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ORMAT TECHNOLOGIES, INC. — Director's Dealing 2025
Nov 6, 2025
6968_dirs_2025-11-06_4551fed6-f993-4c14-96cb-383a3f32f331.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: ORMAT TECHNOLOGIES, INC. (ORA)
CIK: 0001296445
Period of Report: 2025-11-05
Reporting Person: Benyosef Ofer (EVP, Energy Storage & BD)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2025-11-05 | Common Stock | M | 21271 | $68.34 | Acquired | 22892 | Direct |
| 2025-11-05 | Common Stock | D | 12640 | $115 | Disposed | 10252 | Direct |
| 2025-11-05 | Common Stock | M | 3300 | $71.15 | Acquired | 13552 | Direct |
| 2025-11-05 | Common Stock | D | 2041 | $115 | Disposed | 11511 | Direct |
| 2025-11-05 | Common Stock | S | 9890 | $115 | Disposed | 1621 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2025-11-05 | Stock Appreciation Rights (SARs) | $68.34 | M | 21271 | Disposed | 2026-05-12 | Common Stock (21271) | Direct |
| 2025-11-05 | Stock Appreciation Rights (SARs) | $71.15 | M | 3300 | Disposed | 2028-03-01 | Common Stock (3300) | Direct |
Footnotes
F1: Represents the exercise of Stock Appreciation Rights ("SARs") expiring on 05/12/2026, for which the reporting person exercised all 21,271 shares.
F2: This represents the difference between the number of SARs exercised (21,271) and the number of shares issued as a result of the exercise (8,631). The number of shares to be issued under a SAR exercise is determined by multiplying the number of SARs being exercised by the difference between the market value on the date of exercise ($115.00) and the exercise price ($68.34).
F3: Represents the exercise of SARs expiring on 03/1/2028, for which the reporting person exercised 3,300 of the 4,401 shares.
F4: This represents the difference between the number of SARs exercised (3,300) and the number of shares issued as a result of the exercise (1,259). The number of shares to be issued under a SAR exercise is determined by multiplying the number of SARs being exercised by the difference between the market value on the date of exercise ($115.00) and the exercise price ($71.15).
F5: Represents shares of common stock sold in the open market on November 5, 2025 pursuant to a 10b5-1 Plan adopted by the reporting person on 06/26/2025.