[Form 4] Ormat Technologies, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Ormat Technologies, Inc. (ORA) – Form 4 insider transaction

Director David Granot reported the sale of 1,072 shares of Ormat Technologies common stock on 18 June 2025 at a price of $85.00 per share. Following the disposition, Granot directly owns 2,479 shares of ORA. No derivative securities were reported, and there were no purchases disclosed. The filing was signed on 20 June 2025 by attorney-in-fact Jessica Woelfel.

The transaction represents a modest reduction of the director’s direct holdings and amounts to a cash value of roughly $91 thousand. Given Ormat’s total shares outstanding, the trade is immaterial to the company’s capital structure. Nevertheless, investors often monitor insider sales for potential sentiment signals.

Positive

• None.

Negative

• Insider sale by director could be interpreted as a mild negative sentiment signal, though scale is immaterial.

Insights

Financial Analyst

TL;DR: Small director sale; immaterial to ORA’s fundamentals, minor negative sentiment signal, no operational impact.

The 1,072-share sale equals about 0.004% of Ormat’s ~55 million shares outstanding and ~30% of Granot’s personal stake. While insider sales can be interpreted as a soft bearish indicator, the dollar value (≈ $91k) and remaining ownership suggest portfolio rebalancing rather than a signal on business outlook. No accompanying 10b5-1 plan was indicated, but absence of derivatives or multiple transactions lowers complexity. From a valuation standpoint, the trade has no discernible effect on earnings, cash flow, or share count. I rate the impact as neutral.

Corporate Governance Specialist

TL;DR: Routine Form 4, compliant disclosure, negligible governance concern.

The filing is timely (within two business days) and properly executed under SEC Rule 16a-3. Signature via power-of-attorney is standard. No 10b5-1 plan box is checked, implying discretionary sale, yet stake size is small. No pattern of serial sales is evident from this single report, and Granot remains a board member. Governance risk remains low; investors should simply log the activity.

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^*

Granot David

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
06/18/2025

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	06/18/2025		S		1,072	D	$85	2,479	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:

	/s/ Jessica Woelfel - as attorney-in-fact	06/20/2025
	** 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

How many ORA shares did Director David Granot sell?

Granot sold 1,072 shares of Ormat Technologies common stock.

At what price were the ORA shares sold on 18 June 2025?

The shares were sold at $85.00 per share.

How many ORA shares does David Granot own after this transaction?

He directly owns 2,479 shares following the sale.

Does the Form 4 indicate use of a Rule 10b5-1 trading plan?

No. The box indicating a Rule 10b5-1(c) trading plan was not checked.

Is this insider transaction material to Ormat Technologies’ share count?

No. The sale represents roughly 0.004% of outstanding shares, making it immaterial.