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ORMAT TECHNOLOGIES, INC. Director's Dealing 2024

Mar 21, 2024

6968_rns_2024-03-21_abc7a38a-577b-4965-bf10-817149e4b817.pdf

Director's Dealing

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FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

OMB APPROVAL

OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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*
Blachar
Doron 2. Issuer Name
and
Ticker or Trading Symbol
ORMAT TECHNOLOGIES, INC.
[
ORA
]
3. Date of Earliest Transaction (Month/Day/Year)
03/21/2024
4. If Amendment, Date of Original Filed (Month/Day/Year)
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
(Last)
C/O ORMAT TECHNOLOGIES, INC.
6140 PLUMAS ST.
(First) Director
10% Owner
Officer (give title
Other (specify
X
below)
below)
Chief Executive Officer
(Street)
RENO
NV 6. Individual or Joint/Group Filing (Check Applicable Line)
X
Form filed by One Reporting Person
Form filed by More than One Reporting Person
(City) (State) (Zip) Rule 10b5-1(c) Transaction Indication
Check this box to indicate that a transaction was made
pursuant to a contract, instruction or written plan that is
intended to satisfy the affirmative defense conditions of Rule
10b5-1(c). See Instruction 10.
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/Year)
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
6.
Ownership
Form:
Direct (D) or
7. Nature of
Indirect
Beneficial
Ownership
Code V Amount (A)
or
(D)
Price Reported
Transaction(s)
(Instr. 3 and 4)
Indirect (I)
(Instr. 4)
(Instr. 4)
Common Stock 03/21/2024 M(1)(2) 2,252 A \$0 20,911 D
1. Title of
Derivative
Security (Instr.
3)
2.
Conversio
n or
Exercise
Price of
Derivative
3. Transaction
Date
(Month/Day/Yea
r)
Table II -
3A. Deemed
Execution Date,
if any
(Month/Day/Yea
r)
4.
Transacti
on Code
(Instr. 8)
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
5. Number of
Derivative
Securities
Acquired (A) or
Disposed of (D)
(Instr. 3, 4 and 5)
6. Date
Exercisable and
Expiration Date
(Month/Day/Yea
r)
7. Title and Amount
of Securities
Underlying Derivative
Security (Instr. 3 and
4)
8.
Price
of
Derivat
ive
Securit
9.
Number
of
derivative
Securities
Beneficial
10.
Ownershi
p Form:
Direct (D)
or Indirect
(I) (Instr.
11. Nature
of Indirect
Beneficial
Ownershi
p (Instr. 4)
Security Code V (A) (D) Date
Exercis
able
Expiratio
n Date
Title Amount
or
Number
of Shares
y
(Instr.
5)
ly Owned
Following
Reported
Transacti
on(s)
(Instr. 4)
4)
Restricted Stock
Units
(1)(2) 3/21/2024 M 2,252 (2) (2) Common
Stock
2,252 \$0 6,757 D
Explanation of Responses:
1.
2.
Remarks:
third and fourth anniversary of the grant date. Each Restricted Stock Unit represents the right to receive one share of ORA common stock upon vesting.
This portion of Restricted Stock Units vested on March 21, 2024, being the first
anniversary of the date of grant. These Restricted Stock Units were granted on March 21, 2023 and vest 25% on the first, second,
/s/ Jessica Woelfel, as attorney-in-fact 03/21/2024
** Signature of Reporting Person Date