Indonesia Energy (NASDAQ: INDO) director reports 20,000-share option position

Rhea-AI Filing Summary

Indonesia Energy Corp Ltd director Michael L. Peterson filed an initial ownership report showing he holds options to buy 20,000 ordinary shares at $2.79 per share. These options were granted on December 16, 2024, are fully vested, expire on December 16, 2034, and have not been exercised as of March 18.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

PETERSON MICHAEL L

(Last) (First) (Middle)

C/O GIESMART PLAZA 7TH FLOOR

JL. RAYA PASAR MINGGU NO. 17A

(Street)

JAKARTA 12780

(City) (State) (Zip)

UNITED STATES

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026

3. Issuer Name and Ticker or Trading Symbol
Indonesia Energy Corp Ltd [ INDO ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Options	(1)	(1)	Ordinary shares	20,000(1)	$2.79(1)	D

Explanation of Responses:

1. Represents options granted on December 16, 2024 under the Issuer's 2018 Omnibus Equity Incentive Plan to purchase 20,000 ordinary shares of the Issuer at $2.79 per share, which were fully vested and exercisable on December 16, 2024, with expiry on December 16, 2034. On March 18, such options have not been exercised.

	/s/ Michael L. Peterson	03/18/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)

FAQ

What did Michael L. Peterson report in his Form 3 for INDO?

He reported holding options to purchase 20,000 ordinary shares of Indonesia Energy Corp Ltd. The options were granted on December 16, 2024, are fully vested, and remain unexercised as of March 18 under the company’s 2018 Omnibus Equity Incentive Plan.

How many Indonesia Energy (INDO) shares do Peterson’s options cover and at what price?

Peterson’s options cover 20,000 ordinary shares of Indonesia Energy Corp Ltd at an exercise price of $2.79 per share. This means he can acquire up to 20,000 shares at that fixed price if he chooses to exercise the options before expiry.

When do Michael L. Peterson’s INDO options vest and expire?

The options were granted and became fully vested and exercisable on December 16, 2024. They carry an expiry date of December 16, 2034, giving Peterson a ten-year window from grant to decide whether to exercise and purchase the underlying ordinary shares.

Have Michael L. Peterson’s Indonesia Energy options been exercised?

As of March 18, the options reported by Peterson have not been exercised. He therefore holds a right, but not an obligation, to purchase 20,000 ordinary shares at $2.79 per share any time before the December 16, 2034 expiration date.

What equity plan governs Michael L. Peterson’s INDO option grant?

The option grant is issued under Indonesia Energy Corp Ltd’s 2018 Omnibus Equity Incentive Plan. That plan provides the framework for granting equity-based awards such as options, and in this case authorized Peterson’s fully vested right to acquire 20,000 ordinary shares at $2.79 per share.