SGK 2018 Revocable Trust Acquires 147,070 Shares in PEDEVCO

SGK 2018 Revocable Trust has made a notable move in the energy sector by acquiring 147,070 shares of PEDEVCO Corp. This transaction, valued at $1,911,910, occurred on October 8, 2026, with each share priced at $13. The trust's increased stake in PEDEVCO reflects a strong confidence in the company's future and the broader energy market.

PEDEVCO Corp, which operates under the SIC classification of crude petroleum and natural gas, has seen its stock activity influenced by this acquisition. The trust's total holdings now exceed 4 million shares, positioning it as a significant player in the company.

Background

SGK 2018 Revocable Trust is a Texas-based entity, and its recent filing indicates a strategic investment in PEDEVCO Corp, a company incorporated in Texas and focused on energy production. The trust is represented by Simon Kukes, who is both a trustee and a significant owner of shares. The trust's recent filings include various reports, including Schedule 13D/A and Form 4 submissions, demonstrating ongoing engagement with its investments.

What the Filing Says

The recent filing, accession number 0001654954-26-008905, details the acquisition of 147,070 shares of common stock by SGK 2018 Revocable Trust. Following this transaction, the trust now owns a total of 4,137,543 shares of PEDEVCO Corp. The filing states, "The transaction code is P, indicating the acquisition of shares." This acquisition is part of a broader strategy to enhance the trust's position in the energy sector.

Impact

This acquisition may significantly impact both SGK 2018 Revocable Trust and PEDEVCO Corp. As a major stakeholder, the trust's confidence in PEDEVCO could influence other investors' perceptions and decisions. The energy sector, particularly crude petroleum and natural gas, may experience heightened interest as a result of this transaction.

What's Next

The filing does not say what happens next. However, continued monitoring of PEDEVCO's performance and further disclosures from SGK 2018 Revocable Trust may provide insights into future strategic moves.