Schick John Douglas 4

What Happened

John Douglas Schick, President, CEO and a director of PEDEVCO Corp (PED), surrendered a total of 110,724 shares of common stock to the company to satisfy tax-withholding obligations tied to the vesting of restricted stock. The surrender occurred in two parts: 34,592 shares at $0.58 per share (value $20,063) on 2026-01-23, and 76,132 shares at $0.59 per share (value $45,146) on 2026-01-26, for a combined value of about $65,209. These were tax-withholding share surrenders, not open-market sales.

Key Details

• Transaction dates and prices: 2026-01-23 — 34,592 shares @ $0.58; 2026-01-26 — 76,132 shares @ $0.59.
• Total shares surrendered: 110,724; total reported value ≈ $65,209.
• Shares surrendered to cover withholding related to vesting of restricted stock granted previously: 116,667 shares granted 1/23/2023 (F1) and 175,000 shares granted 1/26/2024 (F2).
• Footnotes: F1 and F2 state these shares were surrendered to satisfy tax withholding; "No shares were issued or sold in this transaction." The per-share values reflect the NYSE American price on the vesting dates.
• Filing: Form 4 filed 2026-01-27 reporting transactions from 2026-01-23 and 2026-01-26. The filing includes a Power of Attorney reference (Exhibit 24.1 to a prior Form 4).

Context

• This was a tax-withholding (net share settlement) event, a routine administrative step when restricted stock vests; it should not be interpreted as an open-market sale indicating the insider's market view.
• Such F-code transactions are common for covering tax liabilities on awards; they differ from purchases or voluntary sales and generally carry less informational weight for investors.