PEDEVCO (PED) CEO’s entity receives 454,550 common shares in conversion

Rhea-AI Filing Summary

PEDEVCO CORP’s President and CEO John Douglas Schick reported an automatic conversion of 45,455 shares of Series A Convertible Preferred Stock into 454,550 shares of common stock on February 27, 2026, based on a 10-for-1 conversion ratio.

The new common shares from the conversion are held indirectly through American Resources Inc., which is owned and controlled by Schick, though he disclaims beneficial ownership except to the extent of his pecuniary interest. Following these transactions, he also holds 3,399,743 shares of common stock directly.

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^*

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)
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		454,550	A	(1)	454,550(2)	I	By American Resources Inc.(3)
Common Stock								3,399,743	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	(4)	02/27/2026		M			45,455	(4)	(4)	Common Stock	454,550	$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. Except to the extent of his pecuniary interest therein this report shall not be deemed an admission that the Reporting Person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.

3. American Resources Inc., is owned and controlled by the Reporting Person, and as such the Reporting Person may be deemed to be beneficially owned the securities held by American Resources Inc.

4. 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 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	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 PEDEVCO (PED) report for John Douglas Schick?

PEDEVCO reported that President and CEO John Douglas Schick oversaw an automatic conversion of 45,455 shares of Series A Convertible Preferred Stock into 454,550 shares of common stock on February 27, 2026, in accordance with the security’s 10-for-1 conversion terms.

How many PEDEVCO (PED) preferred shares were converted and at what ratio?

A total of 45,455 shares of PEDEVCO’s Series A Convertible Preferred Stock converted into common stock at a 10-for-1 ratio, resulting in 454,550 common shares. This conversion occurred automatically pursuant to the preferred stock’s terms on February 27, 2026.

Who holds the newly issued PEDEVCO (PED) common shares from the preferred conversion?

The 454,550 new common shares are held indirectly through American Resources Inc. American Resources Inc. is owned and controlled by John Douglas Schick, and he may be deemed to beneficially own its holdings, subject to a pecuniary-interest disclaimer.

What is John Douglas Schick’s direct common stock holding in PEDEVCO (PED) after the transaction?

After the reported transactions, John Douglas Schick directly holds 3,399,743 shares of PEDEVCO common stock. This figure reflects his personal direct ownership, separate from the 454,550 shares held indirectly through American Resources Inc.

When did the automatic conversion of PEDEVCO (PED) Series A Preferred Stock become effective?

The automatic conversion became effective on February 27, 2026, the Automatic Conversion Date. This date followed an information statement distributed to shareholders disclosing majority stockholder approval of the conversion and related matters under Regulation 14C.

Does John Douglas Schick fully admit beneficial ownership of PEDEVCO (PED) shares held by American Resources Inc.?

Schick may be deemed to beneficially own securities held by American Resources Inc. because he owns and controls it, but he expressly disclaims beneficial ownership of those securities except to the extent of his pecuniary interest in them.