IVar Siem - Jul 12, 2021 Form 4 Insider Report for PEDEVCO CORP (PED)

Role
Director
Signature
/s/ Clark R. Moore, attorney-in-fact for Ivar Siem
Stock symbol
PED
Transactions as of
Jul 12, 2021
Transactions value $
-$47,397
Form type
4
Date filed
7/13/2021, 07:05 PM
Next filing
Sep 1, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PED Common stock Sale -$47.4K -35K -29.17% $1.35 85K Jul 12, 2021 Direct F1, F2
holding PED Common stock 187K Jul 12, 2021 American Resources Inc. F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The shares were sold pursuant to a 10b5-1 trading plan previously adopted by the Reporting Person to satisfy the Reporting Person's tax liability in connection with the July 12, 2021 vesting of certain shares of restricted stock which were granted under the Company's 2012 Equity Incentive Plan.
F2 This transaction was executed in multiple trades at prices ranging from $1.32 to $1.50. The price reported above reflects the weighted average sales price. The Reporting Person hereby undertakes to provide upon request to the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares and prices at which the transaction was effected.
F3 The reporting person disclaims beneficial ownership of the reported securities held by American Resources Offshore Inc., except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership for purposes of Section 16 or for any other purpose.

Remarks:

See Power of Attorney filed as Exhibit 24.1 to the Form 4 filed by the Reporting Person on August 29, 2019.