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Ormat Technologies (ORA) EVP nets shares after RSU vesting and tax sale

Filing Impact
(Neutral)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Ormat Technologies executive Willis Aron John reported routine equity compensation activity. On June 30, 2026, 1,812 restricted stock units vested, converting into the same number of Ormat common shares as part of a three-year vesting schedule. Each RSU delivers one share upon vesting.

On July 1, 2026, 451 of these common shares were sold in open-market transactions at an average price of $106.64 per share to satisfy the reporting person’s tax withholding obligations related to the vesting. Following these transactions, he directly holds 1,361 shares of Ormat common stock.

Positive

  • None.

Negative

  • None.
Insider Willis Aron John
Role EVP, Electricity Segment
Sold 451 shs ($48K)
Type Security Shares Price Value
Sale Common Stock 451 $106.64 $48K
Exercise Restricted Stock Units 1,812 $0.00 --
Exercise Common Stock 1,812 $0.00 --
Holdings After Transaction: Common Stock — 1,361 shares (Direct, null); Restricted Stock Units — 3,622 shares (Direct, null)
Footnotes (1)
  1. This portion of restricted stock units (the "RSUs") vested on June 30, 2026, being the first anniversary of the grant date. Each RSU represents the right to receive one share of ORA common stock upon vesting; these RSUs were granted on June 30, 2025, and vest 33.3% on each of the first, second, and third anniversaries of the grant date. Represents shares of common stock sold in the open market on July 1, 2026, in order to satisfy the reporting person's tax withholding obligations in connection with the vesting of RSUs on June 30, 2026.
RSUs vested 1,812 units Restricted stock units vested on June 30, 2026
Shares sold 451 shares Common stock sold July 1, 2026 for tax withholding
Sale price $106.64 per share Average price for 451 shares sold July 1, 2026
Shares held after 1,361 shares Direct Ormat common stock holdings after reported transactions
Vesting schedule 33.3% per year RSUs vest on each of first three anniversaries of June 30, 2025 grant
Restricted Stock Units financial
"This portion of restricted stock units (the "RSUs") vested on June 30, 2026"
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.
vested financial
"This portion of restricted stock units (the "RSUs") vested on June 30, 2026"
open market financial
"Represents shares of common stock sold in the open market on July 1, 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.
tax withholding obligations financial
"sold in the open market on July 1, 2026, in order to satisfy the reporting person's tax withholding obligations"
derivative exercise/conversion financial
"transaction_action": "derivative exercise/conversion""
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
Willis Aron John
(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)
Director10% Owner
XOfficer (give title below)Other (specify below)
EVP, Electricity Segment
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/30/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock06/30/2026M(1)1,812A$01,812D
Common Stock07/01/2026S(2)451D$106.641,361D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units(1)06/30/2026M1,812 (1) (1)Common Stock1,812$03,622D
Explanation of Responses:
1. This portion of restricted stock units (the "RSUs") vested on June 30, 2026, being the first anniversary of the grant date. Each RSU represents the right to receive one share of ORA common stock upon vesting; these RSUs were granted on June 30, 2025, and vest 33.3% on each of the first, second, and third anniversaries of the grant date.
2. Represents shares of common stock sold in the open market on July 1, 2026, in order to satisfy the reporting person's tax withholding obligations in connection with the vesting of RSUs on June 30, 2026.
/s/ Jessica Woelfel - as attorney-in-fact07/02/2026
** Signature of Reporting PersonDate
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 Technologies (ORA) report for Willis Aron John?

Willis Aron John reported RSU vesting and a related share sale. 1,812 restricted stock units vested into common shares, and 451 shares were sold to cover tax withholding obligations, leaving him with 1,361 directly held shares.

How many Ormat Technologies RSUs vested for EVP Willis Aron John?

1,812 restricted stock units vested for Willis Aron John. Each RSU represents one share of Ormat common stock upon vesting, and this tranche vested on June 30, 2026, the first anniversary of the June 30, 2025 grant date.

Why did Willis Aron John sell Ormat Technologies shares on July 1, 2026?

He sold 451 Ormat common shares to satisfy tax withholding obligations. The footnote explains the sale was linked to RSUs that vested on June 30, 2026, making it a tax-related disposition rather than a discretionary portfolio trade.

At what price were the Ormat Technologies shares sold in this Form 4 filing?

The 451 Ormat common shares were sold at an average price of $106.64 per share. These open-market sales occurred on July 1, 2026, specifically to cover tax withholding obligations from the RSU vesting event.

How many Ormat Technologies shares does Willis Aron John hold after these transactions?

After the RSU vesting and tax-related sale, Willis Aron John directly holds 1,361 Ormat common shares. This figure reflects his position following the 1,812-share RSU conversion and the 451-share sale reported in the Form 4.