Large Insider Sale by Ormat Energy Storage Chief Raises Eyebrows

Rhea-AI Filing Summary

Ormat Technologies (NYSE:ORA) insider Ofer Benyosef, EVP – Energy Storage & BD, filed a Form 4 disclosing the open-market sale of 8,548 common shares on 24 June 2025 at a weighted-average price of $86.31 (range $86.28-$86.47).

The transaction generated roughly $0.74 million in gross proceeds and reduced his direct ownership from 10,169 to 1,621 shares, an estimated 84 % decrease. No derivative trades were reported and the sale was not identified as a Rule 10b5-1 plan trade. While the filing cites no operational developments, the sizeable disposition by a senior executive may be viewed by investors as a potential negative sentiment signal.

Positive

• None.

Negative

• EVP Ofer Benyosef sold 8,548 shares (~84 % of his holdings) for roughly $0.74 million, a potentially bearish insider sentiment signal.

Insights

Insider Trading Analyst

EVP sells 84 % stake; bearish insider tone

The 8,548-share sale (~$0.74 M) removes most of Benyosef’s direct exposure, absent a 10b5-1 plan. Such discretionary, concentrated selling by a business-line leader often precedes cautious internal outlooks. Although single-insider actions rarely dictate fundamentals, the magnitude can dent short-term sentiment and warrants close monitoring of subsequent insider activity and Q2 guidance.

Risk Analyst

Limited firm-wide risk, but watch for pattern

The dollar value is immaterial to Ormat’s balance sheet, yet the optics of an 84 % exit by a key executive are noteworthy. Absent parallel sales or negative operational disclosures, portfolio risk remains contained; however, clustering of insider disposals could foreshadow softer storage-segment expectations. Keep an eye on future filings.

Insider Trade Summary

Net Seller: 8,548 shares

Net Sell 1 txn

Insider Benyosef Ofer

Role EVP - Energy Storage & BD

Sold 8,548 shs ($738K)

Type	Security	Shares	Price	Value
Sale	Common Stock	8,548	$86.31	$738K

Holdings After Transaction: Common Stock — 1,621 shares (Direct)

Footnotes (1)

1. F1. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $86.28 to $86.47, 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.

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

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 06/26/2025 - 04:06 PM Learn about SEC filing dates

FAQ

How many ORA shares did EVP Ofer Benyosef sell on 24 June 2025?

He sold 8,548 common shares according to the Form 4.

What price range were the ORA shares sold at?

The weighted-average price was $86.31, with individual trades between $86.28 and $86.47.

What percentage of his ORA holdings did Benyosef dispose of?

The sale reduced his direct stake by about 84 % (from 10,169 to 1,621 shares).

How many ORA shares does Benyosef still own after the sale?

He now directly owns 1,621 common shares.

Was the insider sale executed under a Rule 10b5-1 trading plan?

The filing does not indicate that the transaction was made under a Rule 10b5-1 plan.

What is the approximate value of the shares sold?

At the reported average price, the sale is valued at roughly $0.74 million.

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^*

Benyosef Ofer

(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)
	EVP - Energy Storage & BD

3. Date of Earliest Transaction (Month/Day/Year)
06/24/2025

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	06/24/2025		S		8,548	D	$86.31(1)	1,621	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. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $86.28 to $86.47, 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	06/26/2025
	** 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.