ORMAT TECHNOLOGIES, INC. — Director's Dealing 2025

Mar 5, 2025

FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

OMB APPROVAL

OMB Number:	3235-0287
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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* Ginzburg Assaf (Last) (First) (Middle) C/O ORMAT TECHNOLOGIES, INC. 6884 SIERRA CENTER PARKWAY (Street) RENO NV 89511					2. Issuer Name and Ticker or Trading Symbol ORMAT TECHNOLOGIES, INC.			5. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director	10% Owner
						3. Date of Earliest Transaction (Month/Day/Year) 03/01/2024		X	Officer (give title below) Chief Financial Officer		Other (specify below)
						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 Form filed by More than One Reporting Person
	(City)	(State)	(Zip)	Table I -		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. 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			03/01/2024			M(1)(2)		330	A	\$0	27,607	D
	Common Stock			03/01/2025			M(1)(3)		670	A	\$0	28,277	D
	Common Stock			03/01/2025			M(1)(4)		447	A	\$0	28,724	D
	Common Stock			03/01/2025			M(1)(5)		1,953	A	\$0	30,677	D
	Common Stock			03/01/2025			M(1)(6)		2,084	A	\$0	32,761	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)
Restricted Stock Units	(1)(2)	03/01/2024		M			330	(3)	(3)	Common Stock	330	\$0	670	D
Restricted Stock Units	(1)(3)	03/01/2025		M			670	(3)	(3)	Common Stock	670	\$0	0	D
Restricted Stock Units	(1)(4)	03/01/2025		M			447	(4)	(4)	Common Stock	447	\$0	447	D
Restricted Stock Units	(1)(5)	03/01/2025		M			1,953	(5)	(5)	Common Stock	1,953	\$0	3,906	D
Performance Based Units	(6)(7)	03/01/2025		M(6)(7)			3,319	(6)	(6)	Common Stock	3,319	\$0	0	D
Restricted Stock Units	(1)(7)	03/01/2025		M(6)(7)		694		(7)	(7)	Common Stock	694	\$0	694	D
Restricted Stock Units	(1)(8)	03/01/2025		A		5,807		(8)	(8)	Common Stock	5,807	\$0	5,807	D

Explanation of Responses:

1. Each Restricted Stock Unit ("RSU") represents the right to receive one share of ORA common stock upon vesting.

2. This portion of Restricted Stock Units ("RSUs") vested on March 1, 2024, being the second anniversary of the grant date. These RSUs were granted on March 1, 2022 and vest 33% on the second anniversary of the grant date and 67% on the third anniversary of the grant date. This transaction is being reported late due to an inadvertent administrative oversight. Due to this administrative error, subsequent Form 4s filed on and after March 1, 2024 underreported the number of shares beneficially owned by the reporting person by 330 shares.

3. 1. This portion of Restricted Stock Units vested on March 1, 2025, being the third anniversary of the grant date. These RSUs were granted on March 1, 2022 and vest 33% on the second anniversary of the grant date and 67% on the third anniversary of the grant date.
4. 1. This portion of RSUs vested on March 1, 2025, being the third anniversary of the date of grant. These RSUs were granted on March 1, 2022 and vest 25% on each of the first, second, third and fourth anniversaries of the grant date.

5. This portion of RSUs vested on March 1, 2025, being the first anniversary of the date of grant. These RSUs were granted on March 1, 2024 and vest 33.33% on each of the first and second anniversaries of the grant date and 33.34% on the third anniversary of the grant date.

6. On March 1, 2022, the reporting person was granted performance stock units (with a target amount of 3,319), each of which represents the right to receive one share of ORA common stock upon vesting (the "PSUs"). Pursuant to their terms, the PSUs are not deemed vested until they are both performance-vested and time-vested. The PSUs performance vest on the third anniversary of the grant date, in an amount (between 0% and 150% of target) based on the issuer's achievement of relative total stockholder return from the grant date until such third anniversary, and time vest 25% on each of the first, second, third and fourth anniversaries of the grant date, based on the reporting person's continued service.

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		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 r)	Exercisable and Expiration Date (Month/Day/Yea	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)	03/01/2024		M			330	(3)	(3)	Common Stock	330	\$0	670	D
Restricted Stock Units	(1)(3)	03/01/2025		M			670	(3)	(3)	Common Stock	670	\$0	0	D
Restricted Stock Units	(1)(4)	03/01/2025		M			447	(4)	(4)	Common Stock	447	\$0	447	D
Restricted Stock Units	(1)(5)	03/01/2025		M			1,953	(5)	(5)	Common Stock	1,953	\$0	3,906	D
Performance Based Units	(6)(7)	03/01/2025		M(6)(7)			3,319	(6)	(6)	Common Stock	3,319	\$0	0	D
Restricted Stock Units	(1)(7)	03/01/2025		M(6)(7)		694		(7)	(7)	Common Stock	694	\$0	694	D
Restricted Stock Units	(1)(8)	03/01/2025		A		5,807		(8)	(8)	Common Stock	5,807	\$0	5,807	D
7. On March 1, 2025, the third anniversary of the grant date of the PSUs, 100% of the PSUs performance vested in the following amount based on the issuer's achievement of relative total stockholder return during the three-year performance period: 2,778. 75% of such PSUs were immediately paid out, as they were time-vested based on the reporting person's continued service since the grant date. The remaining 25% of such PSUs remain subject to time-vesting through the fourth anniversary of the grant date, and were thus represented as RSUs. 8. In addition, the reporting person was granted 5,807 time-vesting RSUs on March 1, 2025. 33.3% of these time-vesting RSUs vest on the first and second anniversary of the grant date and 33.34% on the third anniversary of the grant date. Remarks:
										/s/ Jessica Woelfel, as attorney-in-fact			03/4/2025
		** Signature of Reporting Person Date