Company: ZNOG
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001437749-25-009623
Chunk: 277

Company: ZION OIL & GAS INC
Filing Date: 2025-03-27
Form: 10-K
Item: Item 9A
Chunk 277
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Cancelled/Forfeited   (285,000)  1.65 
 Exercised   (150,000)  0.07 
 Outstanding, December 31, 2023   34,091,250   0.23 
         
 Changes during 2024 to:         
 Granted to employees, officers, directors and others*   210,000   0.06 
 Expired/Cancelled/Forfeited   (862,193)  1.66 
 Exercised   (538,175)  0.07 
 Outstanding, December 31, 2024   32,900,882   0.20 
 Exercisable, December 31, 2024   32,900,882   0.20 

   The aggregate intrinsic value of options exercised during 2024, and 2023 was approximately $22,000, and $4,000 respectively.
    
   The aggregate intrinsic value of the outstanding options and warrants as of  December 31, 2024, totaling 62,204,034 was approximately $2,414,000.
    
   The aggregate intrinsic value of the outstanding options and warrants as of  December 31, 2023, totaling 63,788,270 was approximately $844,000.

        F-
       22

        Zion Oil & Gas, Inc.

        Notes to Consolidated Financial Statements

   Note 6 - Stockholders’ Equity (cont’d)
    
   The following table summarizes information about stock options outstanding as of  December 31, 2024:
    
    Shares underlying outstanding options (non-vested)    Shares underlying outstanding options (fully vested)  
        Weighted                Weighted      
        average    Weighted            average    Weighted  
 Range of        remaining    Average    Range of        remaining    Average  
 exercise    Number    contractual    Exercise    exercise    Number    contractual    Exercise  
 price    outstanding    life (years)    price    price    Outstanding    life (years)    price  
 US$            US$    US$            US$  
—   —   —   —   0.01   107,500   2.