Ormat Technologies (ORA) GC Jessica Woelfel gains stock via RSU vesting

Rhea-AI Filing Summary

ORMAT TECHNOLOGIES, INC. reported equity awards and vesting activity for executive Jessica Woelfel, its GC, CCO, and CS. On March 1, 2026, multiple batches of previously granted Restricted Stock Units (RSUs) and Performance Stock Units (PSUs) vested, and were converted into shares of common stock at a price of $0.00 per share.

The filing shows derivative exercises of RSUs totaling several small grants, alongside the fourth and final vesting installment of PSUs originally granted on March 1, 2022 and earned based on performance criteria. After these conversions, Woelfel directly owned 6,661 shares of common stock. In addition, she received a new grant of 4,980 time‑vesting RSUs on March 1, 2026, which are scheduled to vest in three annual installments.

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

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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)
03/01/2026

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	03/01/2026		M(1)(2)		313	A	$0	3,746	D
Common Stock	03/01/2026		M(1)(3)		1,079	A	$0	4,825	D
Common Stock	03/01/2026		M(1)(4)		1,350	A	$0	6,175	D
Common Stock	03/01/2026		M(1)(5)		486	A	$0	6,661	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
Restricted Stock Units	(1)(2)	03/01/2026		M			313	(2)	(2)	Common Stock	313	$0	0	D
Restricted Stock Units	(1)(3)	03/01/2026		M			1,079	(3)	(3)	Common Stock	1,079	$0	1,080	D
Restricted Stock Units	(1)(4)	03/01/2026		M			1,350	(4)	(4)	Common Stock	1,350	$0	2,698	D
Restricted Stock Units	(1)(5)	03/01/2026		M			486	(5)	(5)	Common Stock	486	$0	0	D
Restricted Stock Units	(1)(6)	03/01/2026		A		4,980		(6)	(6)	Common Stock	4,980	$0	4,980	D

Explanation of Responses:

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

2. This portion of RSUs vested on March 1, 2026, being the fourth anniversary of the grant date. These RSUs were granted on March 1, 2022 and vest 25% on each of the first, second, third and fourth anniversaries of the grant date.

3. This portion of RSUs vested on March 1, 2026, being the second anniversary of the date of grant. These RSUs vest 33.33% on the first and second anniversary of the grant date and will vest 33.34% on the third anniversary of the grant date.

4. This portion of RSUs vested on March 1, 2026, being the first anniversary of the date of grant. These RSUs vest 33.33% on the first and second anniversary of the grant date and will vest 33.34% on the third anniversary of the grant date.

5. These PSUs were granted on March 1, 2022, and earned based on achievement of certain performance criteria, as previously reported on the reporting person's Form 4 filed on March 4, 2025. This represents the fourth and final vesting installment, which vested and was paid out on March 1, 2026.

6. In addition, the reporting person was granted 4,980 time-vesting RSUs on March 1, 2026. 33.3% of these time-vesting RSUs vest on the first and second anniversary of the grant date and 33.34% on the third anniversary of the grant date.

	/s/ Jessica Woelfel	03/03/2026
	** 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).
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FAQ

What insider transactions did ORA executive Jessica Woelfel report?

Jessica Woelfel reported several equity award events on March 1, 2026. Previously granted RSUs and PSUs vested and were converted to common stock at $0.00 per share, and she also received a new grant of 4,980 time‑vesting RSUs, all held as direct ownership.

Did Jessica Woelfel buy or sell Ormat Technologies (ORA) stock for cash?

The transactions involved equity award vesting and conversions at $0.00 per share, not open‑market buying or selling. RSUs and PSUs granted earlier vested into common shares, and a new RSU grant was awarded, reflecting non‑cash compensation rather than cash purchases or sales.

How many Ormat Technologies (ORA) shares does Jessica Woelfel own after these transactions?

Following the reported March 1, 2026 conversions, Jessica Woelfel directly owned 6,661 shares of Ormat Technologies common stock. This total reflects shares received from vested RSUs and PSUs, all recorded as direct ownership in her name in the reported Form 4 data.

What are the terms of Jessica Woelfel’s new 4,980 RSU grant at ORA?

She was granted 4,980 time‑vesting RSUs on March 1, 2026. According to the disclosure, 33.3% vest on the first and second anniversaries of the grant date, and 33.34% vest on the third anniversary, contingent on continued service during those periods.

How do the vested RSUs and PSUs for ORA’s Jessica Woelfel vest over time?

Earlier RSU grants vest in tranches over two to four years, with portions vesting on each anniversary of the grant date. The reported PSUs from March 1, 2022 vested based on performance criteria, with the March 1, 2026 event representing the fourth and final vesting installment.

What does transaction code “M” mean in the ORA insider filing for Jessica Woelfel?

Transaction code “M” indicates exercise or conversion of a derivative security, such as RSUs or PSUs, into common stock. In this case, several RSU and PSU portions vested and converted into Ormat Technologies common shares at $0.00 per share on March 1, 2026.