Clark Moore 4

What Happened Clark Moore, Executive Vice President of PEDEVCO Corp (PED), recorded a conversion (transaction code M) on Feb 27, 2026 in which 4,546 shares of Convertible Series A Preferred Stock were converted into 45,460 common shares (10-for-1 conversion). The filing shows the preferred/derivative was disposed at $0.00 (reflecting conversion) and 45,460 common shares were acquired; there was no cash paid or received in the conversion.

Key Details

• Transaction date: February 27, 2026 (Automatic Conversion Date per filing).
• Conversion ratio: 10-for-1 (4,546 preferred → 45,460 common).
• Reported prices: Acquired common shares listed without a price; preferred disposed at $0.00 (conversion event).
• Shares owned after transaction: Not specified in the excerpt provided. Footnote notes 2,867 shares are owned by the reporting person’s minor child.
• Relevant footnotes:
  • F1/F3: The preferred automatically converted on the Automatic Conversion Date (Feb 27, 2026) after the required 20-day period following shareholder notice.
  • F2: 2,867 shares are held by the reporting person’s minor child.
• Filing timeliness: Form 4 was filed on March 3, 2026 for a Feb 27, 2026 transaction (filed within the standard 2 business-day window).

Context

• Transaction code M indicates an exercise or conversion of a derivative security; here it was an automatic conversion of preferred into common shares (not a market sale or open-market purchase).
• This was not a cash purchase or sale of common shares—it's a structural change converting the issuer’s preferred stock into common stock, so it should not be read as a buy/sell signal in the usual sense.