Company: PED
Filing Date: 2025-10-31
Form Type: 10-K/A
Source: 0001654954-25-012381
Chunk: 161

Company: PEDEVCO CORP
Filing Date: 2025-10-31
Form: 10-K/A
Chunk 161
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2 Incentive Plan, to the Company’s employees, officers, directors and consultants. The 2012 Incentive Plan was amended on June 27, 2014, October 7, 2015 and December 28, 2016, December 28, 2017, September 27, 2018 and August 28, 2019 to increase by , , , , and (to currently), respectively, the number of shares of common stock reserved for issuance under the 2012 Incentive Plan. As of December 31, 2024, shares have been issued as restricted stock, and shares are subject to issuance upon exercise of issued and outstanding options. The Company is not eligible to grant any additional awards under the 2012 Incentive Plan.

Common Stock

On January 26, 2024, restricted stock awards were granted to officers and employees of the Company for an aggregate of shares of the Company’s restricted common stock, under the Company’s 2021 Plan. each subsequent year from the date of grant contingent upon the recipient’s continued service with the Company. These shares have a total fair value of $ based on the market price on the grant date.

On August 29, 2024, an aggregate of restricted stock awards were granted to two board members under the Company’s 2021 Plan. , contingent upon each recipient’s continued service with the Company. These shares have a total fair value of $, based on the market price on the grant date.

On May 24, 2024, 70,000 shares of restricted common stock were forfeited due to an employee termination. As a result, these shares were canceled, and the shares once again became eligible for future awards under the Company’s 2021 Plan.

On January 23, 2023, an aggregate of shares of restricted common stock were granted to officers of the Company under the Company’s 2021 Plan. each subsequent year from the date of grant, contingent upon the recipient’s continued service with the Company. These shares had a total fair value of $ based on the market price on the issuance date.

On August 31, 2023, an aggregate of restricted stock awards were granted to two board members under the Company’s 2021 Plan. , contingent upon each recipient’s continued service with the Company. These shares have a total fair value of $ based on the market price on the grant date.

The awarded shares above are subject to trading restrictions, and forfeiture, subject to the