Crook Jody D. 4
4 · PEDEVCO CORP · Filed Mar 3, 2026
Research Summary
AI-generated summary of this filing
PEDEVCO (PED) CCO Jody Crook Converts Preferred into 45,460 Shares
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.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-02-27+45,460→ 668,345 total - Exercise/Conversion
Series A Convertible Preferred Stock
[F2]2026-02-27−4,546→ 0 total→ Common Stock (45,460 underlying)
Footnotes (2)
- [F1]On the Automatic Conversion Date (defined below), the Convertible Series A Preferred Stock converted into common stock of the Issuer automatically pursuant to its terms based on a conversion ratio of 10-for-1.
- [F2]The Convertible Series A Preferred Stock was not convertible until the expiration of the twenty calendar day period (the "Automatic Conversion Date") commencing on the distribution to the Issuer's shareholders in accordance with Rule 14c-2 of Regulation 14C promulgated under the Securities and Exchange Act of 1934, as amended, of an information statement disclosing, among other things, the approval of such conversion and related matters by the majority stockholders of the Issuer which occurred on October 31, 2025, which Automatic Conversion Date was February 27, 2026.