ORMAT TECHNOLOGIES, INC. — Director's Dealing 2026

Mar 3, 2026

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ORMAT TECHNOLOGIES, INC. (ORA)
CIK: 0001296445
Period of Report: 2026-03-01

Reporting Person: Blachar Doron (Chief Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2026-03-01	Common Stock	M	805	—	Acquired	36224	Direct
2026-03-01	Common Stock	M	5139	—	Acquired	41363	Direct
2026-03-01	Common Stock	M	3871	—	Acquired	45234	Direct
2026-03-01	Common Stock	M	1249	—	Acquired	46483	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2026-03-01	Restricted Stock Units	$	M	805	Disposed		Common Stock (805)	Direct
2026-03-01	Restricted Stock Units	$	M	5139	Disposed		Common Stock (5139)	Direct
2026-03-01	Restricted Stock Units	$	M	3871	Disposed		Common Stock (3871)	Direct
2026-03-01	Restricted Stock Units	$	M	1249	Disposed		Common Stock (1249)	Direct
2026-03-01	Restricted Stock Units	$	A	12653	Acquired		Common Stock (12653)	Direct

Footnotes

F1: Each Restricted Stock Unit ("RSU") represents the right to receive one share of ORA common stock upon vesting.

F2: This portion of RSUs vested on March 1, 2026, being the fourth anniversary of the grant date. 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.

F3: This portion of RSUs vested on March 1, 2026, being the second anniversary of the date of grant. These RSUs vest 33.33% on the first and second anniversary of the grant date and will vest 33.34% on the third anniversary of the grant date.

F4: This portion of RSUs vested on March 1, 2026, being the first anniversary of the date of grant. These RSUs vest 33.33% on the first and second anniversary of the grant date and will vest 33.34% on the third anniversary of the grant date.

F5: These PSUs were granted on March 1, 2022, and earned based on achievement of certain performance criteria, as previously reported on the reporting person's Form 4 filed on March 4, 2025. This represents the fourth and final vesting installment, which vested and was paid out on March 1, 2026.

F6: In addition, the reporting person was granted 12,653 time-vesting RSUs on March 1, 2026. 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.