Company: ZNOG
Filing Date: 2025-04-10
Form Type: DEF 14A
Source: 0001437749-25-011641
Chunk: 27

Company: ZION OIL & GAS INC
Filing Date: 2025-04-10
Form: DEF 14A
Chunk 27
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     |       |        |     |                  |  28,578 |     |                           |  21,420 |     |       | 299,998 |
|                             |     | 2024 |     |        | 250,000 |     |       |        |     |                  |   1,873 |     |                           |  21,420 |     |       | 273,293 |

| (1) | In accordance with SEC rules, the amounts in this column reflect the fair value on the grant date of the option awards granted to the Named Executive, calculated in accordance with FASB ASC Topic 718. Stock options were valued using the Black-Scholes model. The grant-date fair value does not necessarily reflect the value of shares which may be received in the future with respect to these awards. The grant-date fair value of the stock options in this column is a non-cash expense for Zion that reflects the fair value of the stock options on the grant date and therefore does not affect our cash balance. The fair value of the stock options will likely vary from the actual value the holder receives because the actual value depends on the number of options exercised and the market price of our Common Stock on the date of exercise. For a discussion of the assumptions made in the valuation of the stock options, see Note 6 to our financial statements included in our Annual Report on Form 10-K for the year ended December 31, 2024. To see the value actually received by the Named Executive Officers in fiscal 2024, see the “Option Exercises and Stock Vested” in fiscal 2024 Table below. |

| (2) | For 2024, represents the compensation as described under the caption “All Other Compensation”, below. |

All Other Compensation

“All Other Compensation” includes various perquisites and other benefits, including, but not limited to, coverage for medical, dental, vision, disability and life insurance and vehicle allowances.

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Grant of Plan Based Awards in 2024

The table below sets forth information regarding grants of plan-based awards made to our Named Executive Officers during 2024. All grants were approved by the Compensation Committee.

| Name                   |     | Approval 
 Date     |     | Grant  
 Date   |     | Option     
 Awards:    
 Number of  
 Securities 
 Underlying 
 Options    
 (#)        |        |     | Exercise or   
 Base Price of 
 Option        
 Awards        
 ($/Share)