Clark Moore - Jan 25, 2022 Form 4 Insider Report for PEDEVCO CORP (PED)

Role
Executive VP
Signature
/s/ Clark Moore
Stock symbol
PED
Transactions as of
Jan 25, 2022
Transactions value $
$0
Form type
4
Date filed
1/26/2022, 04:31 PM
Previous filing
Jan 21, 2022
Next filing
Jan 13, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PED Common stock Award $0 +300K +100% $0.00 600K Jan 25, 2022 Direct F1, F2
holding PED Common stock 2.87K Jan 25, 2022 By minor child F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The shares of Restricted Common Stock were issued to the Reporting Person pursuant to the Issuer's 2021 Equity Incentive Plan and are subject to forfeiture. The shares vest at the rate of (i) 1/3 of the shares on the one (1) year anniversary of January 25, 2022 (the "Grant Date"); (ii) 1/3 on the two (2) year anniversary of the Grant Date; and (iii) 1/3 on the three (3) year anniversary of the Grant Date, subject to the Reporting Person's continued service to the Company 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 the Reporting Person. Exempt under Rule 16b-3.
F2 Issued to the Reporting Person in consideration for services rendered and agreed to be rendered to the Issuer as the Executive Vice President, General Counsel and Secretary of the Issuer.
F3 Represents 2,867 shares of the Issuer's common stock owned by Reporting Person's minor child.