PED CFO gains 926,160 shares via preferred conversion
PEDEVCO CORP CFO and Treasurer Robert Joseph Long reported the automatic conversion of Series A Convertible Preferred Stock into common stock.
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Rhea-AI Filing Summary
PEDEVCO CORP CFO and Treasurer Robert Joseph Long reported the automatic conversion of Series A Convertible Preferred Stock into common stock. On February 27, 2026, 9,546 preferred shares converted into common at a 10-for-1 ratio, resulting in acquisitions of 95,460 and 830,700 common shares in separate entries.
Following these derivative conversions, Long directly owned 926,160 shares of PEDEVCO common stock. The footnotes explain that the preferred shares were originally issued to affiliates of Juniper Capital Advisors, L.P. on his behalf and became convertible only after shareholder approval on October 31, 2025 and the required twenty-day period.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Series A Convertible Preferred Stock | 9,546 | $0.00 | $0.00 |
| Conversion | Common Stock | 95,460 | $0.00 | $0.00 |
| Conversion | Common Stock | 830,700 | $0.00 | $0.00 |
Footnotes (3)
- F1. 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.
- F2. Represents shares of common stock of the Issuer originally issued to certain affiliates of Juniper Capital Advisors, L.P. ("Juniper") on behalf of the Reporting Person as shares of convertible preferred stock. On the Automatic Conversion Date, the shares of common stock to be received upon conversation of the convertible preferred stock were issued in the name of the Reporting Person pursuant to a pre-existing agreement with Juniper.
- F3. 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.
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What insider transaction did PED CFO Robert Joseph Long report?
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