Paul Anthony Pinkston - 25 Jan 2022 Form 4 Insider Report for PEDEVCO CORP (PED)

Role
CAO and PFO and AO
Signature
/s/ Clark R. Moore, attorney-in-fact for Paul Pinkston
Issuer symbol
PED
Transactions as of
25 Jan 2022
Net transactions value
$0
Form type
4
Filing time
26 Jan 2022, 16:34:34 UTC
Previous filing
21 Jan 2022
Next filing
13 Jan 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PED Common Stock Award $0 +200,000 +92% $0.000000 417,000 25 Jan 2022 Direct F1, F2
* 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 Chief Accounting Officer of the Issuer.

Remarks:

See Power of Attorney filed as Exhibit 24.1 to the Form 4 filed by the Reporting Person on December 20, 2019.