Ormat (ORA) Form 4: Officer sold 692 shares, holds 5,234 shares

Rhea-AI Filing Summary

Jessica Woelfel, who serves as General Counsel, Chief Compliance Officer and Corporate Secretary of Ormat Technologies, Inc. (ORA), reported the sale of 692 shares of the company’s common stock in the open market on August 22, 2025 at a reported price of $94.57 per share. Following this transaction she beneficially owned 5,234 shares, held directly.

The filing is a routine Section 16 Form 4 disclosure showing an officer and director reducing a direct holding. The document contains no other transactions, derivative activity, compensation details or narrative explaining the sale.

Positive

• Timely disclosure by an officer/director satisfying Section 16 reporting obligations
• No derivatives or complex transactions reported, simplifying transparency

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Officer-director sold a modest number of shares; disclosure aligns with routine insider reporting requirements.

The Form 4 shows a single open-market sale of 692 shares at $94.57, leaving the reporting person with 5,234 shares held directly. As General Counsel and Corporate Secretary, the reporting person is a Section 16 insider and timely filed the required disclosure. There is no indication in the filing of any planned sale program or additional related-party transactions. The disclosure meets governance transparency norms but provides no insight into rationale or timing beyond the trade date.

Securities Analyst

TL;DR: Small-scale insider sale disclosed; impact on capitalization and float is immaterial based on reported amounts.

From an investor perspective, the sale of 692 shares at $94.57 is small relative to the total shares outstanding typical for a public issuer and the reporting person’s remaining 5,234-share holding. The Form 4 reports a straightforward open-market disposition with no derivatives or additional securities reported. The filing does not include any financial metrics or signal of a material change in ownership structure.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Woelfel Jessica

(Last) (First) (Middle)

C/O ORMAT TECHNOLOGIES, INC.

6884 SIERRA CENTER PARKWAY

(Street)

RENO NV 89511

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
ORMAT TECHNOLOGIES, INC. [ ORA ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	GC, CCO, and CS

3. Date of Earliest Transaction (Month/Day/Year)
08/22/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/22/2025		S(1)		692	D	$94.57	5,234	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents shares of common stock sold in the open market on August 22, 2025

	/s/ Jessica Woelfel	08/25/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Jessica Woelfel report on the Form 4 for ORA?

She reported an open-market sale of 692 shares on 08/22/2025 at $94.57 per share and now beneficially owns 5,234 shares directly.

What is Jessica Woelfel's role at Ormat Technologies (ORA)?

The filing identifies her as General Counsel, Chief Compliance Officer and Corporate Secretary, and as an officer and director.

Does the Form 4 show any derivative or option activity?

No. Table II for derivative securities shows no entries in this filing.

Was the sale part of a Rule 10b5-1 trading plan according to the filing?

The filing does not indicate that the transaction was made pursuant to a 10b5-1 plan.

How many shares does Jessica Woelfel own after the reported transaction?

She beneficially owns 5,234 shares following the sale reported on the Form 4.