Zion Oil & Gas (ZNOG) director and EVP receives 25,000 stock options

Q: What is the exercise price of the new Zion Oil & Gas (ZNOG) stock option grant?

The stock option has an exercise price of $0.243 per share for the underlying ZNOG common stock.

Q: When do the newly granted ZNOG stock options become exercisable and when do they expire?

The option is exercisable from 01/07/2026 and is scheduled to expire on 01/05/2036 .

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

The reporting person is a director and an officer , serving as EVP, Secretary, and Treasurer of Zion Oil & Gas Inc.

Q: What type of security was involved in this Zion Oil & Gas (ZNOG) insider filing?

The filing reports a grant of a stock option on ZNOG common stock with a par value of $0.01 per share.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Zion Oil & Gas Inc. reported an insider equity award for one of its senior leaders. A director and executive officer (EVP, Secretary and Treasurer) received a stock option covering 25,000 shares of ZNOG common stock on 01/07/2026 at an exercise price of $0.243 per share. The option is exercisable from 01/07/2026 and is scheduled to expire on 01/05/2036.

Following this grant, the reporting person directly beneficially owns 1,930,000 derivative securities, reflecting their ongoing equity-based stake in Zion Oil & Gas. Stock options give the holder the right, but not the obligation, to buy shares at the stated exercise price before the option expires.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Van Brauman Martin

Role EVP, Secretary, Treas.

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

Holdings After Transaction: ZNOG Common Stock Option — 1,930,000 shares (Direct)

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 01/07/2026 - 11:14 AM

FAQ

What insider transaction did Zion Oil & Gas (ZNOG) disclose in this Form 4?

The company reported that a director and executive officer received a stock option for 25,000 shares of ZNOG common stock on 01/07/2026.

What is the exercise price of the new Zion Oil & Gas (ZNOG) stock option grant?

The stock option has an exercise price of $0.243 per share for the underlying ZNOG common stock.

When do the newly granted ZNOG stock options become exercisable and when do they expire?

The option is exercisable from 01/07/2026 and is scheduled to expire on 01/05/2036.

How many derivative securities does the Zion Oil & Gas (ZNOG) insider own after this transaction?

After the reported transaction, the insider directly beneficially owns 1,930,000 derivative securities, including the new option grant.

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

The reporting person is a director and an officer, serving as EVP, Secretary, and Treasurer of Zion Oil & Gas Inc.

What type of security was involved in this Zion Oil & Gas (ZNOG) insider filing?

The filing reports a grant of a stock option on ZNOG common stock with a par value of $0.01 per share.

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^*

Van Brauman Martin

(Last)

(First)

(Middle)

12222 MERIT DRIVE

SUITE 1740

(Street)

DALLAS

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)
	EVP, Secretary, Treas.

3. Date of Earliest Transaction (Month/Day/Year)
01/07/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
ZNOG Common Stock Option	$0.243	01/07/2026	01/07/2026	A		25,000		01/07/2026	01/05/2036	ZNOG Common Stock Par Value $0.01	25,000	$0	1,930,000	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.

Source: View Original Filing on SEC EDGAR