Phoenix discloses 5.31% Ormat Technologies stake

ORMAT TECHNOLOGIES, INC.

Rhea-AI Filing Summary

ORMAT TECHNOLOGIES, INC. (ORA) has a significant shareholder disclosure from Phoenix Financial Ltd., which reports beneficial ownership of 3,263,839.73 common shares, representing 5.31% of Ormat’s ordinary shares outstanding based on 61,496,941 shares as of September 14, 2026.

The position is held across several Phoenix subsidiaries, including trust funds, proprietary ("nostro") accounts, linked insurance policies, and Israeli share partnerships. Phoenix states that each subsidiary has independent management and decision-making and disclaims forming a group or beneficial ownership beyond its actual pecuniary interest.

Key Figures

Beneficially owned ORA shares: 3,263,839.73 shares Percent of ORA class owned: 5.31% ORA shares outstanding: 61,496,941 shares +5 more

8 metrics

Beneficially owned ORA shares 3,263,839.73 shares Reported by Phoenix Financial Ltd. as of September 10, 2026

Percent of ORA class owned 5.31% Phoenix Financial Ltd.’s reported beneficial ownership of Ormat ordinary shares

ORA shares outstanding 61,496,941 shares Ordinary shares outstanding as of September 14, 2026

Trust funds holdings 1,289,436.73 shares (2.10%) Beneficially owned by The Phoenix Investments House – trust funds

Nostro accounts holdings 232,570.00 shares (0.38%) Beneficially owned by The Phoenix "nostro" accounts

Linked insurance policies holdings 40,396.00 shares (0.07%) Beneficially owned by linked insurance policies of Phoenix

Partnership for Israeli shares holdings 1,698,446.00 shares (2.76%) Beneficially owned by Partnership for Israeli shares

Partnership for share indexes holdings 2,991.00 shares (0.0%) Beneficially owned by Partnership for investing in shares indexes

Key Terms

beneficial ownership, Sole Voting Power, Shared Dispositive Power, pecuniary interest, +1 more

5 terms

beneficial ownership financial

"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.

Sole Voting Power financial

"5 | Sole Voting Power 0.00 6 | Shared Voting Power"

Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.

Shared Dispositive Power financial

"8 | Shared Dispositive Power 3,263,839.73"

pecuniary interest financial

"disclaims any beneficial ownership of the securities covered beyond their actual pecuniary interest"

exchange-traded notes financial

"including for holders of exchange-traded notes or various insurance policies"

FAQ

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

How many ORA shares does Phoenix Financial Ltd. report owning?

Phoenix Financial Ltd. reports 3,263,839.73 Ormat Technologies (ORA) common shares beneficially owned, held through various subsidiaries and managed entities, according to the Schedule 13G filing.

What percentage of ORA’s outstanding shares does Phoenix Financial Ltd. hold?

Phoenix Financial Ltd. reports beneficial ownership of 5.31% of Ormat Technologies’ ordinary shares, based on 61,496,941 shares outstanding as of September 14, 2026.

How are Phoenix Financial Ltd.’s ORA holdings allocated among its entities?

As of September 10, 2026, holdings include 1,289,436.73 shares in trust funds, 232,570.00 in "nostro" accounts, 40,396.00 in linked insurance policies, 1,698,446.00 in a partnership for Israeli shares, and 2,991.00 in a partnership for share indexes.

Does Phoenix Financial Ltd. claim control over ORA through this 5.31% stake?

No. Phoenix Financial Ltd. states that each subsidiary operates under independent management, disclaims that a group exists, and disclaims beneficial ownership of Ormat shares beyond its actual pecuniary interest.

What voting and dispositive powers does Phoenix Financial Ltd. report for ORA shares?

Phoenix Financial Ltd. reports 0.00 shares with sole voting or dispositive power and 3,263,839.73 shares with shared voting and shared dispositive power over Ormat Technologies common stock.

Who signed the Schedule 13G relating to ORA for Phoenix Financial Ltd.?

The Schedule 13G was signed by Eli Schwartz, Vice President – Chief Financial Officer, and Haggai Schreiber, Executive Vice President – Chief Investment Officer of Phoenix Financial Ltd., on September 16, 2026.

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

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Available on EDGAR 09/16/2026 - 04:14 PM Accepted by SEC EDGAR 09/16/2026 - 04:13 PM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

ORMAT TECHNOLOGIES, INC.

(Name of Issuer)

Common Stock, $0.001 par value per share

(Title of Class of Securities)

686688102

(CUSIP Number)

09/10/2026

(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

Phoenix Financial 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 3,263,839.73
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 3,263,839.73

9

Aggregate Amount Beneficially Owned by Each Reporting Person

3,263,839.73

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)

5.31 %

12

Type of Reporting Person (See Instructions)

CO

Comment for Type of Reporting Person: With regard to rows (6), (7) and (11), the beneficial ownership of the securities reported herein is described in Item 4(a). Row (11) is Based on 61,496,941.00 Ordinary Shares outstanding as of September 14, 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: Phoenix Financial Ltd. The securities reported herein are beneficially owned by various direct or indirect, majority or wholly-owned subsidiaries of Phoenix Financial Ltd. (the "Subsidiaries"). The Subsidiaries manage their own funds and/or the funds of others, including for holders of exchange-traded notes or various insurance policies, members of pension or provident funds, unit holders of mutual funds, and portfolio management clients. 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: The address of the Phoenix Financial Ltd. is Derech Hashalom 53, Givataim, 53454, Israel.
(c)	Citizenship: Phoenix Financial Ltd. - Israel
(d)	Title of class of securities: Common Stock, $0.001 par value per share
(e)	CUSIP Number(s): 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. 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 September 10, 2026, the securities reported herein were held as follows: 1,289,436.73 ordinary shares (representing 2.10% of the total ordinary shares outstanding) beneficially owned by The Phoenix Investments House - trust funds. 232,570.00 ordinary shares (representing 0.38% of the total ordinary shares outstanding) beneficially owned by The Phoenix "nostro" accounts. 40,396.00 ordinary shares (representing 0.07% of the total ordinary shares outstanding) beneficially owned by Linked insurance policies of Phoenix. 1,698,446.00 ordinary shares (representing 2.76% of the total ordinary shares outstanding) beneficially owned by Partnership for Israeli shares (1). 2,991.00 ordinary shares (representing 0.0% of the total ordinary shares outstanding) beneficially owned by Partnership for investing in shares indexes (1). (1) All ownership rights in this partnership belong to companies that are part of Phoenix 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.

Phoenix Financial Ltd.

Signature:	/s/ Eli Schwartz
Name/Title:	Eli Schwartz / Vice President - Chief Financial Officer
Date:	09/16/2026

Signature:	/s/ Haggai Schreiber
Name/Title:	Haggai Schreiber / Executive Vice President - Chief Investment Officer
Date:	09/16/2026

Comments accompanying signature: Signature duly authorized by resolution of the Board of Directors, notice of which is attached as Exhibit 1 to this Schedule 13G.

Exhibit Information

Exhibit 1 - Notice of resolution of the Board of Directors of the Phoenix Holdings Ltd., dated as of December 12, 2019.