[144] Ormat Technologies, Inc. SEC Filing

Rhea-AI Filing Summary

Ormat Technologies, Inc. (ORA) submitted a Form 144 notice indicating a proposed sale of 7,066 shares of common stock through Morgan Stanley Smith Barney LLC on the NYSE with an aggregate market value of $669,220.86. The filing lists total shares outstanding as 60,723,470 and an approximate sale date of 08/22/2025.

The securities were acquired on 08/22/2025 via Stock Appreciation Rights from the issuer and payment is listed as cash on the same date. The filer reports no securities sold in the past three months. Several standard filer identification fields are blank in the provided text.

Positive

• Required disclosure provided: Form 144 lists class, broker, share count, aggregate value, outstanding shares, and approximate sale date.
• Acquisition method disclosed: Shares were obtained via Stock Appreciation Rights from the issuer with cash payment on the acquisition date.
• No prior recent sales: The filer reports "Nothing to Report" for securities sold in the past three months.

Negative

• Missing filer identifiers: Key filer fields (CIK/CCC and contact details) are blank or not shown in the provided excerpt.
• Date of notice not provided: The filing text does not include the specific Date of Notice in the supplied content.

Insights

Financial Analyst

TL;DR: Small, routine insider sale notice: 7,066 shares disclosed for sale via broker on 08/22/2025; no recent sales reported.

The Form 144 documents a proposed sale of common shares executed through Morgan Stanley Smith Barney LLC with explicit aggregate value and outstanding share count. The filing states the shares were acquired by Stock Appreciation Rights and paid in cash on the acquisition date. From a trading-disclosure perspective this is a standard required notice enabling the sale under Rule 144. The filing does not include transaction proceeds allocation, specific filer identity details, or the date of notice in the provided content, which limits assessment of timing relative to any trading plan.

Corporate Governance Expert

TL;DR: Complies with Rule 144 disclosure requirements but lacks some identifying fields in the excerpt provided.

The submission supplies essential sale details: class, broker, share count, market value, outstanding shares, acquisition method (Stock Appreciation Rights), and payment method (cash). This meets core transparency expectations for a notice of proposed sale. However, the excerpt omits explicit filer CIK/CCC and the date of notice, which are typical governance identifiers; their absence in the provided content restricts verification of signer identity and timing. The filing states the signer represents no undisclosed material adverse information, consistent with standard certifications on Form 144.

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	7066	669220.86	60723470	08/22/2025	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	08/22/2025	Stock Appreciation Rights	Issuer			7066	08/22/2025	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

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

What does Ormat Technologies' Form 144 (ORA) disclose about the proposed sale?

The Form 144 discloses a proposed sale of 7,066 common shares through Morgan Stanley Smith Barney LLC on the NYSE, with aggregate market value $669,220.86 and an approximate sale date of 08/22/2025.

How were the shares to be sold acquired according to the Form 144?

The shares were acquired on 08/22/2025 via Stock Appreciation Rights from the issuer, with payment listed as cash.

Does the filing report any securities sold by the filer in the past three months?

No. The filing states "Nothing to Report" for securities sold during the past three months.

Which broker is named to execute the proposed sale on the Form 144?

The broker listed is Morgan Stanley Smith Barney LLC, Executive Financial Services, 1 New York Plaza, 8th Floor, New York, NY 10004.

What information is missing or unclear in the provided Form 144 excerpt?

The excerpt does not show explicit filer identifiers such as CIK/CCC and does not include the Date of Notice in the provided text.