Company: ZNOG
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001437749-25-009623
Chunk: 849

Company: ZION OIL & GAS INC
Filing Date: 2025-03-27
Form: 10-K
Item: Item 2
Chunk 849
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,000 shares of Common Stock at an exercise price of $0.01 per share. The options vested upon grant and are exercisable through  January 4, 2035. 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 $2,000.
    
   (ii) On  January 4, 2025, the Company granted options under the 2021 Omnibus Incentive Plan to five senior officers and two staff members to purchase 175,000 shares of Common Stock at an exercise price of $0.10 per share. The options vested upon grant and are exercisable through  January 4, 2035. The fair value of the options at the date of grant amounted to approximately $15,000.
    
   (iii) Approximately $5,315,000, inclusive of $650,000 from the exercise of warrants, was collected through the Company’s DSPP program during the period  January 1, 2025 through  March 26, 2025.
    
   The Company has evaluated subsequent events through  March 12, 2025, the date the financial statements were available to be issued. Except as disclosed above, no other events have occurred that would require adjustment to or disclosure in these financial statements.

      F-48