PEDEVCO Corp (PED) officer converts Series A preferred into 45,460 common shares

Rhea-AI Filing Summary

PEDEVCO Corp executive Jody D. Crook increased his common share holdings through an automatic preferred stock conversion. On the Automatic Conversion Date of 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 pursuant to the security’s terms. Following this conversion, Crook directly owned 668,345 shares of PEDEVCO common stock. The footnotes clarify that the preferred shares were not convertible until a twenty-day period after stockholders approved the conversion, with that approval-related information statement distribution occurring on October 31, 2025.

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^*

Crook Jody D.

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
02/27/2026

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	02/27/2026		M		45,460	A	(1)	668,345	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
Series A Convertible Preferred Stock	(2)	02/27/2026		M			4,546	(2)	(2)	Common Stock	45,460	$0	0	D

Explanation of Responses:

1. 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.

2. 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.

Remarks:

See the Power of Attorney filed as Exhibit 24 to the Form 3 filed by the Reporting Person on January 2, 2025.

	/s/ Clark R. Moore, attorney-in-fact for Jody Crook	03/03/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transaction did PED executive Jody D. Crook report?

Jody D. Crook reported an automatic conversion of preferred stock into common stock. On February 27, 2026, 4,546 Series A Convertible Preferred shares converted into 45,460 common shares under a 10-for-1 conversion ratio, increasing his direct common stock holdings.

How many PEDEVCO (PED) common shares did Jody D. Crook receive in the conversion?

He received 45,460 PEDEVCO common shares through the conversion. These shares came from 4,546 Series A Convertible Preferred shares converting at a 10-for-1 ratio, bringing his total direct common stock ownership to 668,345 shares after the transaction.

What was the conversion ratio for PED’s Series A Convertible Preferred Stock?

The Series A Convertible Preferred Stock converted into common stock at a 10-for-1 ratio. Specifically, 4,546 preferred shares became 45,460 common shares on February 27, 2026, as provided in the preferred stock’s terms and described in the Form 4 footnotes.

When did the automatic conversion of PED’s Series A Preferred Stock occur?

The automatic conversion occurred on February 27, 2026, the defined Automatic Conversion Date. This date followed a required twenty-calendar-day period after shareholders received an information statement about stockholder approval of the conversion and related matters on October 31, 2025.

How many PEDEVCO (PED) common shares does Jody D. Crook own after the conversion?

After the automatic conversion, Jody D. Crook directly owns 668,345 PEDEVCO common shares. This total reflects the addition of 45,460 common shares received from converting 4,546 Series A Convertible Preferred shares, as reported in the Form 4 filing.

Was the PED preferred stock conversion a discretionary purchase or an automatic event?

It was an automatic event under the security’s terms, not an open-market purchase. The Series A Convertible Preferred Stock converted on the Automatic Conversion Date after a twenty-day period following distribution of an information statement describing stockholder approval on October 31, 2025.