Crook Jody D. 4

What Happened
Jody D. Crook, Chief Commercial Officer of PEDEVCO Corp (PED), reported the automatic conversion of convertible Series A preferred stock into common stock on February 27, 2026. The filing shows 4,546 convertible preferred units were converted (reported as a disposition of the derivative) into 45,460 common shares (acquired) at a 10-for-1 conversion ratio. No cash was paid or received in the conversion (price shown as $0.00 / N/A).

Key Details

• Transaction date: February 27, 2026; Form 4 filed March 3, 2026.
• Reported transactions: disposition of 4,546 derivative instruments (M) @ $0.00 and acquisition of 45,460 common shares (M) @ N/A.
• Conversion ratio / footnotes: automatic 10-for-1 conversion of Convertible Series A Preferred into common stock (Footnotes F1 and F2). The preferred became convertible after a 20-calendar-day period and converted on Feb 27, 2026.
• Cash/value: No cash consideration reported — this was an automatic conversion, not a market purchase or sale.
• Shares owned after transaction: not specified in the provided excerpt of the Form 4.
• Filing timeliness: Form 4 was filed March 3 for a Feb 27 transaction. Form 4s are generally due within two business days, so this filing appears to be after the typical deadline.

Context
This was a conversion of convertible preferred stock into common shares under the securities’ terms (derivative transaction code M). It is not an open-market purchase or sale by the officer; rather, the conversion was automatic per the instrument’s provisions. Such conversions increase the insider’s common share count but do not necessarily indicate a discretionary buy or sell decision.