Juniper Capital II GP, L.P. 4

What Happened

• Juniper Capital II GP, L.P. (reported as a 10% owner) acquired 37,658,222 shares of PEDEVCO common stock on Feb 27, 2026 through the automatic conversion of Series A Convertible Preferred Stock into common stock (conversion ratio 10-for-1). These were non-cash conversions (price shown $0.00).
• The filing also shows related transfers on the same date: 3,235,117 shares were issued directly to third parties (disposed), 3,765,822.2 derivative shares were reported disposed (conversion-related), and 49,679 shares were acquired (transferred in part from a director-related grant). No cash changed hands in the conversion entries.

Key Details

• Transaction date: February 27, 2026. Form filed: March 3, 2026 (timely — within required 2 business days).
• Primary entry: Conversion of Series A preferred into 37,658,222 common shares (10-for-1 conversion ratio; see footnotes).
• Other movements: 3,235,117 shares issued directly to third parties per pre-existing agreement; 49,679 shares transferred to the reporting group from a board-member grant; 3,765,822.2 derivative shares disposed (conversion-related).
• Prices reported: $0.00 for conversion/transfer entries (non-cash issuance).
• Shares ownership after the transactions: not explicitly stated in the excerpt of the filing.
• Notable footnotes:
  • F1/F6: Automatic Conversion Date was Feb 27, 2026 after a 20-calendar-day period; conversion ratio 10-for-1.
  • F2: Shares were issued to affiliates; Juniper’s GP interest gives it control over those affiliates; Juniper disclaims beneficial ownership except to the extent of pecuniary interest.
  • F3: 3,235,117 shares were issued directly to third parties under a pre-existing agreement.
  • F4/F5: Part of the issuance relates to a director grant (Edward Geiser) and restricted shares subject to vesting (25% quarterly over 12 months) and exempt under Rule 16b-3.

Context

• This was an automatic conversion of preferred stock into common stock (a corporate capital-structure event), not an open-market purchase or sale for cash — interpret accordingly. Conversions and transfers like this are typically administrative/corporate-actions rather than straightforward insider bullish/bearish trades.
• The reporting person is an institutional 10% owner (via fund/general partner structures), not an individual executive—some shares were routed to third parties or affiliated entities per agreements and board-related arrangements.