Ormat Technologies director exercises 1,315 options

The option exercise was settled directly with the issuer, with 966 shares deducted from the shares issued to pay the exercise price.

Available on EDGAR 11/04/2026 - 04:50 PM EST Accepted by SEC EDGAR 11/04/2026 - 04:50 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

On November 2, 2026, ORMAT Technologies, Inc. director Stanley Stern exercised stock options for 1,315 shares at an exercise price of $67.54 per share. He received 1,315 common shares, while 966 shares were withheld to pay the exercise price. The transaction was between Stern and the company and did not involve a market sale. His reported option position following the exercise was 0.

Insider Trade Summary

1,315 shares exercised/converted

Exercise 3 txns

Insider STERN STANLEY

Role Director

Type	Security	Shares	Price	Value
Exercise	Stock Option (Right to Buy) F1	1,315	$0.00	$0.00
Exercise	Common Stock F1	1,315	$67.54	$89K
Exercise Price Payment	Common Stock F1	966	$91.87	$89K

Holdings After Transaction: Stock Option (Right to Buy) — 0 contracts (Direct); Common Stock — 6,149 shares (Direct)

Footnotes (1)

1. F1. Represents the exercise of stock options expiring on November 4, 2026, for which the exercise price was paid via a reduction in the number of shares issued to the reporting person by the value of the exercise price. The transaction was between the reporting person and the issuer, and did not involve a sale or other transaction with the market

Key Figures

Stock options exercised: 1,315 options Exercise price: $67.54 per share Common shares acquired upon exercise: 1,315 shares +4 more

7 metrics

Stock options exercised 1,315 options November 2, 2026

Exercise price $67.54 per share Options exercised November 2, 2026

Common shares acquired upon exercise 1,315 shares November 2, 2026

Shares withheld for exercise-price payment 966 shares November 2, 2026

Price of shares withheld $91.87 per share Exercise-price payment on November 2, 2026

Options following transaction 0 options Reported position after the November 2, 2026 exercise

Option expiration date November 4, 2026 Options exercised November 2, 2026

Key Terms

Stock Option (Right to Buy), exercise price, derivative security

3 terms

Stock Option (Right to Buy) technical

"Stock Option (Right to Buy)"

exercise price financial

"exercise price was paid via a reduction in the number of shares issued"

The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.

derivative security technical

"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.

How many ORA options did Stanley Stern exercise?

Stanley Stern exercised options for 1,315 shares on November 2, 2026, at an exercise price of $67.54 per share. The options were scheduled to expire on November 4, 2026.

How was Stanley Stern’s ORA option exercise settled?

The exercise was settled directly between Stanley Stern and ORMAT Technologies, Inc.; the exercise price was paid by reducing the shares issued to him by 966 shares. The transaction did not involve a sale or other transaction with the market.

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

Form 4 Insider Transactions: What Each Field Means →

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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 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)
11/02/2026

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	11/02/2026		M(1)		1,315	A	$67.54	7,115	D
Common Stock	11/02/2026		F(1)		966	D	$91.87	6,149	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
Stock Option (Right to Buy)	$67.54	11/02/2026		M(1)			1,315	11/04/2021	11/04/2026	Common Stock	1,315	$0	0	D

Explanation of Responses:

1. Represents the exercise of stock options expiring on November 4, 2026, for which the exercise price was paid via a reduction in the number of shares issued to the reporting person by the value of the exercise price. The transaction was between the reporting person and the issuer, and did not involve a sale or other transaction with the market

	/s/ Jessica Woelfel, as attorney-in-fact	11/04/2026
	** 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)