Juniper Capital IV GP, L.P. 4
4 · PEDEVCO CORP · Filed Mar 3, 2026
Research Summary
AI-generated summary of this filing
PEDEVCO (PED) 10% Owner Juniper Capital Converts 33.7M Shares
What Happened
- Juniper Capital IV GP, L.P. (reported as a 10% owner) reported that on Feb 27, 2026 the issuer's Convertible Series A Preferred Stock automatically converted into common stock at a 10-for-1 ratio. As a result, the filing shows an acquisition of 33,727,280 common shares via conversion (derivative conversion, code C).
- The filing also reports an "other acquisition" of 48,675 common shares at $0.00 (code J) and a reported disposition of 3,372,728 shares tied to a derivative conversion (code C, $0.00). All items show no cash changing hands (price $0.00).
- Net from the reported entries on this filing: +33,775,955 shares acquired and 3,372,728 shares disposed, for a net increase of 30,403,227 shares attributable to these transactions. The Form 4 was filed on March 3, 2026 (reflecting the Feb 27, 2026 automatic conversion).
Key Details
- Transaction date: Feb 27, 2026; Filing date: Mar 3, 2026 (timely within the usual two-business-day Form 4 window).
- Reported transactions and prices: 33,727,280 shares acquired (conversion) @ $0.00; 48,675 shares acquired (other) @ $0.00; 3,372,728 shares disposed (conversion) @ $0.00.
- Net change from this filing: +30,403,227 shares. The Form 4 does not state the total shares Juniper owned after these transactions.
- Notable footnotes: conversion was automatic on the "Automatic Conversion Date" (Feb 27, 2026) at a 10-for-1 ratio (F1, F5); prior preferred shares were held of record by affiliates (NPOG and COG) and the resulting common was issued to affiliates including J PED (F2); some shares recorded relate to a board service stock grant to Edward Geiser that was partly transferred to J PED (F3); certain common shares issued are restricted and subject to time-based vesting (F4).
- Insider type: Juniper Capital is a 10% institutional owner (via its general partner interest) and disclaims beneficial ownership except to extent of pecuniary interest — this is an institutional/affiliate conversion event, not an open-market purchase by a company executive.
Context
- This filing reflects mechanical, non-cash conversions and grants (preferred → common and restricted-share issuance), not a cash purchase or open-market sale. Such conversions are routine corporate actions and do not by themselves signal an insider buying on market conviction.
- Restricted shares reported here are subject to vesting and forfeiture conditions; the converted shares arose from the preferred-to-common conversion required by the security terms.
Insider Transaction Report
Form 4
PEDEVCO CORPPED
Juniper Capital IV GP, L.P.
10% Owner
Transactions
- Conversion
Common Stock
[F1][F2]2026-02-27+33,727,280→ 33,775,678 total(indirect: See footnote) - Other
Common Stock
[F3][F4][F2]2026-02-27+48,675→ 33,824,353 total(indirect: See footnote) - Conversion
Series A Convertible Preferred Stock
[F5][F2]2026-02-27−3,372,728→ 0 total(indirect: See footnote)→ Common Stock (33,727,280 underlying)
Footnotes (5)
- [F1]On the Automatic Conversion Date (defined below), the Convertible Series A Preferred Stock converted into Common Stock of the Issuer automatically pursuant to its terms based on a conversion ratio of 10-for-1.
- [F2]Prior to the Automatic Conversion Date, the shares of Series A Convertible Preferred Stock were held of record by North Peak Oil & Gas Holdings, LLC ("NPOG") and Century Oil and Gas Holdings, LLC ("COG"). On the Automatic Conversion Date, the shares of Common Stock were issued to affiliates of NPOG and COG including J PED, LLC ("J PED"). The Reporting Person may be deemed to have voting and dispositive power over such securities by virtue of its general partner interest in Juniper Capital IV, L.P., a Delaware limited partnership and investment fund that wholly owns and controls J PED. The Reporting Person disclaims beneficial ownership of the securities except to the extent of its pecuniary interest therein.
- [F3]Edward Geiser received a grant of Common Stock in consideration for services rendered and agreed to be rendered as a member of the Board of Directors of the Issuer (the "Board"). Upon receipt by Mr. Geiser, the shares of Common Stock were transferred, in part, to J PED since Mr. Geiser is a designated director of an affiliate of the Reporting Person.
- [F4]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) 25% of the shares on the three (3) month anniversary of February 27, 2026; (ii) 25% on the six (6) month anniversary of February 27, 2026; (iii) 25% on the nine (9) month anniversary of February 27, 2026; and (iv) 25% on the twelve (12) month anniversary of February 27, 2026, subject to the Reporting Person's continued service on the Board 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 an affiliate of the Reporting Person. Exempt from Section 16(b) pursuant to Rule 16b-3.
- [F5]The Convertible Series A Preferred Stock was not convertible until the expiration of the twenty calendar day period (the "Automatic Conversion Date") commencing on the distribution to the Issuer's shareholders in accordance with Rule 14c-2 of Regulation 14C promulgated under the Securities and Exchange Act of 1934, as amended, of an information statement disclosing, among other things, the approval of such conversion and related matters by the majority stockholders of the Issuer which occurred on October 31, 2025, which Automatic Conversion Date was February 27, 2026.
Signature
/s/ Edward Geiser|2026-03-03