[144] Ormat Technologies, Inc. SEC Filing

Rhea-AI Filing Summary

Ormat Technologies, Inc. (NYSE: ORA) has filed a Form 144 notice for a small planned insider sale. Director Byron G. Wong intends to sell 460 common shares through Morgan Stanley Smith Barney LLC on or after 06/27/2025. The filing discloses an aggregate market value of $38,658.40, based on the most recent market price at the time of filing.

The shares represent less than 0.001% of the company’s 60,662,626 outstanding shares, indicating an immaterial potential impact on the public float. The securities were acquired on 08/02/2024 via a cash-paid option exercise. No other sales by the reporting person occurred in the past three months, and the signer attests to possessing no undisclosed material information about the company.

Because Form 144 is only a notice of intent, the transaction may or may not ultimately take place. However, the filing satisfies SEC Rule 144 requirements for affiliates who may sell restricted or controlled securities.

Positive

• None.

Negative

• Insider intends to sell shares, which some investors may view cautiously, although the amount is insignificant.

Insights

Financial Analyst

TL;DR — Minor insider sale (460 ORA shares); negligible dilution or price impact expected.

The proposed sale equates to roughly 0.0008% of Ormat’s shares outstanding—a de-minimis volume unlikely to influence liquidity or valuation. The transaction follows a routine option exercise and is scheduled nearly a year ahead, providing transparency under Rule 144. From a capital-markets perspective, this filing is routine and non-material; there is no accompanying update on operations, earnings, or guidance.

Corporate Governance Expert

TL;DR — Standard Rule 144 disclosure; governance risk minimal.

Director Byron Wong’s planned sale is well within regulatory limits and is disclosed well in advance, aligning with best-practice governance. The absence of other recent insider sales and explicit affirmation of no undisclosed adverse information reduces concern of informational asymmetry. While any insider selling can be interpreted cautiously by investors, the scale and timing here point to routine portfolio management rather than a negative signal.

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	0001712082
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	BYRON G WONG
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	460	38658.40	60662626	06/27/2025	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	08/02/2024	Exercised Shares	Issuer			460	08/02/2024	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

Nothing to Report

144: Remarks and Signature

Remarks
Date of Notice	06/27/2025
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/ Byron G. Wong
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

How many ORA shares does Director Byron G. Wong plan to sell?

460 common shares according to the Form 144 filing.

What is the aggregate market value of the planned ORA share sale?

The filing lists an approximate value of $38,658.40.

When is the earliest sale date disclosed in the Form 144 for ORA?

The proposed sale may occur on or after 06/27/2025.

What percentage of Ormat Technologies’ outstanding shares does 460 shares represent?

Less than 0.001% of the 60,662,626 shares outstanding.

How did the insider acquire the shares to be sold?

The shares were acquired via a cash-paid option exercise on 08/02/2024.