---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-25-000826"
form_type: "8-K"
ticker: "PED"
cik: "0001141197"
company_name: "PEDEVCO CORP"
filed_at: "2025-01-28T23:59:59+00:00"
generated_at: "2026-05-27T07:57:34.998655+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.1
calibrated_materiality_score: 0.1
confidence: "high"
source: SEC EDGAR
---

# PEDEVCO grants 1.84M restricted shares and 464K options; approves cash bonuses for officers

## Summary
- Aggregate of 1,844,118 restricted shares and options for 464,000 shares at $0.85 exercise price granted under 2021 Equity Incentive Plan.
- CEO J. Douglas Schick receives 500,000 restricted shares; Executive Chairman Simon G. Kukes receives 350,000 shares.
- Cash bonuses: CEO $130K, EVP/GC $120K, CCO $100K, CAO $50K, approved by board on Jan 23, 2025.
- Restricted shares vest in three tranches: 1/3 at 10 months, 1/3 at 22 months, 1/3 at 34 months.

## SEC filing metadata
- accession: 0001654954-25-000826
- form_type: 8-K
- ticker: PED
- cik: 0001141197
- company_name: PEDEVCO CORP
- filed_at: 2025-01-28T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.1
- calibrated_materiality_score: 0.1
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1141197/000165495425000826/0001654954-25-000826-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1141197/000165495425000826/ped_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-25-000826
- JSON: https://secwatch.observer/filing/0001654954-25-000826.json
- Plain text: https://secwatch.observer/filing/0001654954-25-000826.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.