Zion Oil & Gas (ZNOG) GC reports 25,000 stock option grant

Rhea-AI Filing Summary

Zion Oil & Gas, Inc. (ZNOG) officer and General Counsel Martin M. Van Brauman reported receiving a grant of stock options. On 01/06/2026, he acquired 25,000 ZNOG common stock options with an exercise price of $0.243 per share. These options are exercisable starting 01/06/2026 and expire on 01/05/2036, and each option is linked to one share of ZNOG common stock with a par value of $0.01. Following this grant, he beneficially owns 1,790,000 derivative securities directly.

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
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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^*

Avery William H

(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)

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

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	1,790,000	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 Zion Oil & Gas (ZNOG) disclose?

Zion Oil & Gas disclosed that its General Counsel, Martin M. Van Brauman, acquired 25,000 stock options for ZNOG common stock on 01/06/2026.

What are the key terms of the new ZNOG stock options?

The new options cover 25,000 shares of ZNOG common stock, have an exercise price of $0.243 per share, became exercisable on 01/06/2026, and expire on 01/05/2036.

Who received the stock options reported for Zion Oil & Gas (ZNOG)?

The options were granted to Martin M. Van Brauman, an officer of Zion Oil & Gas serving as General Counsel (GC).

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

After the reported transaction, the insider beneficially owns 1,790,000 derivative securities related to ZNOG, held directly.

What type of security underlies the reported ZNOG options?

The options are tied to ZNOG common stock with a par value of $0.01 per share, with 25,000 underlying shares for this specific grant.

Was the reported Zion Oil & Gas (ZNOG) transaction a purchase or a grant of options?

The filing shows a transaction code of "A", indicating an acquisition of 25,000 stock options rather than an open-market sale of shares.