Management Change/Compensation (Form 8-K)

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Appointment for a Certain Board Position

On May 6, 2026, the Board of Directors upon the recommendation by the Nominating and Corporate Governance Committee of Zion Oil & Gas appointed Mr. Robert Dunn as Chairman of the Board. He continues in the position as the Chief Executive Officer. Mr. John Brown will remain as the Executive Chairman of the Board without any change to his Employment Agreement to oversee the strategic goals and vision for the Company, while Mr. Dunn will oversee the routine operations of the Board without any change to his Employment Agreement. The executive changes are following internal company succession planning. The effective date of this appointment is May 8, 2026.

Mr. Dunn is not a party to any other material plan, contract or arrangement with the Company, nor has any other material plan, contract or arrangement to which he is a party been modified as a result of this promotion described above. In addition, Mr. Dunn does not have any familial relationships or related party transactions with the Company that would require disclosure under Items 401(d) or 404(a) of Regulation S-K (17 CFR 229.401(d) and 229.404(a)) in connection with his promotion described above.