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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).

Note: File three copiesof thisForm, one of which must be manually signed. If space isinsufficient, see Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

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