Ormat Technologies insider plans modest $130K share sale (Form 144)

Rhea-AI Filing Summary

Form 144 Overview: An unidentified affiliate of Ormat Technologies, Inc. (ORA) has filed a Form 144 indicating an intention to sell 1,500 shares of the company’s common stock. The filing is a notice rather than a confirmation of sale and pertains to Rule 144 under the Securities Act of 1933.

Key Details

• Shares to be sold: 1,500 common shares
• Estimated market value: US $129,600.75
• Broker: Morgan Stanley Smith Barney LLC, Executive Financial Services, New York
• Planned sale date: on or about 24 June 2025
• Exchange: NYSE
• Total shares outstanding: 60,662,626; proposed sale equals roughly 0.0025 % of the float—an immaterial level.

Acquisition History of the Shares

• 358 restricted shares acquired 01 Mar 2023
• 90 restricted shares acquired 31 Dec 2023
• 1,052 restricted shares acquired 31 Dec 2022

No sales were reported by the filer in the past three months, and the form states that the filer is not in possession of any undisclosed material adverse information about the company. Because the proposed transaction represents a very small fraction of outstanding shares, market impact is expected to be negligible. Nevertheless, investors often monitor Form 144 filings as signals of insider sentiment and potential liquidity events.

Positive

• None.

Negative

• Insider intends to sell 1,500 shares (~0.0025% of outstanding), which may be interpreted as a mild negative signal of insider sentiment despite its immaterial size.

Insights

Corporate Governance Expert

TL;DR: Insider plans to sell 1,500 ORA shares (~0.0025% float); signaling minimal impact, but insider sentiment worth noting.

The Form 144 indicates an affiliate’s intent to dispose of a modest block of Ormat Technologies stock. Quantitatively, 1,500 shares valued at roughly $130k are immaterial against a 60.7 million-share base, suggesting virtually no dilution or price pressure. Qualitatively, any insider sale can raise questions on confidence levels, yet the restricted-stock origin ties the shares to normal vesting rather than discretionary open-market accumulation, tempering concerns. No prior three-month sales and the required affirmation of no undisclosed adverse information further reduce red flags. Overall, the filing is routine, with neutral governance implications for investors.

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	1500	129600.75	60662626	06/24/2025	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	03/01/2023	Restricted Stock	Issuer			358	03/01/2023	Not Applicable
Common	12/31/2023	Restricted Stock	Issuer			90	12/31/2023	Not Applicable
Common	12/31/2022	Restricted Stock	Issuer			1052	12/31/2022	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

Nothing to Report

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

How many Ormat Technologies (ORA) shares are proposed for sale in the Form 144?

1,500 common shares are listed for potential sale.

What is the approximate market value of the ORA shares to be sold?

The filing values the block at $129,600.75.

When is the planned sale date for the ORA shares?

The filer cites an approximate sale date of 24 June 2025.

Which broker is handling the potential insider sale?

The shares are to be sold through Morgan Stanley Smith Barney LLC.

What percentage of Ormat Technologies’ outstanding shares does the 1,500-share block represent?

Roughly 0.0025 % of the 60,662,626 shares outstanding.

Were any ORA shares sold by this insider in the past three months?

The filing reports "Nothing to Report" for the prior three-month period.