ORMAT TECHNOLOGIES, INC. — Director's Dealing 2026

May 12, 2026

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

☐ 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 10b5-1(c). See Instruction 10.

| 1. Name and Address of Reporting Person
Barniv Ravit | | 2. Issuer Name and Ticker or Trading Symbol
ORMAT TECHNOLOGIES, INC. [ORA] | | | | | 5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
☑ Director 10% Owner
☐ Officer (give title below) Other (specify below) | | |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| (Last) (First) (Middle)
C/O ORMAT TECHNOLOGIES, INC.
6884 SIERRA CENTER PARKWAY | | 3. Date of Earliest Transaction (Month/Day/Year)
05/07/2026 | | | | | 6. Individual or Joint/Group Filing (Check Applicable Line)
☑ Form filed by One Reporting Person
Form filed by More than One Reporting Person | | |
| (Street)
RENO NV 89511 | | 4. If Amendment, Date of Original Filed (Month/Day/Year) | | | | | | | |
| (City) (State) (Zip) | | | | | | | | | |
| Table I - 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 Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) |
| | | | Code | V | Amount | (A) or (D) | Price | | |
| Common Stock | 05/07/2026 | | M^{(1)(2)} | | 1,766 | A | $0 | 1,766 | D |

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| 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. 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) | | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | | 6. Date Exercisable and Expiration Date (Month/Day/Year) | | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) |
| | | | | Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | | | |
| Restricted Stock Units | (1) | 05/07/2026 | | M | | | 1,766 | (2) | (2) | Common Stock | 1,766 | $0 | 0 | D |

Explanation of Responses:
1. Each Restricted Stock Unit ("RSU") represents the right to receive one share of ORA common stock upon vesting.
2. On May 7, 2026, the first-year anniversary of the grant, 100% of the Restricted Stock Units vested.

Remarks:

/s/ Jessica Woelfel, as attorney-in-fact May 11, 2026
** Signature of Reporting Person Date