[Form 4] Ormat Technologies, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Orm at Technologies insider sale disclosure: Director Stanley Stern sold 876 shares of ORA common stock in the open market on 08/27/2025 at a reported price of $91.985 per share. After the sale, the reporting person beneficially owned 5,261 shares, held directly. The Form 4 was filed by an attorney-in-fact (/s/ Jessica Woelfel) on 08/29/2025. The filing is a routine Section 16 disclosure of a single non-derivative disposition and does not include any derivatives, amendments, or additional transactions.

Positive

• Disclosure compliance maintained: Section 16 reporting completed showing transparency of insider activity
• Continued insider stake: Reporting person still beneficially owns 5,261 shares after the sale

Negative

• Insider sale: Director disposed of 876 shares in the open market on 08/27/2025 at $91.985 per share

Insights

Financial Analyst

TL;DR: A routine director sale of 876 shares leaves modest remaining ownership; no other material changes disclosed.

The Form 4 reports a straightforward open-market sale by a director at $91.985 per share, reducing direct beneficial ownership to 5,261 shares. This transaction appears to be a single, non-derivative disposition with no contemporaneous purchases or derivative activity reported. From a market-impact perspective, the size (876 shares) is small relative to typical public float and thus unlikely to be material to ORA's valuation. The filing fulfills Section 16 reporting requirements and provides transparency on insider holdings.

Corporate Governance Expert

TL;DR: Disclosure meets compliance expectations; transaction suggests routine liquidity rather than governance change.

The document shows the reporting person is a director and that the sale was executed in the open market. The Form 4 was signed by an attorney-in-fact, which is standard practice for timely filing. No indications of coordinated sales, plan-based transactions, or resignation are present. As filed, the disclosure does not raise governance red flags but simply records a director-level share disposition.

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^*

STERN STANLEY

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
08/27/2025

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	08/27/2025		S(1)		876	D	$91.985	5,261	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

Explanation of Responses:

1. Represents shares of common stock sold in the open market on August 27, 2025.

	/s/ Jessica Woelfel - as attorney-in-fact	08/29/2025
	** 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.

FAQ

What did ORA director Stanley Stern report on Form 4?

The director reported an open-market sale of 876 shares of ORA common stock on 08/27/2025 at a price of $91.985 per share.

How many ORA shares does the reporting person own after the transaction?

Following the reported sale, the reporting person beneficially owned 5,261 shares of ORA common stock.

Was the Form 4 signed by the reporting person for the ORA transaction?

The Form 4 was filed and signed on behalf of the reporting person by an attorney-in-fact, /s/ Jessica Woelfel, dated 08/29/2025.

Did the filing report any derivative transactions or 10b5-1 plan activity for ORA?

No. The filing reports a single non-derivative disposition and does not indicate any derivative securities or 10b5-1 plan activity.

Is the reported sale likely material to ORA investors?

The filing shows a relatively small sale of 876 shares; the document itself contains no indication that the transaction is material to ORA's overall capitalization.