Zion Oil & Gas (ZNOG) VP and director reports 25,000-share option grant

Rhea-AI Filing Summary

Zion Oil & Gas, Inc. director and vice president Martin M. Van Brauman reported an equity award on Form 4. On January 6, 2026, he acquired an option to purchase 25,000 shares of ZNOG common stock at an exercise price of $0.243 per share. The option becomes exercisable on January 6, 2026 and expires on January 5, 2036, giving him the right to buy shares over a long period. Following this transaction, he beneficially owns 1,965,000 derivative securities directly.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Russell Lee R

Role VP

Type	Security	Shares	Price	Value
Grant/Award	ZNOG Common Stock Option	25,000	$0.00	--

Holdings After Transaction: ZNOG Common Stock Option — 1,965,000 shares (Direct)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Russell Lee R

(Last) (First) (Middle)

12222 MERIT DRIVE

SUITE 1450

(Street)

DALLAS TX 75251

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
ZION OIL & GAS INC [ ZNOG ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
01/06/2026

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

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 Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
ZNOG Common Stock Option	$0.243	01/06/2026	01/06/2026	A		25,000		01/06/2026	01/05/2036	ZNOG Common Stock Par Value $0.01	25,000	$0	1,965,000	D

Explanation of Responses:

	/s/ Martin M. Van Brauman	01/07/2026
	** 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 4 (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.

FAQ

What insider transaction did ZNOG report for Martin M. Van Brauman?

Martin M. Van Brauman, a director and vice president of Zion Oil & Gas, Inc. (ZNOG), reported acquiring a stock option on January 6, 2026.

How many ZNOG shares are covered by the new stock option?

The reported option gives Martin M. Van Brauman the right to purchase 25,000 shares of ZNOG common stock.

What is the exercise price and term of the ZNOG option grant?

The option has an exercise price of $0.243 per share, is exercisable starting January 6, 2026, and expires on January 5, 2036.

How many derivative securities does the ZNOG insider own after this transaction?

After the option grant, Martin M. Van Brauman beneficially owns 1,965,000 derivative securities related to ZNOG, held directly.

What roles does the reporting person hold at Zion Oil & Gas (ZNOG)?

The reporting person is both a director and an officer of Zion Oil & Gas, Inc., with the officer title listed as VP.

What SEC form was used to report this ZNOG insider transaction?

The transaction was reported on Form 4, which discloses changes in beneficial ownership by company insiders.