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ORMAT TECHNOLOGIES, INC. — Director's Dealing 2025
Sep 22, 2025
6968_rns_2025-09-23_c8adf824-db8a-4ad0-9d08-9bbde06f9ccd.pdf
Director's Dealing
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FORM 4
Checkthisbox if no longer subject to Section 16. Form 4 or Form 5 obligationsmay continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549
OMB Number: 3235-0287 Estimated average burden hoursper response: 0.5
OMB APPROVAL
Checkthisbox to indicate that a transaction wasmade pursuant to a contract, instruction or written plan that isintended to satisfy the affirmative defense conditionsof Rule 10b5-1(c). See Instruction 10.
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
Filed pursuant to Section 16(a) of the SecuritiesExchange Act of 1934, or Section 30(h) of the Investment Company Act of 1940
| 1. Name and Addressof Reporting Person Granot, David |
* | 2. Issuer Name and Ticker or Trading Symbol Ormat Technologies, Inc. [ORA] |
5. Relationship of Reporting Person(s) to Issuer (Checkall applicable) |
||||
|---|---|---|---|---|---|---|---|
| (Last) (First) (Middle) c/o Ormat Technologies, Inc. 6884 Sierra Center Parkway |
3. Date of Earliest Transaction (Month/Day/Year) 08/21/2025 |
X Director 10%Owner Officer (give title below) ___ Other (specify below) |
|||||
| Reno NV 89511 | (Street) | 4. If Amendment, Date Original Filed (Month/Day/Year) 08/25/2025 |
6. Individual or Joint/Group Filing (CheckApplicable Line) X Form Filed byOne Reporting Person ___ Form Filed by More than One Reporting Person |
||||
| (City) | (State) | (Zip) |
Table I - Non-Derivative SecuritiesAcquired, 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 / |
3. Transaction Code (Instr. 8) |
4. SecuritiesAcquired (A) or Disposed of (D) (Instr. 3, 4 and 5) |
5. Amount of Securities BeneficiallyOwned Following Reported Transaction(s) |
6. Ownership Form: |
7. Nature of Indirect Beneficial |
||
|---|---|---|---|---|---|---|---|---|---|
| Year) | Code | V Amount | (A) or (D) |
Price | (Instr. 3 and 4) | Direct (D) or Indirect (I) (Instr. 4) |
Ownership (Instr. 4) |
||
| Common Stock | 08/21/2025 | M (1) (2) | 1,210 | A | \$76.87 | (3) 2,851 |
D | ||
| Common Stock | 08/21/2025 | D(1) (2) | 1,011 | D | \$92.435 | (3) 1,840 |
D | ||
| Common Stock | 08/21/2025 | (1) (2) S |
99 | D | \$92.44 | (3) 1,741 |
D | ||
| Common Stock | 08/21/2025 | (1) (2) S |
100 | D | \$92.43 | (3) 1,641 |
D |
Table II - Derivative SecuritiesAcquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
| 1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security |
3. Transaction Date (Month / Day / Year) |
3A. Deemed Execution Date, if any (Month / Day / Year) |
4. Transaction Code (Instr. 8) |
Derivative Securities 5) |
5. Number of Acquired (A) or Disposed of (D) (Instr. 3, 4, and |
Expiration Date (Month / Day / Year) |
6. Date Exercisable and | Derivative Security (Instr. 3 and 4) |
7. Title and Amount of SecuritiesUnderlying |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported |
10. Ownership Form of Derivative Security: Direct (D) or Indirect |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Code | V (A) | (D) | Date Exercisable |
Expiration Date |
Title | Amount or Number of Shares |
Transaction(s) (Instr. 4) |
(I) (Instr. 4) |
||||||
| StockAppreciation Rights(SARs) |
\$76.87 | 08/21/2025 | M | 1,210 | 11/07/2020 11/06/2025 Common | Stock | 1,210 | \$0.00 | 0 | D |
Explanation of Responses:
(1) Representsthe exercise of StockAppreciation Rights("SARs") expiring on November 6, 2025, for which the reporting person exercised all 1,210 shares, disposed of 1,011 sharesto the issuer to cover the exercise price of the SARs, and sold the remaining 199 sharesacquired upon exercise in the open market on August 21, 2025.
(2) Each SARrepresentsthe right to receive sharesof ORA common stockwith a value equal to the amount by which the market value of the sharesin respect of which the SARisexercised exceedsthe grant price set forth in the SAR, multiplied by the number of sharesin respect of which the SARisexercised.
(3) The Reporting Person isamending the Form 4 filed August 25, 2025, which, due to administrative error, inadvertently overstated the Amount of SecuritiesBeneficiallyOwned (Table I, Box 5) following each of the previously reported transactionsby 838 shares. Thisamendment correctsthe Amount of SecuritiesBeneficiallyOwned (Table I, Box 5) following each of the previously reported transactionsto reflect an 838 decrease in the number of sharesfollowing each such transaction.
Signatures
/s/ Jessica Woelfel – asattorney-in-fact 09/22/2025
**Signature of Reporting Person Date
| 09/22/2025 | |
|---|---|
| Date |
Reporting Owners
| Relationships | |||||||
|---|---|---|---|---|---|---|---|
| Reporting Owner Name / Address | Director 10%Owner Officer Other | ||||||
| Granot, David c/o Ormat Technologies, Inc. 6884 Sierra Center Parkway Reno NV 89511 |
X |
Reminder: Report on a separate line for each classof securitiesbeneficially owned directly or indirectly.
* If the form isfiled by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatementsor omissionsof factsconstitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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