[144] Ormat Technologies, Inc. SEC Filing

Rhea-AI Filing Summary

Ormat Technologies, Inc. (ORA) filing a Form 144 notifies the planned sale of 199 common shares through Morgan Stanley Smith Barney with an aggregate market value of $18,394.55, with an approximate sale date of 08/21/2025 on the NYSE. The filing states these shares were acquired on 08/21/2025 as Stock Appreciation Rights and the reported method of payment was cash.

The filer also disclosed prior sales by the same person: two transactions on 06/18/2025 totaling 1,072 shares with gross proceeds of $91,120.00. The notice includes the required representation that the seller is not aware of undisclosed material adverse information.

Positive

• Form 144 filed as required with broker, share count, value, acquisition method, and sale date disclosed
• Prior sales disclosed (two transactions on 06/18/2025 totaling 1,072 shares and $91,120.00 proceeds), enhancing transparency

Negative

• Insider selling activity is disclosed (proposed sale of 199 shares and prior sales of 1,072 shares), which some investors may view negatively

Insights

Financial Analyst

TL;DR Insider plans a small sale of 199 shares; prior sales of 1,072 shares were disclosed.

The Form 144 documents a proposed sale of 199 common shares valued at $18,394.55 to be executed through Morgan Stanley Smith Barney on 08/21/2025. The filing clarifies the securities were acquired via Stock Appreciation Rights and paid in cash. It also lists two prior sales on 06/18/2025 totaling 1,072 shares with gross proceeds of $91,120.00. For investors this is a disclosure of insider liquidity activity; the filing itself does not state any material undisclosed information.

Corporate Governance Expert

TL;DR The filing meets Rule 144 disclosure requirements and confirms the seller's attestation about undisclosed material information.

The notice includes required details: broker name and address, number of shares proposed for sale, acquisition method, acquisition and sale dates, and recent sales history by the same person. The signer affirms they do not possess undisclosed material adverse information. This is a routine compliance disclosure showing insider selling activity without additional governance disclosures.

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	199	18394.55	60723470	08/21/2025	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	08/21/2025	Stock Appreciation Rights	Issuer			199	08/21/2025	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
DAVID GRANOT 6884 Sierra Center Pkwy Reno NV 89511-2210	Common	06/18/2025	311	26435.00
DAVID GRANOT 6884 Sierra Center Pkwy Reno NV 89511-2210	Common	06/18/2025	761	64685.00

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

What does Ormat Technologies (ORA) Form 144 disclose?

The Form 144 discloses a proposed sale of 199 common shares valued at $18,394.55 through Morgan Stanley Smith Barney with an approximate sale date of 08/21/2025.

How were the 199 ORA shares acquired according to the filing?

The filing states the shares were acquired on 08/21/2025 via Stock Appreciation Rights and payment was cash.

Has the filer sold ORA shares recently?

Yes. The filing lists two sales by the same person on 06/18/2025 of 311 and 761 shares, totaling 1,072 shares and $91,120.00 in gross proceeds.

Who is the broker handling the proposed ORA sale?

The proposed sale is to be executed through Morgan Stanley Smith Barney LLC Executive Financial Services at the address provided in the filing.

Does the filer attest to possession of undisclosed material information?

Yes. By signing the notice the person represents they do not know any material adverse information about the issuer that has not been publicly disclosed.