Ormat director converts 1,766 RSUs into common shares

ORMAT TECHNOLOGIES, INC. director Michal Marom reported a routine equity compensation event.

Rhea-AI Filing Summary

ORMAT TECHNOLOGIES, INC. director Michal Marom reported a routine equity compensation event. On May 7, 2026, 1,766 Restricted Stock Units vested and were exercised into 1,766 shares of common stock at an exercise price of $0.00 per share. Following this conversion, Marom directly owns 4,846 shares of Ormat common stock, and the reported RSU award has been fully settled into shares.

Insider Trade Summary

1,766 shares exercised/converted

Exercise 2 txns

Insider Marom Michal

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 — 4,846 shares (Direct)

Footnotes (2)

1. F1. Each Restricted Stock Unit ("RSU") represents the right to receive one share of ORA common stock upon vesting.
2. 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 Shares acquired from RSUs: 1,766 shares Exercise price: $0.00 per share +1 more

4 metrics

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

Shares acquired from RSUs 1,766 shares Common Stock received upon RSU vesting and exercise

Exercise price $0.00 per share RSU conversion price into Ormat common stock

Shares owned after transaction 4,846 shares Direct Ormat common stock holdings following the RSU conversion

Key Terms

Restricted Stock Units, RSU, vested, derivative security

4 terms

Restricted Stock Units financial

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

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 of ORA common stock upon vesting."

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.

vested financial

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

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 Ormat Technologies (ORA) director Michal Marom report?

Director Michal Marom reported the vesting and exercise of 1,766 Restricted Stock Units into 1,766 shares of Ormat common stock. This was recorded as a derivative exercise rather than an open-market purchase or sale, reflecting routine equity compensation.

Did Michal Marom buy or sell Ormat Technologies (ORA) shares on the market?

No open-market buy or sell was reported. The Form 4 shows a derivative exercise, where 1,766 RSUs converted into an equal number of common shares at $0.00, consistent with equity awards vesting rather than market trading.

How many Ormat Technologies (ORA) shares does Michal Marom hold after this transaction?

After the RSU vesting and conversion, Michal Marom directly holds 4,846 shares of Ormat common stock. The reported RSU award was fully settled, leaving no remaining units from this specific grant outstanding in the filing.

What are Restricted Stock Units in the context of Ormat Technologies (ORA)?

Restricted Stock Units, or RSUs, are equity awards that convert into shares when they vest. In this case, each RSU represented the right to receive one Ormat common share upon vesting, and 100% of this grant vested on May 7, 2026.

When did Michal Marom’s Ormat Technologies (ORA) RSUs vest?

The RSUs vested on May 7, 2026, the first anniversary of the grant. On that date, 100% of the Restricted Stock Units from this award became fully vested and were converted into Ormat common shares at an exercise price of $0.00.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/11/2026 - 06:59 PM EDT Learn about SEC filing dates

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^*

Marom Michal

(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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	05/07/2026		M(1)(2)		1,766	A	$0	4,846	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)	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)