Simon Kukes - Jan 23, 2023 Form 4 Insider Report for PEDEVCO CORP (PED)

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
/s/ Clark R. Moore, attorney-in-fact for Simon Kukes
Stock symbol
PED
Transactions as of
Jan 23, 2023
Transactions value $
$0
Form type
4
Date filed
1/23/2023, 04:33 PM
Previous filing
Dec 21, 2022
Next filing
Mar 30, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PED Common Stock Award $0 +400K +6.98% $0.00 6.13M Jan 23, 2023 Direct F1, F2
holding PED Common Stock 51.8M Jan 23, 2023 Through The SGK 2018 Revocable Trust
holding PED Common Stock 3K Jan 23, 2023 By Spouse
* 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 23, 2023 (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 Executive Officer of the Issuer.

Remarks:

See the Power of Attorney filed as Exhibit 24.1 to the Form 4 filed by the Reporting Persons on June 19, 2019 and the Power of Attorney filed as Exhibit 24.3 to the Form 4 filed by the Reporting Persons on October 5, 2022.