Ivar Siem - 25 Aug 2022 Form 4 Insider Report for PEDEVCO CORP (PED)

Role
Director
Signature
/s/ Clark R. Moore, attorney-in-fact for Ivar Siem
Issuer symbol
PED
Transactions as of
25 Aug 2022
Net transactions value
$0
Form type
4
Filing time
26 Aug 2022, 16:32:18 UTC
Previous filing
13 Jul 2022
Next filing
14 Jul 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 +70,000 +56% $0.000000 195,000 25 Aug 2022 Direct F1, F2
holding PED Common Stock 187,100 25 Aug 2022 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 of Restricted Common Stock were issued to the Reporting Person pursuant to Issuer's 2021 Equity Incentive Plan and are subject to forfeiture. The shares fully vest on July 12, 2023, subject to the Reporting Person being a member of the Issuer's Board of Directors on such vesting date, 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(d).
F2 Issued to the Reporting Person in consideration for services rendered and agreed to be rendered as a member of the Board of Directors of the Issuer.
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.