Company: ZNOG
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001437749-25-009623
Chunk: 281

Company: ZION OIL & GAS INC
Filing Date: 2025-03-27
Form: 10-K
Item: Item 9A
Chunk 281
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0.92 
—   —   —   —   1.38   96,557   0.01   1.38 
—   —       —   0.01 - 1.38   32,900,882       0.20 

        F-
       23

        Zion Oil & Gas, Inc.

        Notes to Consolidated Financial Statements

   Note 6 - Stockholders’ Equity (cont’d)
    
   Granted to employees
    
   The following table sets forth information about the weighted-average fair value of options granted to employees and directors during the year, using the Black Scholes option-pricing model and the weighted-average assumptions used for such grants:

       For the year ended  
   December 31,  
   2024    2023  
 Weighted-average fair value of underlying stock at grant date   0.07   0.07 
 Dividend yields   —   — 
 Expected volatility   133% - 134%   135% - 137% 
 Risk-free interest rates   3.71% - 3.97%   3.85% - 4.61% 
 Expected life (in years)   5.00   5.00 - 5.50 
 Weighted-average grant date fair value   0.07   0.06 

   Granted to non-employees
    
   The following table sets forth information about the weighted-average fair value of options granted to non-employees during the year, using the Black Scholes option-pricing model and the weighted-average assumptions used for such grants:

       For the year ended  
   December 31,  
   2024    2023  
 Weighted-average fair value of underlying stock at grant date   —   0.07 
 Dividend yields   —   — 
 Expected volatility   —   134%
 Risk-free interest rates   —   4.61%
 Expected life (in years)   —   10 
 Weighted-average grant date fair value   —   0.06 

        F-
       24

        Zion Oil & Gas, Inc.

        Notes to Consolidated Financial Statements

   Note 6 - Stockholders’ Equity (cont’d)
    
   The risk-free interest rate is based on the U