[Form 4] ZION OIL & GAS INC Insider Trading Activity

Rhea-AI Filing Summary

A director of Zion Oil & Gas, Inc. reported an insider stock transaction involving the company’s common shares.

On 12/17/2025, the director acquired 25,000 shares of ZNOG common stock at $0.0676 per share, bringing direct ownership to 75,558 shares held directly. The filing also lists a ZNOG Common Stock Option with an exercise price of $0.0676, shown as exercisable from 09/22/2023 and expiring on 09/22/2033, tied to 25,000 underlying shares, with 357,000 derivative securities beneficially owned directly after the transaction.

Insider Trade Summary

Net Buyer: 25,000 shares

Net Buy 2 txns

Insider Putra Pandji Christiaan

Role Director

Type	Security	Shares	Price	Value
Exercise	ZNOG Common Stock Option	25,000	$0.00	$0.00
Exercise	ZNOG Common Stock	25,000	$0.0676	$2K

Holdings After Transaction: ZNOG Common Stock Option — 357,000 shares (Direct); ZNOG Common Stock — 75,558 shares (Direct)

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 12/18/2025 - 11:28 AM Learn about SEC filing dates

FAQ

What insider transaction was reported for Zion Oil & Gas (ZNOG)?

A director of Zion Oil & Gas reported an insider transaction in the company’s common stock, reflecting activity in both common shares and a stock option.

How many Zion Oil & Gas (ZNOG) shares did the director acquire and at what price?

The director acquired 25,000 shares of ZNOG common stock at a price of $0.0676 per share on 12/17/2025.

How many Zion Oil & Gas (ZNOG) shares does the director own after this transaction?

Following the reported transaction, the director beneficially owns 75,558 shares of ZNOG common stock, held directly.

What stock option position is reported for the Zion Oil & Gas (ZNOG) director?

The filing lists a ZNOG Common Stock Option with an exercise price of $0.0676, covering 25,000 underlying shares and shown with 357,000 derivative securities beneficially owned directly after the transaction.

When are the Zion Oil & Gas (ZNOG) stock options exercisable and when do they expire?

The ZNOG Common Stock Option is shown as exercisable from 09/22/2023 and expiring on 09/22/2033, based on the dates provided.

Was the Zion Oil & Gas (ZNOG) insider transaction filed by more than one reporting person?

No. The form indicates it was filed by one reporting person, rather than by more than one reporting person.

What is the reporting person’s relationship to Zion Oil & Gas (ZNOG)?

The reporting person is identified as a Director of Zion Oil & Gas, Inc., with that relationship box checked on the form.

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^*

Putra Pandji Christiaan

(Last) (First) (Middle)

12222 MERIT DRIVE, SUITE 1740

(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
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
12/17/2025

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
ZNOG Common Stock	12/17/2025	12/17/2025	M		25,000	A	$0.0676	75,558	D

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	$0.0676	12/17/2025	12/17/2025	M			25,000	09/22/2023	09/22/2033	ZNOG Common Stock Par Value $0.01	25,000	$0	357,000	D

Explanation of Responses:

	/s/ Martin M. Van Brauman	12/18/2025
	** 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.