FORM 4
UNITED STATES COMMISSION
SECURITIES AND
EXCHANGE
20549
OMB APPROVAL
OMB Number: 3235-0287 Estimated average burden
hours per response: 0.5
Washington,
D.C.
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
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
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
| Name and Address of Reporting Person* Angel Isaac |
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2. Issuer Name and Ticker or Trading Symbol ORMAT TECHNOLOGIES, INC. [ ORA ] |
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5. Relationship of Reporting Person(s) to Issuer (Check all applicable) |
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| (Last) |
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3. Date of Earliest Tr |
ansaction
/07/2025 |
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th/Day/Year) |
X Director 10% Owner Officer (give title Other (specify below) below) |
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| 6884 SIERRA CENTER PARKWAY (Street) RENO NV 89511 |
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4. If |
4. If Amendment, Date of Original Filed (Month/Day/Year) |
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Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person Form filed by More than One Reporting Person |
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(State) |
(Zip) |
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| 1. Title of Security (Instr. 3) 2. Transa Date |
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2. Transaction |
2A. Deemed
Execution Date, if |
3.
Transaction
Code (Instr.
8) |
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of, or Beneficially Owned 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) |
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5. Amount of
Securities
Beneficially
Owned Following |
6.
Ownership
Form:
Direct (D)
or Indirect
(I) (Instr. 4) |
7. Nature of
Indirect
Beneficial
Ownership
(Instr. 4) |
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Amount (A) or (D) |
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Price |
Reported
Transaction(s)
(Instr. 3 and 4) |
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| Common Stock |
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11/07/2025 |
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S (1) |
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18,018 |
D |
\$112.424690 |
29,650 |
D |
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities) |
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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) |
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5. Number of
Derivative
Securities
Acquired (A) or
Disposed of (D)
(Instr. 3, 4 and 5) |
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6. Date
Exercisable and
Expiration Date
(Month/Day/Yea
r) |
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7. Title and Amount
of Securities
Underlying Derivative
Security (Instr. 3 and
4) |
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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) |
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Security |
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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) |
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Explanation of Responses:
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- Represents shares of common stock sold in the open market on November 7, 2025.
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- The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from \$112.23 to \$112.775, inclusive. The reporting person undertakes to provide to Ormat Technologies, Inc. (the "Company"), any securityholder of the Company or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the range specified herein.
Remarks:
/s/ Jessica Woelfel – as attorney-in-fact 11/10/2025
** Signature of Reporting Person Date