Ormat (NYSE: ORA) CFO reports RSU vesting, PSU payout and new grant

Rhea-AI Filing Summary

ORMAT TECHNOLOGIES, INC. Chief Financial Officer Assi Ginzburg reported multiple equity incentive transactions dated March 1, 2026. Several blocks of previously granted restricted stock units and performance stock units vested and were settled into a total of 5,030 shares of common stock at no cash exercise price.

The filing also shows a new award of 5,953 time-vesting RSUs granted on March 1, 2026, which will vest in roughly equal installments over three years as described in the footnotes. Following these transactions, Ginzburg directly owns 9,512 shares of common stock and 5,953 RSUs.

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

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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^*

Ginzburg Assi

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
03/01/2026

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	03/01/2026		M(1)(2)		447	A	$0	4,929	D
Common Stock	03/01/2026		M(1)(3)		1,953	A	$0	6,882	D
Common Stock	03/01/2026		M(1)(4)		1,936	A	$0	8,818	D
Common Stock	03/01/2026		M(1)(5)		694	A	$0	9,512	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)(2)	03/01/2026		M			447	(2)	(2)	Common Stock	447	$0	0	D
Restricted Stock Units	(1)(3)	03/01/2026		M			1,953	(3)	(3)	Common Stock	1,953	$0	1,953	D
Restricted Stock Units	(1)(4)	03/01/2026		M			1,936	(4)	(4)	Common Stock	1,936	$0	3,871	D
Restricted Stock Units	(1)(5)	03/01/2026		M			694	(5)	(5)	Common Stock	694	$0	0	D
Restricted Stock Units	(1)(6)	03/01/2026		A		5,953		(6)	(6)	Common Stock	5,953	$0	5,953	D

Explanation of Responses:

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

2. This portion of RSUs vested on March 1, 2026, being the fourth anniversary of the grant date. These RSUs were granted on March 1, 2022, and vest 25% on each of the first, second, third and fourth anniversaries of the grant date.

3. This portion of RSUs vested on March 1, 2026, being the second anniversary of the date of grant. These RSUs vest 33.33% on the first and second anniversary of the grant date and will vest 33.34% on the third anniversary of the grant date.

4. This portion of RSUs vested on March 1, 2026, being the first anniversary of the date of grant. These RSUs vest 33.33% on the first and second anniversary of the grant date and will vest 33.34% on the third anniversary of the grant date.

5. These PSUs were granted on March 1, 2022, and earned based on achievement of certain performance criteria, as previously reported on the reporting person's Form 4 filed on March 4, 2025. This represents the fourth and final vesting installment, which vested and was paid out on March 1, 2026.

6. In addition, the reporting person was granted 5,953 time-vesting RSUs on March 1, 2026. 33.3% of these time-vesting RSUs vest on the first and second anniversary of the grant date and 33.34% on the third anniversary of the grant date.

	/s/ Jessica Woelfel, as attorney-in-fact	03/03/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What did Ormat Technologies (ORA) CFO Assi Ginzburg report on this Form 4?

Assi Ginzburg reported vesting and settlement of several restricted stock unit and performance stock unit awards into common stock, plus a new grant of 5,953 time-vesting RSUs. All transactions were classified as acquisitions, with no reported sales or dispositions.

How many Ormat Technologies (ORA) common shares did the CFO acquire?

The Form 4 shows a total of 5,030 common shares acquired through the exercise and settlement of vested restricted stock units and performance stock units. These were recorded at a transaction price of $0.00 per share, reflecting equity award settlement rather than open-market purchases.

What new equity award did the Ormat (ORA) CFO receive on March 1, 2026?

On March 1, 2026, the CFO received a grant of 5,953 time-vesting restricted stock units. According to the footnotes, 33.3% vest on the first and second anniversaries of the grant date and 33.34% on the third anniversary, subject to continued service.

What are the vesting terms for the Ormat (ORA) RSUs reported in this filing?

The filing describes multiple RSU schedules. One grant vests 25% annually over four years from March 1, 2022, while others vest in roughly one-third installments over three years. Certain performance stock units vested based on achievement of performance criteria and were paid out on March 1, 2026.

Did the Ormat Technologies (ORA) CFO sell any shares in this Form 4?

No sales are reported. The transaction summary shows nine acquisition-type transactions, all coded as exercises or grants, with zero sell or dispose transactions. The activity reflects vesting and settlement of equity awards plus a new RSU grant, rather than open-market selling.

How many Ormat (ORA) shares and RSUs does the CFO hold after these transactions?

After the reported transactions, the CFO directly owns 9,512 shares of Ormat common stock. In addition, he holds 5,953 time-vesting restricted stock units from the new March 1, 2026 grant, which will vest in installments over the subsequent three years.