Company: ZNOG
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001437749-25-009623
Chunk: 439

Company: ZION OIL & GAS INC
Filing Date: 2025-03-27
Form: 10-K
Item: Item 15
Chunk 439
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 8, 2033. The fair value of the options at the date of grant amounted to approximately $1,500. 
   
  iv.  Options to purchase 10,000 shares of Common Stock to one staff member at an exercise price of $0.01 per share. The options vested upon grant and are exercisable through  September 1, 2033. These options were granted per the provisions of the Israeli Appendix to the Plan. The fair value of the options at the date of grant amounted to approximately $600. 

     v.  Options to purchase 895,000 shares of Common Stock to five staff members and one senior officer at an exercise price of $0.01 per share. The options vested upon grant and are exercisable through  September 23, 2033. These options were granted per the provisions of the Israeli Appendix to the Plan. The fair value of the options at the date of grant amounted to approximately $60,000. 

     vi.  Options to purchase 3,350,000 shares of Common Stock to four senior officers and nine staff members at an exercise price of $0.0676 per share. The options vest on  September 23, 2024 (one year from the date of grant) and are exercisable through  September 23, 2033. The fair value of the options at the date of grant amounted to approximately $211,000, and was recognized during the years 2023 and 2024.  
     
  vii.  Options to purchase 3,600,000 shares of Common Stock to nine board members at an exercise price of $0.0676 per share. The options vest on  September 23, 2024 (one year from the date of grant) and are exercisable through  September 23, 2033. The fair value of the options at the date of grant amounted to approximately $227,000, and was recognized during the years 2023 and 2024.  
     
  viii.  Options to purchase 55,000 shares of Common Stock to three consultants at an exercise price of $0.0676 per share. The options vest on  September 23, 2024 (one year from the date of grant) and are exercisable through  September 23, 2033. The fair value of the options at the date of grant amounted to approximately $3,000, and was recognized during