Ormat (ORA) Form 4: CFO disposes 9,343 shares; holdings 24,482 shares

Rhea-AI Filing Summary

Assi Ginzburg, Chief Financial Officer of Ormat Technologies, Inc. (ORA) reported an open-market sale of 9,343 shares of the company’s common stock on 09/18/2025. The filing states these shares were sold in multiple transactions at a weighted average price of $93.31, with individual trade prices ranging from $93.30 to $93.375. After the reported disposals, the reporting person beneficially owns 24,482 shares. The Form 4 was signed by an attorney-in-fact and includes an undertaking to provide detailed trade-by-trade breakdowns to the company, securityholders, or the SEC staff upon request.

Positive

• Timely, detailed disclosure of an open-market sale including weighted average price and price range

Negative

• Insider disposition of 9,343 shares reduces the CFO’s holdings to 24,482 shares

Insights

Financial Analyst

TL;DR: Routine open-market sale by the CFO; disclosure is complete and transparent.

The reported sale of 9,343 shares is a straightforward open-market disposition disclosed on a Form 4 dated 09/18/2025. The filing provides a weighted average price and a price range and commits to furnish per-trade details on request, which supports transparency. Because the Form shows remaining beneficial ownership of 24,482 shares, the transaction does not, by itself, indicate a change in control or a material shift in ownership structure.

Corporate Governance Expert

TL;DR: Insider sale was properly reported and includes required explanatory detail; no governance red flags visible.

The Form 4 indicates timely reporting and includes explicit explanatory language about price ranges and availability of full trade details. The signature by an attorney-in-fact is properly noted. There is no indication of an undisclosed plan (e.g., Rule 10b5-1 plan checkbox is not marked), and the filing does not assert any amendment or corrective disclosure. Based on the filing alone, this appears to be a routine, compliant disclosure of an insider sale.

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
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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)
09/18/2025

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	09/18/2025		S(1)		9,343	D	$93.31(2)	24,482	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 September 18, 2025.

2. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $93.30 to $93.375, inclusive. The reporting person undertakes to provide to Ormat Technologies, Inc. (the "Company"), any securityholder of the Company or the staff of the Securities and Exchange Commission ("SEC Staff"), upon request, full information regarding the number of shares sold at each price within the range specified herein.

	/s/ Jessica Woelfel - as attorney-in-fact	09/22/2025
	** 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 Ormat Technologies (ORA) insider Assi Ginzburg report on Form 4?

The filing reports an open-market sale of 9,343 shares on 09/18/2025 with a weighted average price of $93.31 and remaining beneficial ownership of 24,482 shares.

Was the sale by the reporting person executed in a single trade?

No. The filing states the shares were sold in multiple transactions at prices ranging from $93.30 to $93.375, inclusive.

Does the Form 4 indicate the sale was made under a 10b5-1 plan?

No. The checkbox indicating a transaction pursuant to a 10b5-1 plan is not marked in the provided content.

Who signed the Form 4 and when?

The Form 4 was signed by Jessica Woelfel as attorney-in-fact on 09/22/2025.

Will more detailed trade information be provided if requested?

Yes. The reporting person undertakes to provide full information regarding the number of shares sold at each price within the stated range to the company, any securityholder, or the SEC staff upon request.