KUKES SIMON G 4

What Happened
Simon G. Kukes, a reported 10% owner of PEDEVCO Corp (PED), converted Convertible Series A Preferred Stock into common shares on February 27, 2026. The filing reports the acquisition of a total of 30,819,954 common shares (28,018,140 + 2,801,814) via conversion/exercise (transaction code M). The conversion was non‑cash — the reported price is $0.00 — pursuant to the preferred-stock terms (10-for-1 conversion ratio).

Key Details

• Transaction date: 2026-02-27 (Automatic Conversion Date per footnote).
• Filing date: 2026-03-03 — filed within the Form 4 two-business-day window (timely).
• Shares acquired: 30,819,954 common shares total (28,018,140 + 2,801,814). Reported acquisition price: $0.00 (non-cash conversion).
• Footnotes: F1 — Series A Preferred automatically converted at a 10-for-1 ratio; F3 — preferred became convertible after a 20‑calendar‑day period following shareholder information statement distribution; F2 — Kukes disclaims beneficial ownership except for any pecuniary interest.
• Shares owned after transaction: not specified in the excerpt provided.
• Form notes: See referenced Powers of Attorney in earlier Form 4 filings (Exhibits 24.1 and 24.3).

Context: This was an automatic conversion of convertible preferred stock into common shares (derivative conversion), not an open‑market purchase or sale. Because it was a non‑cash, contractual conversion, it reflects a structural change in the company’s capitalization rather than a discretionary buy/sell decision by the insider.