Crook Jody D. 4

What Happened
Jody D. Crook, PEDEVCO Corp.'s Chief Commercial Officer, received equity awards on 2026-06-22: 16,050 time‑based Restricted Stock Units (RSUs) and 7,020 Performance‑Based Restricted Stock Units (PBRSUs). Both awards were reported as grants at $0.00 (no cash paid at grant); they are derivative awards that convert to shares upon vesting rather than open‑market purchases or sales.

Key Details

• Transaction date: 2026-06-22; Form 4 filed 2026-06-23 (timely filing). Transaction code: A (award/grant).
• Award amounts: 16,050 RSUs (time‑based) and 7,020 PBRSUs (performance‑based). Total target units = 23,070.
• Economic terms: Grants reported at $0.00 (no cash outlay at grant). PBRSUs pay out 0%–200% of target based on relative total shareholder return vs. peers, so PBRSU payout could range from 0 to 14,040 shares. Combined potential shares at vesting: 16,050 to 30,090 shares depending on PBRSU performance.
• Vesting: RSUs vest 1/3 each year on the 1st, 2nd and 3rd anniversaries of the vesting commencement date (VCD = Jan 1, 2026). PBRSUs cliff‑vest subject to performance on Dec 31, 2028, and continued service.
• Shares owned after transaction: Not stated in the provided filing.
• Other: Awards issued under the Issuer’s 2021 Equity Incentive Plan. See Form 3 Exhibit 24 Power of Attorney referenced in the filing.

Context
These are compensation awards (derivatives) rather than open‑market buying or selling. Time‑based RSUs provide a predictable, multi‑year vesting schedule; PBRSUs are performance contingent and can pay out up to 200% of target if performance metrics are met. Such grants are routine for executive compensation and do not by themselves indicate an immediate cash value until shares vest.