Indonesia Energy (INDO) CTO discloses ordinary share and option holdings

Rhea-AI Filing Summary

Indonesia Energy Corp Ltd executive Wu Chia Hsin, the Chief Technology Officer, reported his equity holdings in a Form 3. He directly owns 45,545 ordinary shares and holds fully vested options to purchase 50,000 ordinary shares at $11.00 per share and another 50,000 ordinary shares at $2.79 per share. According to the disclosure, as of March 19, 2026 these options remain unexercised, providing substantial potential additional ownership if exercised before their respective expirations in 2029 and 2034.

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^*

Wu Chia Hsin

(Last) (First) (Middle)

C/O GIESMART PLAZA 7TH FLOOR

JL. RAYA PASAR MINGGU NO. 17A

(Street)

JAKARTA 12780

(City) (State) (Zip)

INDONESIA

(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)

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

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)
Ordinary shares	45,545(1)	D

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	(2)	(2)	Ordinary shares	50,000(2)	$11(2)	D
Options	(3)	(3)	Ordinary shares	50,000(3)	$2.79(3)	D

Explanation of Responses:

1. Represent the number of ordinary shares held of record by the reporting person.

2. Represents options granted on February 1, 2019 under the Issuer's 2018 Omnibus Equity Incentive Plan to purchase 50,000 ordinary shares of the Issuer at $11.00 per share, which were fully vested and exercisable on December 23, 2022, with expiry on February 1, 2029. On March 19, 2026, such options have not been exercised.

3. Represents options granted on December 16, 2024 under the Issuer's 2018 Omnibus Equity Incentive Plan to purchase 50,000 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 19, 2026, such options have not been exercised.

	/s/ Chia Hsin Wu	03/19/2026
	** 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 insider position does Wu Chia Hsin hold at Indonesia Energy (INDO)?

Wu Chia Hsin serves as Chief Technology Officer of Indonesia Energy Corp Ltd. His Form 3 identifies him as an officer, not a director or 10% owner, and details his direct holdings of ordinary shares and stock options in the company.

How many Indonesia Energy (INDO) ordinary shares does the CTO directly own?

The CTO, Wu Chia Hsin, directly owns 45,545 ordinary shares of Indonesia Energy. A footnote explains this figure represents the number of ordinary shares held of record by the reporting person as of the Form 3 disclosure date.

What stock options in Indonesia Energy (INDO) does the CTO hold at $11.00?

Wu Chia Hsin holds options to purchase 50,000 ordinary shares at $11.00 per share. These options were granted on February 1, 2019, became fully vested and exercisable on December 23, 2022, and expire on February 1, 2029 if not exercised.

What are the terms of the CTO’s $2.79 Indonesia Energy (INDO) stock options?

He also holds options to purchase 50,000 ordinary shares at $2.79 per share. Granted on December 16, 2024, these options were fully vested and exercisable on that same date and will expire on December 16, 2034 if not exercised.

Have Indonesia Energy (INDO) CTO stock options reported in the Form 3 been exercised?

No. The footnotes state that, as of March 19, 2026, both the 50,000-share option grant at $11.00 and the 50,000-share grant at $2.79 remain unexercised, even though they are fully vested and exercisable.

Under which plan were the Indonesia Energy (INDO) options granted to the CTO?

Both option grants to Wu Chia Hsin were issued under Indonesia Energy’s 2018 Omnibus Equity Incentive Plan. Each grant covers 50,000 ordinary shares at a specified exercise price and includes long-dated expiration terms extending to 2029 and 2034.