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ORMAT TECHNOLOGIES, INC. — Director's Dealing 2025
Jun 24, 2025
6968_dirs_2025-06-24_11c73d5d-704d-48e4-8f93-575daafcf4a4.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: 2025-06-20
Reporting Person: SHARIR DAFNA (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2025-06-20 | Common Stock | M | 1210 | $76.87 | Acquired | 5648 | Direct |
| 2025-06-20 | Common Stock | D | 1089 | $85.36 | Disposed | 4559 | Direct |
| 2025-06-20 | Common Stock | S | 121 | $85.67 | Disposed | 4438 | Direct |
| 2025-06-20 | Common Stock | M | 1315 | $67.54 | Acquired | 5753 | Direct |
| 2025-06-20 | Common Stock | D | 1035 | $85.78 | Disposed | 4718 | Direct |
| 2025-06-20 | Common Stock | S | 280 | $85.81 | Disposed | 4438 | Direct |
| 2025-06-20 | Common Stock | S | 1200 | $85.5802 | Disposed | 3238 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2025-06-20 | Stock Appreciation Rights (SARS) | $76.87 | M | 1210 | Disposed | 2025-11-06 | Common Stock (1210) | Direct |
| 2025-06-20 | Stock Appreciation Rights (SARS) | $67.54 | M | 1315 | Disposed | 2026-11-04 | Common Stock (1315) | Direct |
Footnotes
F1: Represents the exercise of Stock Appreciation Rights (SARS) expiring on November 06, 2025, for which the reporting person exercised all 1,210 shares, disposed of 1,089 shares to the issuer to cover the exercise price of the SARs, and sold the remaining 121 shares acquired upon exercise in the open market on June 20, 2025. Each SAR represents the right to receive shares of ORA common stock with a value equal to the amount by which the market value of the shares in respect of which the SAR is exercised exceeds the grant price set forth in the SAR, multiplied by the number of shares in respect of which the SAR is exercised.
F2: Represents the exercise of SARS expiring on November 04, 2026, for which the reporting person exercised all 1,315 shares, disposed of 1,035 shares to the issuer to cover the exercise price of the SARs, and sold the remaining 280 shares in the open market on June 20, 2025.
F3: Represents shares of common stock sold in the open market on June 20, 2025.