[SCHEDULE 13G/A] ORMAT TECHNOLOGIES, INC. Amended Passive Investment Disclosure
Migdal reports 5.99% stake in Ormat Technologies
Migdal Insurance & Financial Holdings Ltd., an Israeli company, filed an Amendment No. 1 to a Schedule 13G reporting its beneficial ownership in Ormat Technologies, Inc. common stock.
Migdal Insurance & Financial Holdings Ltd., an Israeli company, filed an Amendment No. 1 to a Schedule 13G reporting its beneficial ownership in Ormat Technologies, Inc. common stock. Migdal and its majority- or wholly-owned subsidiaries report beneficial ownership of 3,681,980.51 Ormat ordinary shares, representing 5.99% of the class, based on 61,451,752 ordinary shares outstanding as of July 8, 2026. These shares are held through investment vehicles including Migdal Sal Domestic Equities and Migdal Mutual Funds Ltd., with 3,681,980.51 shares subject to shared voting and shared dispositive power and no sole voting or dispositive power. The filing explains that the securities are largely held for the benefit of insurance policyholders, pension and provident fund members, portfolio clients, and mutual fund unit holders, and that Migdal and its subsidiaries disclaim beneficial ownership beyond their actual pecuniary interest and reject any admission that they form a group for Section 13(d) purposes.
Positive
None.
Negative
None.
Key Figures
Beneficially owned shares:3,681,980.51 sharesPercent of class:5.99%Shares outstanding:61,451,752 shares+4 more
7 metrics
Beneficially owned shares3,681,980.51 sharesOrmat ordinary shares beneficially owned by Migdal and subsidiaries
Percent of class5.99%Migdal’s reported beneficial ownership of Ormat ordinary shares
Shares outstanding61,451,752 sharesOrmat ordinary shares outstanding as of July 8, 2026
Migdal Sal Domestic Equities holdings2,692,431.51 sharesOrmat shares, representing 4.38% of class
Migdal Mutual Funds Ltd. holdings989,549 sharesOrmat shares, representing 1.61% of class
Shared voting power3,681,980.51 sharesOrmat shares over which Migdal reports shared voting power
Shared dispositive power3,681,980.51 sharesOrmat shares over which Migdal reports shared dispositive power
Key Terms
beneficial ownership, disclaims any beneficial ownership, pecuniary interest, Schedule 13G, +2 more
6 terms
beneficial ownershipfinancial
"With regard to rows (6), (8), (9) and (11), the beneficial ownership of the securities reported herein is described"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
disclaims any beneficial ownershipfinancial
"each of the Filing Persons and Subsidiaries disclaims any beneficial ownership of the securities covered"
pecuniary interestfinancial
"disclaims any beneficial ownership of the securities covered by this report in excess of their actual pecuniary interest"
Schedule 13Gregulatory
"Neither the filing of this nor any of its contents shall be deemed to constitute an admission"
A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.
Ordinary Sharesfinancial
"Row (11) is Based on 61,451,752 Ordinary Shares outstanding as of July 8, 2026"
Ordinary shares are a type of ownership stake in a company, giving shareholders a right to participate in the company’s profits and decision-making through voting. They are similar to owning a piece of a business, and their value can rise or fall based on the company's performance. Investors buy ordinary shares to potentially earn dividends and benefit from the company's growth over time.
shared dispositive powerfinancial
"Shared Dispositive Power 3,681,980.51"
FAQ
What percentage of Ormat Technologies (ORA) does Migdal Insurance report owning?
Migdal Insurance & Financial Holdings Ltd. reports beneficial ownership of 5.99% of Ormat Technologies’ ordinary shares, based on 61,451,752 shares outstanding as of July 8, 2026, with all voting and dispositive power characterized as shared rather than sole.
How many Ormat Technologies (ORA) shares does Migdal Insurance beneficially own?
Migdal and its subsidiaries report beneficial ownership of 3,681,980.51 Ormat Technologies ordinary shares. These holdings are aggregated across several investment subsidiaries and are primarily held for the benefit of insurance policyholders, pension and provident fund members, and other investment clients.
Which Migdal subsidiaries hold Ormat Technologies (ORA) shares and in what amounts?
As of June 30, 2026, Migdal Sal Domestic Equities holds 2,692,431.51 Ormat shares (4.38% of the class), and Migdal Mutual Funds Ltd. holds 989,549 shares (1.61% of the class), all counted within Migdal’s reported 5.99% beneficial ownership stake.
Does Migdal Insurance claim sole voting or dispositive power over Ormat (ORA) shares?
The filing reports 0 Ormat shares with sole voting or dispositive power and 3,681,980.51 shares with shared voting and shared dispositive power. Each subsidiary manages its own funds and makes independent voting and investment decisions under separate management.
