ORA insider files Form 144 to sell 1,072 shares worth $91k

Ormat Technologies, Inc. (ORA) Form 144 filing discloses a planned sale of 1,072 common shares through Morgan Stanley Smith Barney on 18 June 2025.

Rhea-AI Filing Summary

Ormat Technologies, Inc. (ORA) Form 144 filing discloses a planned sale of 1,072 common shares through Morgan Stanley Smith Barney on 18 June 2025. The shares have an aggregate market value of $91,120. This represents roughly 0.0018 % of Ormat’s 60.66 million shares outstanding, indicating a very small transaction relative to overall float.

The seller, David Granot (relationship to issuer not specified in the filing), previously acquired the shares as restricted stock on 2 November 2023 (311 shares) and 9 May 2024 (761 shares). The filing also lists sales by the same individual during the last three months: 838 shares sold on 14 May 2025 for $61,176 and 112 shares sold on 13 May 2025 for $8,270.

No financial performance data or operational updates are included; the document is limited to disclosure of the proposed insider transaction under SEC Rule 144. Given the modest size of the sale, it is unlikely to have a material impact on ORA’s share price, but investors may nevertheless track insider selling trends for sentiment signals.

Positive

• None.

Negative

• Repeated insider sales: 1,072 shares planned plus 950 shares sold in May 2025 could be viewed cautiously by some investors despite the small size.

Insights

Corporate Governance Expert

TL;DR: Small Rule 144 sale; limited governance impact.

This Form 144 shows an insider planning to sell 1,072 Ormat shares worth about $91k—only 0.002 % of shares outstanding. The filing meets regulatory requirements and provides no indication of undisclosed adverse information (standard Rule 144 attestation). The transaction size is immaterial to capital structure and unlikely to influence market liquidity or control. Nonetheless, continued sales (950 shares earlier in May) may be monitored by governance-focused investors for patterns of insider disposition, even though no qualitative concerns arise from this filing alone.

Securities Analyst

TL;DR: Insider sale is minor; sentiment slightly negative.

From a trading perspective, the proposed divestiture equals roughly one day’s average trading volume for ORA and should not pressure the stock. There is no accompanying operational disclosure, so valuation drivers remain unchanged. However, insider selling—even in small blocks—can weigh modestly on sentiment when aggregated over time. Investors may compare this activity with peer insider transactions and Ormat’s historical patterns but, in isolation, the event is not a catalyst.

FAQ

What did Ormat Technologies (ORA) disclose in the latest Form 144?

The filing reveals a planned sale of 1,072 common shares worth $91,120 scheduled for 18 June 2025.

How large is the proposed insider sale relative to Ormat’s shares outstanding?

The 1,072 shares equal roughly 0.0018 % of the 60.66 million shares outstanding—an immaterial proportion.

Who is selling the shares and how were they acquired?

David Granot is the filer. The shares were obtained as restricted stock on 2 Nov 2023 (311 shares) and 9 May 2024 (761 shares).

Have there been recent sales by the same individual?

Yes. The filer sold 838 shares on 14 May 2025 for $61,176 and 112 shares on 13 May 2025 for $8,270.

Does the Form 144 include any financial or operational updates on ORA?

No. The document solely covers the proposed sale under Rule 144 and contains no earnings or operational information.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 06/18/2025 - 06:55 PM Learn about SEC filing dates

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	0001551620
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	ORMAT TECHNOLOGIES, INC.
SEC File Number	001-32347
Address of Issuer	6884 Sierra Center Pkwy Reno NEVADA 89511-2210
Phone	(775) 356-9029
Name of Person for Whose Account the Securities are To Be Sold	DAVID GRANOT
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	Director

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	1072	91120.00	60662626	06/18/2025	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	11/02/2023	Restricted Stock	Issuer			311	11/02/2023	Not Applicable
Common	05/09/2024	Restricted Stock	Issuer			761	05/09/2024	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
DAVID GRANOT 6884 Sierra Center Pkwy Reno NV 89511-2210	Common	05/14/2025	838	61176.01
DAVID GRANOT 6884 Sierra Center Pkwy Reno NV 89511-2210	Common	05/13/2025	112	8270.08

144: Remarks and Signature

Remarks
Date of Notice	06/18/2025
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	/s/ David Granot
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)