Indonesia Energy (INDO) CFO holds 20,000 fully vested stock options

Rhea-AI Filing Summary

Indonesia Energy Corp Ltd reported the initial holdings of its Chief Financial Officer, Gregory L. Overholtzer, in a Form 3. He holds options granted on December 16, 2024 to purchase 20,000 ordinary shares at $2.79 per share under the 2018 Omnibus Equity Incentive Plan. These options were fully vested and exercisable on the grant date, expire on December 16, 2034, and had not been exercised as of March 18, 2026.

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^*

Overholtzer Gregory 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)

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

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/ Gregory L. Overholtzer	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 insider position does Indonesia Energy (INDO) report in this Form 3?

Indonesia Energy reports that its Chief Financial Officer, Gregory L. Overholtzer, holds options to purchase 20,000 ordinary shares. These options are reported as a derivative security position, providing transparency into his equity-based compensation and potential future share ownership.

How many Indonesia Energy (INDO) shares are covered by the CFO’s options?

The CFO holds options covering 20,000 ordinary shares of Indonesia Energy. This entire amount was granted in a single award and represents the number of shares he can acquire by exercising the options, subject to the option terms and expiry date.

What is the exercise price of the Indonesia Energy (INDO) CFO’s options?

The options held by the CFO have an exercise price of $2.79 per share. This means he can purchase Indonesia Energy ordinary shares at $2.79 each if he chooses to exercise the options before they expire on December 16, 2034.

When were the Indonesia Energy (INDO) CFO’s options granted and when do they expire?

The options were granted on December 16, 2024 and expire on December 16, 2034. This ten-year term defines the window during which the CFO may exercise the options to purchase ordinary shares at the fixed exercise price.

Are the Indonesia Energy (INDO) CFO’s options currently vested and exercisable?

Yes. The options were fully vested and exercisable on December 16, 2024, the grant date. However, as of March 18, 2026, the filing notes that these options had not yet been exercised, so no ordinary shares have been acquired through this award.

Under which plan were the Indonesia Energy (INDO) CFO’s options granted?

The options were granted under Indonesia Energy’s 2018 Omnibus Equity Incentive Plan. This plan governs equity-based awards such as options and is used to compensate executives with potential share ownership aligned with the company’s long-term performance.