Was Dafna Sharir’s Ormat (ORA) share sale part of a Rule 10b5-1 plan?

Yes. The 883 Ormat common shares sold on May 11, 2026, were transacted pursuant to a Rule 10b5-1 trading plan. The plan was adopted by Dafna Sharir on November 18, 2025, indicating the sale was pre-scheduled rather than opportunistic.

Director at Ormat (NYSE: ORA) sells shares under 10b5-1 plan

Filing Impact

(Moderate)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Ormat Technologies director Dafna Sharir reported a combination of equity vesting and a small share sale. On May 7, 2026, 1,766 Restricted Stock Units vested, converting into the same number of Ormat common shares. On May 11, 2026, she then sold 883 common shares in an open-market transaction at $122.44 per share, executed under a pre-arranged Rule 10b5-1 trading plan adopted on November 18, 2025. Following these transactions, Sharir directly holds 3,140 shares of Ormat common stock.

Insider Trade Summary 10b5-1

Net Seller: 883 shares ($108,115)

Net Sell 3 txns

Insider SHARIR DAFNA

Role null

Sold 883 shs ($108K)

Type	Security	Shares	Price	Value
Sale	Common Stock	883	$122.44	$108K
Exercise	Restricted Stock Units	1,766	$0.00	--
Exercise	Common Stock	1,766	$0.00	--

Holdings After Transaction: Common Stock — 3,140 shares (Direct, null); Restricted Stock Units — 0 shares (Direct, null)

Footnotes (1)

Each Restricted Stock Unit ("RSU") represents the right to receive one share of ORA common stock upon vesting. On May 7, 2026, the first-year anniversary of the grant, 100% of the Restricted Stock Units vested. Represents shares of common stock sold in the open market on May 11, 2026, pursuant to a 10b5-1 Plan adopted by the reporting person on 11/18/2025.

Key Figures

Shares sold: 883 shares Sale price: $122.44 per share RSUs vested: 1,766 units +3 more

6 metrics

Shares sold 883 shares Open-market sale on May 11, 2026

Sale price $122.44 per share Average price for 883-share sale

RSUs vested 1,766 units RSUs vesting on May 7, 2026

Shares from RSU conversion 1,766 shares Each RSU converts into one common share

Shares held after transactions 3,140 shares Directly owned following May 11, 2026 sale

Net share change -883 shares Net buy/sell direction from transaction summary

Key Terms

Restricted Stock Units, Rule 10b5-1 Plan, open market, derivative exercise/conversion

4 terms

Restricted Stock Units financial

"Each Restricted Stock Unit ("RSU") represents the right to receive one share"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

Rule 10b5-1 Plan regulatory

"sold in the open market ... pursuant to a 10b5-1 Plan adopted"

A Rule 10b5-1 plan is a prearranged, written schedule that lets corporate insiders buy or sell company stock at set times or amounts, even if they later learn material nonpublic information. Think of it like setting an automatic thermostat for trades: it creates a clear record that trades were planned in advance, reducing the risk of insider-trading accusations and helping investors trust that insider transactions are routine rather than based on secret information.

open market financial

"Represents shares of common stock sold in the open market on May 11, 2026"

An open market is a system where buying and selling of goods, services, or financial assets happen freely without restrictions or special controls. For investors, it means they can trade assets easily and quickly, which helps determine fair prices based on supply and demand. This environment encourages transparency and competition, making it easier to buy or sell with confidence.

derivative exercise/conversion financial

"transaction_action": "derivative exercise/conversion""

Form 4 Insider Transactions: What Each Field Means →

05/11/2026 - 07:00 PM

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

SHARIR DAFNA

(Last)

(First)

(Middle)

C/O ORMAT TECHNOLOGIES, INC.

6884 SIERRA CENTER PARKWAY

(Street)

RENO

NEVADA

89511

(City)

(State)

(Zip)

UNITED STATES

(Country)

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

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

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/07/2026

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

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

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

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	05/07/2026		M⁽¹⁾⁽²⁾		1,766	A	$0	4,023	D
Common Stock	05/11/2026		S⁽³⁾		883	D	$122.44	3,140	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units	⁽¹⁾	05/07/2026		M			1,766	⁽²⁾	⁽²⁾	Common Stock	1,766	$0	0	D

Explanation of Responses:

1. Each Restricted Stock Unit ("RSU") represents the right to receive one share of ORA common stock upon vesting.

2. On May 7, 2026, the first-year anniversary of the grant, 100% of the Restricted Stock Units vested.

3. Represents shares of common stock sold in the open market on May 11, 2026, pursuant to a 10b5-1 Plan adopted by the reporting person on 11/18/2025.

	/s/ Jessica Woelfel, as attorney-in-fact	05/11/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did Ormat (ORA) director Dafna Sharir report?

Dafna Sharir reported RSU vesting and a small share sale. 1,766 Restricted Stock Units vested into common shares on May 7, 2026, and she later sold 883 shares on May 11, 2026, in an open-market transaction.

How many Ormat (ORA) shares did Dafna Sharir sell and at what price?

She sold 883 Ormat common shares at an average price of $122.44 per share. The transaction was an open-market sale and was carried out under a pre-arranged Rule 10b5-1 trading plan adopted in November 2025.

What happened to Dafna Sharir’s Restricted Stock Units in Ormat (ORA)?

All 1,766 of her Restricted Stock Units vested on May 7, 2026, at the first anniversary of the grant. Each RSU converted into one share of Ormat common stock, increasing her direct share ownership before the subsequent sale.

How many Ormat (ORA) shares does Dafna Sharir hold after these transactions?

After the RSU vesting and the 883-share sale, Dafna Sharir directly holds 3,140 shares of Ormat common stock. This figure reflects her remaining position as reported following the May 11, 2026 transaction.