Ormat director exercises 1,766 RSUs into shares

ORMAT TECHNOLOGIES, INC. director Ravit Barniv reported the vesting and exercise of restricted stock units into common shares.

Rhea-AI Filing Summary

ORMAT TECHNOLOGIES, INC. director Ravit Barniv reported the vesting and exercise of restricted stock units into common shares. On May 7, 2026, 1,766 Restricted Stock Units vested in full on the first anniversary of the grant, and were converted into 1,766 shares of common stock. After this derivative exercise, Barniv directly holds 1,766 shares of Ormat common stock, with no remaining RSU position shown in this filing.

Insider Trade Summary

1,766 shares exercised/converted

Exercise 2 txns

Insider Barniv Ravit

Role Director

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	1,766	$0.00	$0.00
Exercise	Common Stock	1,766	$0.00	$0.00

Holdings After Transaction: Restricted Stock Units — 0 contracts (Direct); Common Stock — 1,766 shares (Direct)

Footnotes (2)

1. F1. Each Restricted Stock Unit ("RSU") represents the right to receive one share of ORA common stock upon vesting.
2. F2. On May 7, 2026, the first-year anniversary of the grant, 100% of the Restricted Stock Units vested.

Key Figures

RSUs exercised: 1,766 units Common shares acquired: 1,766 shares Shares held after transaction: 1,766 shares +2 more

5 metrics

RSUs exercised 1,766 units Restricted Stock Units vested and converted on May 7, 2026

Common shares acquired 1,766 shares Common Stock received from RSU conversion on May 7, 2026

Shares held after transaction 1,766 shares Total direct common stock holdings following the reported transactions

Exercise price per RSU $0.00 per unit Conversion of Restricted Stock Units into common stock

Derivative exercises 1 transaction, 1,766 shares Exercise or conversion of derivative security (Code M)

Key Terms

Restricted Stock Units, derivative security, vesting

3 terms

Restricted Stock Units financial

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

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

derivative security financial

"Transaction code M is described as 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.

vesting financial

"On May 7, 2026, the first-year anniversary of the grant, 100% of the Restricted Stock Units vested."

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did ORA director Ravit Barniv report?

Ravit Barniv reported the vesting and exercise of 1,766 Restricted Stock Units into 1,766 shares of ORA common stock. This was recorded as a derivative exercise, not an open-market purchase or sale.

Were any Ormat Technologies (ORA) shares sold in this Form 4?

No, the Form 4 shows no sales of ORA shares. It reflects a derivative exercise where 1,766 Restricted Stock Units vested and converted into 1,766 common shares, with no reported disposition or tax withholding.

How many Ormat (ORA) shares does Ravit Barniv hold after this filing?

Following the May 7, 2026 vesting and conversion, Ravit Barniv directly holds 1,766 shares of Ormat common stock. The filing shows this as the total common stock position after the reported transactions.

What triggered the Restricted Stock Units vesting for ORA on May 7, 2026?

The RSUs vested on the first-year anniversary of the grant. On May 7, 2026, 100% of the 1,766 Restricted Stock Units vested, each representing the right to receive one share of ORA common stock upon vesting.

How many Restricted Stock Units were exercised in this Ormat (ORA) Form 4?

The filing shows 1,766 Restricted Stock Units exercised and converted. Each RSU entitled the holder to one ORA common share upon vesting, resulting in 1,766 newly issued common shares to the reporting person.

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

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Accepted by SEC EDGAR 05/11/2026 - 06:59 PM EDT Learn about SEC filing dates

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^*

Barniv Ravit

(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)
05/07/2026

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	05/07/2026		M(1)(2)		1,766	A	$0	1,766	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)	05/07/2026		M			1,766	(2)	(2)	Common Stock	1,766	$0	0	D

Explanation of Responses:

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

2. On May 7, 2026, the first-year anniversary of the grant, 100% of the Restricted Stock Units vested.

	/s/ Jessica Woelfel, as attorney-in-fact	05/11/2026
	** 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)