Juniper Capital III GP, L.P. 4

What Happened

• Juniper Capital III GP, L.P., reported as a 10% owner, principally acquired 62,793,710 shares of PEDEVCO common stock on Feb 27, 2026 through the automatic conversion of Convertible Series A Preferred Stock into common stock at a 10-for-1 ratio. The filing shows no cash price for that conversion (conversion automatic per terms).
• The filing also reports related movements on the same date: 154,600 shares were issued directly to third parties (reported as a disposition at $0.00), 90,400 shares were recorded as acquired at $0.00, and 6,279,371 derivative-conversion shares were reported as disposed at $0.00. No dollar sale proceeds are shown for these transfers.

Key Details

• Transaction date: February 27, 2026 (Automatic Conversion Date under the preferred's terms).
• Conversion detail: Series A preferred converted at a 10-for-1 ratio into common stock (footnotes F1, F6).
• Prices shown: $0.00 for the reported dispositions/acquisitions tied to transfers; primary conversion reported as N/A (no cash consideration).
• Shares owned after transaction: not specified as beneficial ownership is disclaimed by the reporting person except to the extent of pecuniary interest (see footnote F2). The filer is identified as a 10% owner.
• Notable footnotes: (F2) conversion shares were issued to affiliates (Fund III Holdings and others); (F3) 154,600 shares were issued directly to third parties per pre-existing agreements; (F4) an unrelated director grant to Edward Geiser resulted in some shares being transferred to Fund III Holdings; (F5) some restricted shares subject to vesting/forfeiture under the Issuer's 2021 Equity Incentive Plan.
• Filing timeliness: Reported on March 3, 2026 for a Feb 27, 2026 transaction—filed within the standard two-business-day Section 16 reporting window.

Context

• This was not an open-market purchase or sale: the large position change resulted from the automatic conversion of preferred stock into common stock (a corporate capitalization event), not a market trade. Transfers of shares to third parties and affiliates reflect internal allocations and pre-existing agreements rather than typical insider buying/selling.
• As a 10% owner reporting through an institutional general partner, this filing reflects institutional/structural holdings and allocations; it should not be read as an individual executive’s market-timing signal.