ORMAT TECHNOLOGIES, INC. — Director's Dealing 2025

Jun 24, 2025

FORM 4			UNITED STATES SECURITIES AND EXCHANGE COMMISSION			OMB APPROVAL
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may			Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP				OMB Number: Estimated average burden hours per response:	3235-0287 0.5
continue. See Instruction 1(b).	Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person* SHARIR DAFNA			2. Issuer Name and Ticker or Trading Symbol ORMAT TECHNOLOGIES, INC. [ ORA ]					5. Relationship of Reporting Person(s) to Issuer (Check all applicable)
(Last) (First) C/O ORMAT TECHNOLOGIES, INC.	(Middle)		3. Date of Earliest Transaction (Month/Day/Year) 06/20/2025					X	Director Officer (give title below)	10% Owner Other (specify below)
6884 SIERRA CENTER PARKWAY		4. If Amendment, Date of Original Filed (Month/Day/Year)						6. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person
(Street) RENO NV	89511						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) Date		2. Transaction (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)	7. Nature of Indirect Beneficial Ownership
				Code	V	Amount	(A) or (D)	Price	Reported Transaction(s) (Instr. 3 and 4)	or Indirect (I) (Instr. 4)	(Instr. 4)
Common Stock		06/20/2025		M(1)		1,210	A	\$76.87	5,648	D
Common Stock		06/20/2025				1,089	D	\$85.36	4,559	D
Common Stock	06/20/2025			S(1)		121	D	\$85.67	4,438	D
Common Stock		06/20/2025		M(2)		1,315	A	\$67.54	5,753	D

			Table I -			Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)			Date	2. Transaction (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)		7. Nature of Indirect Beneficial Ownership
								Code	V	Amount	(A) or (D)	Price	Reported Transaction(s) (Instr. 3 and 4)		or Indirect (I) (Instr. 4)		(Instr. 4)
Common Stock			06/20/2025				D(2)	1,035		D	\$85.78	4,718		D
Common Stock			06/20/2025				S(2)		280	D	\$85.81	4,438		D
Common Stock		06/20/2025				S(3)		1,200	D	\$85.5802	3,238		D
	Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversio n or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Yea r)	3A. Deemed Execution Date, if any (Month/Day/Yea r)	4. Transacti on 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/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)
				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)
Stock Appreciation Rights (SARS)	\$76.87	06/20/2025		M			1,210	11/07/2 020		11/06/20 25	Common Stock	1,210	\$0	0		D
Stock Appreciation Rights (SARS)	\$67.54	06/20/2025		M			1,315	11/04/2 021		11/04/20 26	Common Stock	1,315	\$0	0		D

Explanation of Responses:

• 1. 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.
• 1. 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.
• 1. Represents shares of common stock sold in the open market on June 20, 2025.

Remarks:

/s/ Jessica Woelfel – as attorney-in-fact 06/24/2025 ** Signature of Reporting Person Date