How is Migdal’s 5.99% stake in Ormat (ORA) calculated?
The 5.99% figure is based on 3,681,980.51 Ormat ordinary shares reported as beneficially owned, divided by 61,451,752 ordinary shares outstanding as of July 8, 2026, a share count the filing cites from Bloomberg LP data for Ormat.
Does Migdal Insurance admit forming a group regarding Ormat Technologies (ORA) shares?
No. The filing explicitly disclaims that a group exists under Section 13(d) of the Exchange Act. Migdal and its subsidiaries state that each operates under independent management and that the Schedule 13G/A should not be construed as an admission of group status or broader beneficial ownership.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 1)
ORMAT TECHNOLOGIES, INC.
(Name of Issuer)
Common Stock, 0.001$ per value per share
(Title of Class of Securities)
686688102
(CUSIP Number)
06/30/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
686688102
1
Names of Reporting Persons
Migdal Insurance & Financial Holdings Ltd.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
ISRAEL
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
3,681,980.51
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
3,681,980.51
9
Aggregate Amount Beneficially Owned by Each Reporting Person
3,681,980.51
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
5.99 %
12
Type of Reporting Person (See Instructions)
CO
Comment for Type of Reporting Person: With regard to rows (6), (8), (9) and (11), the beneficial ownership of the securities reported herein is described in Item 4(a).
Row (11) is Based on 61,451,752 Ordinary Shares outstanding as of July 8, 2026 (as reported on Bloomberg LP).
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
ORMAT TECHNOLOGIES, INC.
(b)
Address of issuer's principal executive offices:
6884 Sierra Center Parkway, Reno, Nevada, 89511-2210.
Item 2.
(a)
Name of person filing:
Migdal Insurance & Financial Holdings Ltd.
The securities reported herein are beneficially owned by various direct or indirect, majority or wholly-owned subsidiaries of Migdal Insurance & Financial Holdings Ltd. (the "Subsidiaries"), such as Migdal Insurance Company Ltd., Migdal Sal Domestic Equities, Migdal Makefet Pension & Provident Funds Ltd., and Migdal Mutual Funds Ltd.. The Subsidiaries manage their own funds and/or the funds of others, including for holders of various insurance policies, members of pension or provident funds, unit holders of mutual funds, portfolio management clients and their nostro accounts. Each of the Subsidiaries operates under independent management and makes its own independent voting and investment decisions.
(b)
Address or principal business office or, if none, residence:
Migdal Insurance & Financial Holdings Ltd. - Israel
(d)
Title of class of securities:
Common Stock, 0.001$ per value per share
(e)
CUSIP No.:
686688102
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
See row 9 of cover page of each reporting person.
Each of the Subsidiaries operates under independent management and makes its own independent voting and investment decisions. Neither the filing of this Schedule 13G nor any of its contents shall be deemed to constitute an admission by either the Filing Persons or Subsidiaries that a group exists for purposes of Section 13(d) of the Securities Exchange Act of 1934 or for any other purpose, and each reporting person disclaims the existence of any such group. The economic interest or beneficial ownership in a portion of the securities covered by this Statement (including the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities) is held for the benefit of insurance policy holders, the owners of portfolio accounts, or the members of the provident funds or pension funds, as the case may be. In addition, each of the Filing Persons and Subsidiaries disclaims any beneficial ownership of the securities covered by this report in excess of their actual pecuniary interest therein. This Statement shall not be construed as an admission by the Filing Persons or Subsidiaries that they are the beneficial owners of any of the Ordinary Shares covered by this Statement.
As of June 30, 2026, the securities reported herein were held as follows:
- 2,692,431.51 ordinary shares (representing 4.38% of the total ordinary shares outstanding) beneficially owned by Migdal Sal Domestic Equities (1);
- 989,549 ordinary shares (representing 1.61% of the total ordinary shares outstanding) beneficially owned by Migdal Mutual Funds Ltd..
(1) All ownership rights in this partnership belong to companies that are part of Migdal Group. The amount of ownership rights held by such companies in the partnership changes frequently according to a mechanism provided in the partnership agreement.
(b)
Percent of class:
See row 11 of cover page of each reporting person
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
See row 5 of cover page of each reporting person
(ii) Shared power to vote or to direct the vote:
See row 6 of cover page of each reporting person and note in Item 4(a) above
(iii) Sole power to dispose or to direct the disposition of:
See row 7 of cover page of each reporting person
(iv) Shared power to dispose or to direct the disposition of:
See row 8 of cover page of each reporting person and note in Item 4(a) above
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
Not Applicable
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
