John Douglas Schick - 25 Jan 2023 Form 4 Insider Report for PEDEVCO CORP (PED)

Role
President
Signature
/s/ Clark R. Moore, attorney-in-fact for J.Douglas Schick
Issuer symbol
PED
Transactions as of
25 Jan 2023
Net transactions value
-$42,540
Form type
4
Filing time
27 Jan 2023, 15:31:11 UTC
Previous filing
23 Jan 2023
Next filing
23 Jan 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PED Common Stock Sale $42,540 -40,000 -4.3% $1.06 880,467 25 Jan 2023 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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 January 25, 2023 vesting of certain shares of restricted stock which were granted under the Company's 2021 Equity Incentive Plan, which grants were exempt from Section 16(b) pursuant to Rule 16b-3.
F2 This transaction was executed in multiple trades at prices ranging from $1.05 to $1.0875, inclusive. 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.

Remarks:

See Power of Attorney filed as Exhibit 24.1 to the Form 4 filed by Reporting Person on January 15, 2020.