ORA insider notice: 4,550 common shares to be sold via Morgan Stanley

Rhea-AI Filing Summary

Ormat Technologies (ORA) submitted a Form 144 notice for a proposed sale of 4,550 common shares through Morgan Stanley Smith Barney, with an aggregate market value of $407,262.31. The sale is listed as occurring on the NYSE with an approximate sale date of 08/13/2025, and the issuer's outstanding shares are shown as 60,723,470.

The filing states these securities were acquired on 08/13/2025 as Stock Appreciation Rights from the issuer and were to be paid in cash. The form also lists prior disposals by Shimon Hatzir on 06/24/2025: 1,052 shares for $90,893.33, 90 shares for $7,776.05, and 358 shares for $30,931.38.

The filer attests they are not aware of any material nonpublic information about the issuer at the time of the notice.

Insights

Financial Analyst

TL;DR: Routine Form 144—insider notice to sell 4,550 ORA shares totaling ~$407k; prior June sales disclosed; no material market-moving detail.

This Form 144 documents a proposed block sale of 4,550 common shares via Morgan Stanley Smith Barney with an indicated market value of $407,262.31 on the NYSE around 08/13/2025. The shares are shown as acquired via Stock Appreciation Rights from the issuer and to be paid in cash. The filing also discloses three prior sales by Shimon Hatzir on 06/24/2025 with stated gross proceeds. For investors, this is a regulatory disclosure of insider selling rather than new operational or financial information.

Corporate Governance Expert

TL;DR: Disclosure meets Rule 144 notice requirements; includes acquisition source and recent insider dispositions, with standard attestation about material nonpublic information.

The filing specifies the nature of acquisition (Stock Appreciation Rights from the issuer), payment method (cash), broker details, and prior insider sales, which are the critical elements required for transparency under Rule 144. The form contains the standard representation that the seller is unaware of undisclosed material adverse information. This is a compliance-focused filing and does not itself indicate corporate governance events beyond routine insider disposition reporting.

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	4550	407262.31	60723470	08/13/2025	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	08/13/2025	Stock Appreciation Rights	Issuer			4550	08/13/2025	Cash

* 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
SHIMON HATZIR 6884 Sierra Center Pkwy Reno NV 89511-2210	Common	06/24/2025	1052	90893.33
SHIMON HATZIR 6884 Sierra Center Pkwy Reno NV 89511-2210	Common	06/24/2025	90	7776.05
SHIMON HATZIR 6884 Sierra Center Pkwy Reno NV 89511-2210	Common	06/24/2025	358	30931.38

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)