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ORMAT TECHNOLOGIES, INC. Director's Dealing 2024

May 14, 2024

6968_rns_2024-05-15_7bf7a5eb-501e-4d6f-8d72-8bd5982930b0.pdf

Director's Dealing

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FORM 4

Checkthisbox if no longer subject to Section 16. Form 4 or Form 5 obligationsmay continue. See Instruction 1(b).

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

OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hoursper response: 0.5

Checkthisbox to indicate that a transaction wasmade pursuant to a contract, instruction or written plan that isintended to satisfy the affirmative defense conditionsof Rule 10b5-1(c). See Instruction 10.

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

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

1. Name and Addressof Reporting Person
Ginzburg, Assaf
* 2. Issuer Name and Ticker or Trading Symbol
Ormat Technologies, Inc. [ORA]
5. Relationship of Reporting Person(s) to Issuer
(Checkall applicable)
(Last)
(First)
(Middle)
c/o Ormat Technologies, Inc.
6140 PlumasSt.
3. Date of Earliest Transaction (Month/Day/Year)
05/12/2024
___ Director
10%Owner
X_ Officer (give title below)
_ Other (specify below)
Chief Financial Officer
(Street)
Reno NV 89519-6075
(City)
(State)
(Zip)
4. If Amendment, Date Original Filed (Month/Day/Year) 6. Individual or Joint/Group Filing (CheckApplicable Line)
X Form Filed byOne Reporting Person
___ Form Filed by More than One Reporting Person

Table I - Non-Derivative SecuritiesAcquired, 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. SecuritiesAcquired
(A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities
BeneficiallyOwned Following
Reported Transaction(s)
6.
Ownership
Form:
7. Nature
of Indirect
Beneficial
Year) Code V Amount (A) or
(D)
Price (Instr. 3 and 4) Direct (D)
or Indirect
(I)
(Instr. 4)
Ownership
(Instr. 4)
Common Stock, par value \$0.001 per share 05/12/2024 M (1) (2) 492 A \$0.00 26,440 D
Common Stock, par value \$0.001 per share 05/12/2024 M (3) 837 A \$0.00 27,277 D

Table II - Derivative SecuritiesAcquired, 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
SecuritiesUnderlying
Derivative Security
(Instr. 3 and 4)
8. Price of
Derivative
Security
(Instr. 5)
9. Number of
Derivative
Securities
Beneficially
Owned
Following
Reported
10.
Ownership
Form of
Derivative
Security:
Direct (D)
or Indirect
11. Nature
of Indirect
Beneficial
Ownership
(Instr. 4)
Code V (A) (D) Date
Exercisable
Expiration
Date
Title Amount or
Number of
Shares
Transaction(s)
(Instr. 4)
(I)
(Instr. 4)
Restricted Stock
Units
(1) (2) 05/12/2024 M 492 (2) (2) Common
Stock
492 \$0.00 0 D
Restricted Stock
Units
(3) 05/12/2024 M 837 (3) (3) Common
Stock
837 \$0.00 0 D

Explanation of Responses:

(1) On May 12, 2020, the reporting person wasgranted performance stockunits(with a target amount of 3,075), each of which representsthe right to receive one share of ORA common stockupon vesting (the "PSUs"). Pursuant to their terms, the PSUsare not deemed vested until they are both performance-vested and time-vested. On May 12, 2023, the third anniversary of the grant date of the PSUs, the PSUsperformance vested in an amount equal to 1,968 shares, based on the issuer'sachievement of relative total stockholder return during such performance period. 75%of such PSUswere immediately paid out, asthey were time-vested based on the reporting person'scontinued service since the grant date and the remaining 25%of such PSUswere subject to time-vesting through the fourth anniversary of the grant date, and were thusrepresented asrestricted stockunits("RSUs").

(2) On May 12, 2024, the fourth anniversary of the grant date of the PSUs, the remaining 25%of such PSUsthat converted into RSUstime vested, based on the reporting person'scontinued service through such date.

(3) In addition to the PSUs, the reporting person wasgranted 3,350 time-vesting RSUson May 12, 2020. Each RSUrepresentsthe right to receive one share of ORA common stockupon vesting. The final 25%of these time-vesting RSUsvested on May 12, 2024, the fourth-year anniversary of the date of grant.

Signatures

/s/ Jessica Woelfel, asattorney-in-fact 05/14/2024

**Signature of Reporting Person Date

05/14/2024
Date

Reporting Owners

Relationships
Reporting Owner Name / Address Director 10%Owner Officer Other
Ginzburg, Assaf
c/o Ormat Technologies, Inc.
6140 PlumasSt.
Reno NV 89519-6075
Chief Financial Officer

Reminder: Report on a separate line for each classof securitiesbeneficially owned directly or indirectly.

* If the form isfiled by more than one reporting person, see Instruction 4(b)(v).

** Intentional misstatementsor omissionsof factsconstitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copiesof thisForm, one of which must be manually signed. If space isinsufficient, see Instruction 6 for procedure.

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.

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