Schick John Douglas 4

What Happened

• John D. Schick, President & CEO and a director of PEDEVCO Corp (PED), was granted two equity awards on 2026-06-22 totaling 38,050 units: 22,830 Restricted Stock Units (RSUs) and 15,220 Performance-Based RSUs (PBRSUs). Both grants were reported as derivative awards with an acquisition price of $0.00 (i.e., no cash paid at grant).
• These are compensation awards (transaction code A — award/grant), not open-market purchases or sales.

Key Details

• Transaction date: 2026-06-22; Form filed: 2026-06-23 (timely filing).
• Award amounts: 22,830 RSUs and 15,220 PBRSUs (total target = 38,050 units). Reported price per unit: $0.00.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Notable footnotes:
  • RSUs: each unit converts to one share at vesting; vesting schedule is 1/3 on each of the 1-, 2- and 3-year anniversaries of the Jan 1, 2026 vesting commencement date, subject to continued service (F3, F5).
  • PBRSUs: cliff-vesting on Dec 31, 2028 subject to continued service and performance (total shareholder return) vs. peers; payout may range from 0%–200% of target (F4, F6, F7).
  • Ownership caveats: the reporting person disclaims beneficial ownership except for any pecuniary interest (F1), and American Resources Inc., which he controls, may hold securities that could be attributed to him (F2).
• Remarks: Power of attorney reference included in prior Form 4.

Context

• These are equity compensation awards intended for future vesting; no immediate change in publicly tradable shares occurred at grant. Such awards are routine for executives and reflect compensation design rather than an open-market investment decision.