ORMAT TECHNOLOGIES, INC. — Director's Dealing 2022

Jun 4, 2022

FORM 4

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549

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STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, or Section 30(h) of the Investment Company Act of 1940

1. Name and Address of Reporting Person* Angel, Isaac			2. Issuer Name and Ticker or Trading Symbol Ormat Technologies, Inc. [ORA]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable)
(Last) (First)		(Middle)	3. Date of Earliest Transaction (Month/Day/Year)	X Director	10% Owner
c/o Ormat Technologies, Inc. 6140 Plums St.			06/01/2022	Officer (give title below)	Other (specify below)
	(Street)		4. If Amendment, Date Original Filed (Month/Day/Year) 6. Individual or Joint/Group Filing (Check Applicable	Line)
Reno NV 89519-6075				X Form Filed by One Reporting Person
(City)	(State)	(Zip)			___ 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 /	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)	6. Ownership Form: Direct (D)	7. Nature of Indirect Beneficial Ownership
		Year)	Code		V Amount	(A) or (D)	Price	(Instr. 3 and 4)	or Indirect (I) (Instr. 4)	(Instr. 4)
Common Stock	06/01/2022		M		38,823		A \$42.87	78,438	D
Common Stock	06/01/2022		D		19,823		D \$83.96	58,615	D
Common Stock	06/01/2022		S		7,081		D \$83.41 (1) (2)	51,534	D
Common Stock	06/01/2022		S		8,805		D \$83.96 (2) (3)	42,729	D
Common Stock	06/01/2022		S		3,114		D \$84.85 (2) (4)	39,615	D
Common Stock	06/02/2022		M		24,466		A \$42.87	64,081	D
Common Stock	06/01/2022		D		12,543		D \$83.62	51,538	D
Common Stock	06/02/2022		S		8,884		D \$83.01 (2) (5)	42,654	D
Common Stock	06/02/2022		S		3,039		D \$83.72 (2) (6)	39,615	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)	of (A) or of (D) and 5)	5. Number Derivative Securities Acquired Disposed (Instr. 3, 4,	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)	10. Ownership Form of Derivative Security: 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		(Instr. 4)
Stock Appreciation Rights (SARs)	\$42.87	06/01/2022		M			38,823 06/14/2018 06/14/2022 Common		Stock	38,823	\$0.00	61,177	D
Stock Appreciation Rights (SARs)	\$42.87	06/02/2022		M			24,466 06/14/2018 06/14/2022 Common		Stock	24,466	\$0.00	36,711	D

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 \$83.00 to \$83.70, 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.
• (2) These sales were made pursuant to a Rule 10b5-1 plan.
• (3) The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from \$83.725 to \$84.20, inclusive. The reporting person undertakes to provide to the Company, any securityholder of the Company or SEC Staff, upon request, full information regarding the number of shares sold at each price within the range specified herein.
• (4) The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from \$84.24 to \$85.21, inclusive. The reporting person undertakes to provide to the Company, any securityholder of the Company or SEC Staff, upon request, full information regarding the number of shares sold at each price within the range specified herein.
• (5) The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from \$82.545 to \$83.54, inclusive. The reporting person undertakes to provide to the Company, any securityholder of the Company or SEC Staff, upon request, full information regarding the number of shares sold at each price within the range specified herein.
• (6) The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from \$83.55 to \$84.22, inclusive. The reporting person undertakes to provide to the Company, any securityholder of the Company or SEC Staff, upon request, full information regarding the number of shares sold at each price within the range specified herein.

Remarks:

The reporting person exercised the SARs and sold the underlying shares of common stock into the open market in light of the impending expiration of the SARs on June 14, 2022. The reporting person holds an additional 36,711 exercisable SARs subject to expiration on June 14, 2022, which he may elect to exercise and sell the underlying shares of common stock into the open market prior to such expiration date.

Signatures

/s/ Ehud Ben Yemini as Attorney -in-Fact	06/03/2022
**Signature of Reporting Person	Date

Reporting Owners

	Relationships
Reporting Owner Name / Address		Director 10% Owner Officer Other
Angel, Isaac c/o Ormat Technologies, Inc. 6140 Plums St. Reno NV 89519-6075	X

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).

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