Jeffrey Moskowitz - Jan 25, 2022 Form 4 Insider Report for ZION OIL & GAS INC (ZNOG)

Role: SVP of Israel Branch, Director
Signature: Martin M. Van Brauman
Stock symbol: ZNOG
Transactions as of: Jan 25, 2022
Transactions value $: $0
Form type: 4
Date filed: 1/27/2022, 09:11 AM
Previous filing: Jul 19, 2021
Next filing: Apr 25, 2022

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	ZNOG	ZNOG Common Stock Options	Award	$0	+200K	+33.06%	$0.00	805K	Jan 25, 2022	ZNOG Common Stock Par Value $0.01	200K	$0.01	Direct

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Remarks:

Because of COVID, the execution of the stock option agreement occurred on 1/25/22, the transaction date. The option/shares have a 2-year lockup period per Israeli law and require exercise price of $0.01 and immediate vesting to enter Israeli Plan.