Company: ZNOG
Filing Date: 2025-03-28
Form Type: PRE 14A
Source: 0001437749-25-009798
Chunk: 26

Company: ZION OIL & GAS INC
Filing Date: 2025-03-28
Form: PRE 14A
Chunk 26
---
 Compliance Officer as determined by them in their sole discretion.

Insider Trading Policies

The company has adopted insider trading policies and procedures applicable to directors, officers and employees. There are no Rule 10b5-1 trading plans in effect and there are no policies and practices regarding the timing of stock options and stock appreciation right (SAR) awards, other than stock option awards per officer employment agreements. While the company is not subjected to the insider trading policy, the company does not trade in its securities when it is in possession of material nonpublic information other than pursuant to previously adopted Rule 10b5-1 trading plans.

Conclusion

We believe that the compensation provided to our executive officers is reasonable and appropriate to facilitate the achievement of our long-term objectives. The compensation programs and policies that our Compensation Committee has designed incentivize our executive officers to perform at a level necessary to achieve our desired objectives. We believe that the various elements of compensation combine to align the best interests of our executive officers with our stockholders and our company in order to maximize stockholder value.

<div align='center'>16

COMPENSATION COMMITTEE
REPORT ON EXECUTIVE COMPENSATION</div>

The Compensation Committee has reviewed and discussed the Compensation Discussion and Analysis required by Item 402(b) of Regulation S-K with management and based on such review and discussions, the Compensation Committee recommended to the Board on March 17, 2025 that the Compensation Discussion and Analysis be included in this proxy statement.

| The Compensation Committee |
| Sarah Caygill (Chair)      |
| Javier Mazón               |
| Kent Siegel                |

<div align='center'>17

EXECUTIVE COMPENSATION</div>

The following table sets forth the total compensation received for services rendered in all capacities to our Company for the last three fiscal years, which was awarded to, earned by, or paid to our Executive Chairman, Chief Executive Officer, Chief Financial Officer and President.

| Name and Principal Position |     | Year |     | Salary |         |     | Bonus |        |     | Option Awards(1) |         |     | All Other Compensation(2) |         |     | Total |         |
| John M. Brown,              |     | 2022 |     |        | 231,000 |     |       | 30,000 |     |                  | 146,280 |     |                           | 108,162 |     |       | 515,442 |
| Executive Chairman          |     | 2023 |     |