[144] Ormat Technologies, Inc. SEC Filing

Rhea-AI Filing Summary

Ormat Technologies, Inc. (ORA) filed a Form 144 indicating a proposed insider sale of common stock.

The filing covers 564 shares valued at $47,187 (based on the market price as of the filing) to be executed through Morgan Stanley Smith Barney LLC on or after 18 June 2025 on the NYSE. The shares represent approximately 0.0009 % of the company’s 60,662,626 shares outstanding, signalling an immaterial percentage of equity.

The seller acquired the shares on 18 June 2025 via Stock Appreciation Rights and will pay cash upon exercise. The same individual—identified in the past-3-month sales table as Jessica Woelfel—has already sold 170 shares on 25 March 2025, generating gross proceeds of $12,165.20.

No earnings data, strategic transactions or material corporate developments are disclosed; the form is strictly a notice of intent to sell securities. Given the negligible size relative to the public float, the transaction is unlikely to affect liquidity, control, or valuation for current investors.

Insights

Securities Analyst

TL;DR: Small Form 144—564 ORA shares (~$47k); negligible 0.0009 % float—market impact neutral.

This Form 144 simply notifies a prospective insider sale of 564 Ormat Technologies shares. With 60.7 million shares outstanding, the trade is immaterial, unlikely to pressure share price or signal strategic intent. The prior 170-share sale also appears routine. No red flags such as executive exodus, litigation, or guidance changes accompany the filing. Overall, I classify the disclosure as housekeeping rather than a catalyst.

Corporate Governance Expert

TL;DR: Routine insider trade filing, complies with Rule 144; no governance concerns detected.

Rule 144 requires insiders to pre-notify sales exceeding de minimis thresholds. The filer provides broker details, acquisition method (SARs), and attests to non-possession of undisclosed MNPI, indicating procedural compliance. The absence of 10b5-1 plan adoption date suggests discretionary timing but the share count is minimal, limiting any governance implications. I view the event as standard compliance with no adverse signals.

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	564	47187.00	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	06/18/2025	Stock Appreciation Rights	Issuer			564	06/18/2025	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
JESSICA WOELFEL 6884 Sierra Center Pkwy Reno NV 89511-2210	Common	03/25/2025	170	12165.20

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

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

How many Ormat Technologies (ORA) shares are being sold under this Form 144?

The filing covers 564 common shares of Ormat Technologies.

What is the market value of the proposed ORA share sale?

The aggregate market value disclosed is approximately $47,187.

What percentage of Ormat Technologies' outstanding shares does the sale represent?

About 0.0009 % of the company’s 60,662,626 shares outstanding.

Who is the broker handling the ORA stock sale?

The broker is Morgan Stanley Smith Barney LLC.

Has the insider sold Ormat Technologies shares recently?

Yes, the same individual sold 170 shares on 25 March 2025 for $12,165.20 in gross proceeds.