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ORMAT TECHNOLOGIES, INC. Director's Dealing 2023

May 23, 2023

6968_rns_2023-05-22_225a72dd-2ae3-4c75-a451-46d485579613.pdf

Director's Dealing

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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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility (Print or Type Responses) Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

1.
Name and Address of Reporting Person*
2.
Issuer Name and
Ticker or Trading Symbol
5.
Relationship of Reporting Person(s)
to Issuer
(Check all applicable)
Stern Stanley Ormat Technologies, Inc. [ORA] X
Director
Officer (give
10% Owner
Other (specify
(Last)
(First)
(Middle)
c/o Ormat Technologies, Inc.
3.
Date of Earliest Transaction Required
to be Reported (Month/Day/Year)
4.
If Amendment, Date Original Filed
(Month/Day/Year)
title below)
below)
6140 Plumas St 05/19/2023
(Street) 6.
Individual or Joint/Group Filing
(Check Applicable Line)
RENO NEVADA 89519-6075 X
Form filed by One Reporting Person
Form filed by More than One Reporting Person
(City) (State) (Zip) Table I —
Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.
Title of Security
(Instr. 3)
2. Trans
action
Date
2A. Deemed
Execution
Date,
3.
Transaction
4.
Securities Acquired (A)
Code (Instr. 8)
or Disposed of (D)
(Instr. 3, 4 and 5)
5.
Amount of
Securities
Beneficially
6.
Owner
ship
Form:
7.
Nature
of In
direct
(Month/
Day/
Year)
if any
(Month/
Day/
Year)
Code V Amount (A) or
(D)
Price Owned
Following
Reported
Transaction(s)
(Instr. 3 and 4)
Direct (D)
or
Indirect
(I)
(Instr. 4)
Bene
ficial
Owner
ship
(Instr. 4)
Common Stock 05/19/2023 M 1,361 A \$63.35 8,979 D
Common Stock 05/19/2023 D 1,024 D \$84.193 7,955 D
Common Stock 05/19/2023 S 337 D \$84.57(1) 7,618 D
Common Stock 05/19/2023 S 1,581 D \$84.42 6,037 D

Explanation of Responses:

(1) The price reported in column 4 is weighted average price. These shares were sold in multiple transactions, at prices ranging from \$84.39 to \$84.46, inclusive. The reporting person undertakes to provide Ormat Technologies, Inc., any of its security holders, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price set forth in this footnote.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

1. Title of Derivative
Security (Instr. 3)
2. Conversion
or Exercise
Price of
Derivative
Security
3. Trans
action
Date
(Month/
Day/
Year)
3A.Deemed
Execution
Date, if
any
(Month/
Day/
Year)
4. Transaction
Code (Instr. 8)
5. Number of
Deriva
tive Securities
Acquired (A) or
Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and
Expiration Date
(Month/Day/Year)
Date Exer
Expiration 7. Title and Amount of
(Instr. 3 and 4)
Title
Underlying Securities
Amount or
Number of
8. Price of
Deriv
ative Secu
rity
(Instr. 5)
9. Number of
Derivative
Securities
Beneficially
Owned
Following
Reported
10. Owner
ship Form
of Deriva
tive
Security:
Direct (D)
or Indirect
11.Nature
of Indirect
Beneficial
Owner
ship (Instr.
4)
Code V (A) (D) cisable Date Shares Transac
tion(s)
(Instr. 4)
(I) (Instr.
4)
Stock Appreciation
Rights
(SAR)
\$63.35 05/19/2023 M 1,361 11/07/2018 11/07/2023 Common
Stock
1,361 \$0 0 D

Table II — Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)

Explanation of Responses (footnotes):

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

/s/ Ehud Ben Yemini -
as attorney-in-fact
05/22/2023
**Signature of Reporting Person Date
Note:
File three copies of this Form, one of which must be manually signed.
If space is insufficient, see
Instruction 6 for procedure.

Page 2

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.