PEDEVCO Corp (PED) Form 4 shows 48,398 restricted shares to board designee

Rhea-AI Filing Summary

PEDEVCO Corp. (PED) reported an insider equity award linked to board service. A designated director, Joshua Schmidt, received 48,398 shares of restricted common stock on 11/13/2025, which were transferred to J PED, LLC, an entity indirectly controlled by the reporting person. The filing lists this as an indirect holding of 48,398 common shares at a stated price of $0 for the grant.

The restricted shares were issued under PEDEVCO’s 2021 Equity Incentive Plan as consideration for services as a member of the board of directors. The grant is subject to forfeiture and vests in four equal installments of 25% on the three, six, nine, and twelve month anniversaries of October 31, 2025, contingent on Mr. Schmidt’s continued service and the terms of a restricted shares grant agreement.

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^*

Juniper Capital IV GP, L.P.

(Last) (First) (Middle)

2727 ALLEN PARKWAY

SUITE 1850

(Street)

HOUSTON TX 77019

(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	X	10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
11/13/2025

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	11/13/2025		J(1)		48,398(2)	A	$0(3)	48,398	I	see footnote(4)

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. Upon receipt by Joshua Schmidt, the shares of Restricted Common Stock were transferred to J PED, LLC ("J PED"), since Mr. Schmidt is a designated director of an affiliate of the Reporting Person.

2. The shares of Restricted Common Stock were issued to Mr. Schmidt pursuant to the Issuer's 2021 Equity Incentive Plan and are subject to forfeiture. The shares vest at the rate of (i) 25% of the shares on the three (3) month anniversary of October 31, 2025; (ii) 25% on the six (6) month anniversary of October 31,2025; (iii) 25% on the nine (9) month anniversary of October 31, 2025; and (iv) 25% on the twelve (12) month anniversary of October 31, 2025, subject to Mr. Schmidt's continued service to the Issuer on such vesting dates, and subject to the terms and conditions of a Restricted Shares Grant Agreement entered into by and between the Issuer and Mr. Schmidt.

3. Issued to Mr. Schmidt in consideration for services rendered and agreed to be rendered as a member of the Board of Directors of the Issuer.

4. The Reporting Person is the sole general partner of Juniper Capital IV, L.P., a Delaware limited partnership and investment fund that wholly owns and controls J PED. The Reporting Person disclaims beneficial ownership in the securities except to the extent of its pecuniary interest therein.

	/s/ Edward Geiser, Authorized Signatory	12/04/2025
	** 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).
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FAQ

What insider transaction did PEDEVCO Corp (PED) report in this Form 4?

The company reported that a designated director, Joshua Schmidt, received 48,398 shares of restricted common stock on 11/13/2025, which were transferred to J PED, LLC and reported as indirectly owned by the reporting person.

What type of shares were granted in the PEDEVCO (PED) insider filing?

The filing shows a grant of restricted common stock under PEDEVCO’s 2021 Equity Incentive Plan, subject to forfeiture and time-based vesting conditions.

How do the 48,398 restricted PEDEVCO (PED) shares vest?

The 48,398 restricted shares vest in four tranches of 25% each on the three, six, nine, and twelve month anniversaries of October 31, 2025, conditioned on continued service and the related grant agreement.

What consideration was given for the restricted PEDEVCO (PED) shares?

According to the filing, the restricted shares were issued to Mr. Schmidt at a price of $0 as consideration for services rendered and agreed to be rendered as a member of PEDEVCO’s board of directors.

Who is the indirect owner of the reported PEDEVCO (PED) shares?

The filing explains that the reporting person is the sole general partner of Juniper Capital IV, L.P., which wholly owns and controls J PED, LLC, the entity to which the restricted shares were transferred.

Is the reporting person claiming full beneficial ownership of these PEDEVCO (PED) shares?

The reporting person disclaims beneficial ownership of the securities except to the extent of its pecuniary interest in them.