[144] Ormat Technologies, Inc. SEC Filing

Rhea-AI Filing Summary

Ormat Technologies, Inc. (ORA) Form 144 notice reports a proposed sale of 692 common shares by an affiliate through Morgan Stanley Smith Barney LLC on the NYSE with an aggregate market value of $65,442.44. The shares were acquired as performance shares on 03/01/2025 from the issuer, with acquisition and payment dated the same day. The filer has disclosed two prior sales by the same person on 06/18/2025 totaling 564 shares for gross proceeds of $47,187.00. The notice includes the standard representation that the seller is unaware of undisclosed material adverse information.

Insights

Securities Analyst

TL;DR: Small insider sale of performance shares; not material to ORA's capitalization given outstanding shares.

This Form 144 documents a proposed sale of 692 shares valued at $65,442.44, representing a minute fraction of the reported 60,723,470 shares outstanding. The shares were issued as performance compensation on March 1, 2025. Two prior dispositions by the same person on June 18, 2025 sold 564 shares for $47,187 in combined proceeds. From a market-impact perspective, these amounts are immaterial to overall equity supply or liquidity.

Corporate Governance Expert

TL;DR: Filing reflects routine insider monetization of earned awards and compliance with Rule 144 disclosure.

The filing shows the seller following Rule 144 procedures by notifying the market of intended sales through a broker and disclosing acquisition details and recent sales. The securities were performance-based awards from the issuer, dated March 1, 2025, and the notice contains the customary attestation regarding material nonpublic information. This is standard governance disclosure; no governance red flags are evident in the document itself.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	692	65442.44	60723470	08/22/2025	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	03/01/2025	Performance Shares	Issuer			692	03/01/2025	Not Applicable

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
JESSICA WOELFEL 6884 Sierra Center Pkwy Reno NV 89511-2210	Common	06/18/2025	313	26605.00
JESSICA WOELFEL 6884 Sierra Center Pkwy Reno NV 89511-2210	Common	06/18/2025	251	20582.00

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What shares does the ORA Form 144 cover?

The notice covers 692 common shares proposed for sale on the NYSE through Morgan Stanley Smith Barney LLC.

When were the shares to be sold acquired?

The shares were acquired as performance shares on 03/01/2025 and paid for on the same date.

What is the aggregate market value and who is the broker?

Aggregate market value is $65,442.44 and the broker is Morgan Stanley Smith Barney LLC.

Has the seller made recent sales of the issuer's stock?

Yes. The seller sold 313 and 251 shares on 06/18/2025, totaling 564 shares for $47,187.00 gross proceeds.

How large is this sale relative to outstanding shares?

The filing shows 60,723,470 shares outstanding; the proposed sale of 692 shares is a very small fraction of that total.