentive Plan."
cliff-vesting financial
"generally provide for the cliff-vesting of 100% of the PBRSUs on December 31, 2028"
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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
Estimated average burden
hours per response:0.5
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*
Clark Moore
(Last)(First)(Middle)
575 N. DAIRY ASHFORD
ENERGY CENTER II, SUITE 210
(Street)
HOUSTON TEXAS 77079
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
PEDEVCO CORP [ PED ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Executive VP
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/22/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Common Stock73,225D
Common stock143IBy minor child(1)
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Unit(2)06/22/2026A18,950 (4) (4)Common Stock18,950$0.0018,950D
Performance-Based Restricted Stock Unit(3)06/22/2026A5,270 (5) (5)Common Stock5,270(6)$0.005,270D
Explanation of Responses:
1. Represents shares of the Issuers common stock owned by Reporting Persons minor child.
2. Each Restricted Stock Unit represents the contingent right to receive, at vesting and upon settlement, one share of common stock.
3. Each Performance-Based Restricted Stock Unit represents the contingent right to receive, at vesting and upon settlement, shares of common stock of the Issuer. The actual number of shares issuable upon vesting may range from 0% to 200% of the target award based upon the level of achievement of the applicable performance criteria.
4. The Restricted Stock Units (RSUs) vest, if at all, at the rate of (i) 1/3 of the total number of RSUs on the one (1) year anniversary of the January 1, 2026 vesting commencement date (the -VCD-); (ii) 1/3 of the total number of RSUs on the two (2) year anniversary of the VCD; and (iii) 1/3 of the total number of RSUs on the three (3) year anniversary of the VCD, subject to the Reporting Persons continued service to the Company on such vesting dates, and subject to the terms and conditions of a Restricted Stock Unit Award Grant Agreement entered into between the Company and the Reporting Person. RSUs do not expire; they either vest or are forfeited prior to vesting date. Issued under the Issuers 2021 Equity Incentive Plan.
5. The Performance-Based Restricted Stock Units (PBRSUs), which PBRSUs will be earned based on the performance metrics applicable to the Issuers performance-based equity award program previously approved for management for the fiscal 2026 through fiscal 2028 performance period, which generally provide for the cliff-vesting of 100% of the PBRSUs on December 31, 2028, subject to the Reporting Persons continued service through that date and based on the Issuers total shareholder return (TSR) over the period, with payout ranging from 0% to 200% of target based on relative TSR percentile ranking against a defined peer group, and further subject to the terms and conditions of a Performance-Based Restricted Stock Unit Award Grant Agreement entered into between the Issuer and the Reporting Person. PBRSUs do not expire; they either vest or are forfeited prior to vesting. Issued under the Issuers 2021 Equity Incentive Plan.
6. The Target number of shares is reported. Possible payout ranges from 0% to 200%, based on the level of achievement of the applicable performance criteria during the applicable performance period.
/s/ Clark Moore06/23/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What equity awards did PEDEVCO (PED) Executive VP Clark Moore receive?

Clark Moore received 18,950 time-based Restricted Stock Units and 5,270 Performance-Based Restricted Stock Units. Each unit represents a contingent right to receive one share of PEDEVCO common stock if specified service and performance vesting conditions are satisfied.

How do Clark Moore’s time-based RSUs at PEDEVCO (PED) vest?

The 18,950 Restricted Stock Units vest in three equal installments. One-third vests on each of the first, second, and third anniversaries of the January 1, 2026 vesting commencement date, subject to Moore’s continued service and the terms of his award agreement.

What determines payout of Clark Moore’s performance-based RSUs at PEDEVCO (PED)?

The 5,270 Performance-Based Restricted Stock Units are earned based on total shareholder return over PEDEVCO’s fiscal 2026–2028 period. Payout can range from 0% to 200% of target, depending on relative TSR versus a defined peer group at the end of the period.

When do Clark Moore’s performance-based RSUs at PEDEVCO (PED) vest?

The performance-based RSUs generally provide for cliff vesting on December 31, 2028. Vesting depends on Clark Moore’s continued service through that date and on PEDEVCO’s total shareholder return performance against a specified peer group over fiscal 2026–2028.

What are Clark Moore’s reported common stock holdings in PEDEVCO (PED)?

After the reported awards, Clark Moore holds 73,225 shares of PEDEVCO common stock directly and 143 shares indirectly through a minor child. These are in addition to his unvested time-based Restricted Stock Units and performance-based Restricted Stock Units granted under the 2021 plan.

Under which plan were Clark Moore’s PEDEVCO (PED) equity awards granted?

Both the time-based Restricted Stock Units and the performance-based RSUs were issued under PEDEVCO’s 2021 Equity Incentive Plan. The awards are governed by individual grant agreements that specify vesting schedules, performance criteria, and forfeiture conditions if requirements are not met.