Ormat director settles 1,766 RSUs into shares

ORMAT TECHNOLOGIES, INC. director Karin Corfee exercised Restricted Stock Units that vested into 1,766 shares of common stock.

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Form Type

Rhea-AI Filing Summary

ORMAT TECHNOLOGIES, INC. director Karin Corfee exercised Restricted Stock Units that vested into 1,766 shares of common stock. These RSUs represented the right to receive one common share per unit, and on May 7, 2026, 100% of the units vested. Following this conversion, Corfee holds 6,427 common shares directly. The filing shows no open-market purchases or sales, only the vesting and settlement of equity compensation.

Insider Trade Summary

1,766 shares exercised/converted

Exercise 2 txns

Insider Corfee Karin

Role Director

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	1,766	$0.00	$0.00
Exercise	Common Stock	1,766	$0.00	$0.00

Holdings After Transaction: Restricted Stock Units — 0 contracts (Direct); Common Stock — 6,427 shares (Direct)

Footnotes (2)

F1. Each Restricted Stock Unit ("RSU") represents the right to receive one share of ORA common stock upon vesting.
F2. On May 7, 2026, the first-year anniversary of the grant, 100% of the Restricted Stock Units vested.

Key Figures

RSUs exercised: 1,766 units Common shares received: 1,766 shares Shares held after transaction: 6,427 shares +2 more

5 metrics

RSUs exercised 1,766 units Restricted Stock Units converted into common stock on May 7, 2026

Common shares received 1,766 shares Shares issued upon RSU vesting and conversion

Shares held after transaction 6,427 shares Director’s direct common stock holdings following RSU settlement

Transaction code M Exercise or conversion of derivative security as reported in Form 4

Exercise price per RSU $0.00 RSUs converted with reported price per unit of 0.0000

Key Terms

Restricted Stock Units, RSU, derivative security

3 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.

RSU financial

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

Restricted stock units (RSUs) are a form of company shares given to employees as part of their compensation, usually with certain restrictions or conditions, such as remaining with the company for a set period. When these restrictions lift, employees receive actual shares that they can sell or hold. For investors, RSUs can impact a company's stock supply and reflect the company's commitment to attracting and retaining talent.

derivative security financial

"transaction_code_description": "Exercise or conversion of derivative security""

A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did ORA director Karin Corfee report on this Form 4?

Karin Corfee reported the vesting and exercise of 1,766 Restricted Stock Units into Ormat Technologies common stock. Each RSU converted into one share upon vesting, reflecting routine equity compensation rather than an open-market trade or discretionary stock purchase.

How many Ormat Technologies (ORA) shares did Karin Corfee receive from RSU vesting?

Corfee received 1,766 Ormat Technologies common shares when her Restricted Stock Units vested. The filing notes each RSU equaled one share of common stock upon vesting, resulting in this share amount being added to her directly held ownership position.

What is Karin Corfee’s Ormat Technologies (ORA) shareholding after this Form 4 transaction?

After the RSU vesting and conversion, Corfee directly holds 6,427 shares of Ormat Technologies common stock. This total reflects her position following the settlement of 1,766 Restricted Stock Units, with no concurrent open-market sales or additional purchases reported.

Were any Ormat Technologies (ORA) shares bought or sold on the market in this Form 4?

No open-market purchases or sales were reported. The Form 4 only records the exercise and conversion of 1,766 Restricted Stock Units into common shares, a compensation-related event rather than a discretionary market trade involving Ormat Technologies stock.

What do the Restricted Stock Units in the ORA Form 4 represent?

Each Restricted Stock Unit represents the right to receive one share of Ormat Technologies common stock upon vesting. On May 7, 2026, 100% of these RSUs vested, triggering their conversion into 1,766 shares held directly by director Karin Corfee.

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Accepted by SEC EDGAR 05/11/2026 - 06:58 PM EDT

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^*

Corfee Karin

(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	6,427	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.

	/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