Pedevco (PED) EVP Clark Moore surrenders shares to cover tax on RSU vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Pedevco Corp Executive VP Clark Moore reported share transactions tied to restricted stock vesting. On January 23, 2026, he surrendered 41,181 shares of common stock at $0.58 per share to the company to cover tax withholding on 100,000 vesting restricted shares, leaving 1,480,820 shares held directly.
On January 26, 2026, he surrendered an additional 61,771 shares at $0.593 per share for tax withholding on 150,000 vesting restricted shares, with 1,419,049 shares then held directly. The filing also notes 2,867 shares held indirectly through his minor child. The company states that no shares were issued or sold in these tax withholding transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Clark Moore
Role
Executive VP
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common stock | 61,771 | $0.593 | $37K |
| Tax Withholding | Common stock. | 41,181 | $0.58 | $24K |
| holding | Common stock | -- | -- | -- |
Holdings After Transaction:
Common stock — 1,419,049 shares (Direct);
Common stock. — 1,480,820 shares (Direct);
Common stock — 2,867 shares (Indirect, By minor child)
Footnotes (1)
- Represents shares of common stock of the Issuer surrendered to the Issuer to satisfy tax withholding obligations in connection with the vesting of 100,000 shares of restricted stock granted to the reporting person on January 23, 2023. No shares were issued or sold in this transaction. The per-share value assigned to the shares surrendered reflects the price per share on the date on which the shares vested as reported on the NYSE American. Represents shares of common stock of the Issuer surrendered to the Issuer to satisfy tax withholding obligations in connection with the vesting of 150,000 shares of restricted stock granted to the reporting person on January 26, 2024. No shares were issued or sold in this transaction. The per-share value assigned to the shares surrendered reflects the price per share on the date on which the shares vested as reported on the NYSE American. Represents 2,867 shares of the Issuer's common stock owned by Reporting Person's minor child.
FAQ
What did Pedevco (PED) Executive VP Clark Moore report in this Form 4?
Clark Moore reported share surrenders to Pedevco for tax withholding tied to restricted stock vesting, not open-market sales. He surrendered 41,181 and 61,771 common shares on two January 2026 dates and reported his updated direct and indirect share holdings.
What do the transaction codes in the Pedevco (PED) Form 4 indicate?
The transactions use code “F,” indicating shares were withheld or surrendered to the issuer to pay taxes due at vesting of equity awards. This code distinguishes tax-related share surrenders from discretionary purchases or sales executed in the open market.
What restricted stock grants are referenced in this Pedevco (PED) Form 4?
The Form 4 references 100,000 restricted shares granted on January 23, 2023 and 150,000 restricted shares granted on January 26, 2024. The 2026 share surrenders cover tax withholding when those restricted stock awards vested according to their original grant terms.