ORMAT TECHNOLOGIES, INC. — Director's Dealing 2026

May 22, 2026

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington,

D.C.

20549

OMB APPROVAL

OMB Number: 3235-0287

Estimated average burden

hours per response: 0.5

☐ 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* Granot David			2. Issuer Name and Ticker or Trading Symbol ORMAT TECHNOLOGIES, INC. [ORA ]					5. Relationship of Reporting Person(s) to Issuer (Check all applicable)
(Last) (First) (Middle) C/O ORMAT TECHNOLOGIES, INC. 6884 SIERRA CENTER PARKWAY	3. Date of Earliest Transaction (Month/Day/Year) 05/13/2025					X Director Officer (give title below)	10% Owner Other (specify below)
			4. If Amendment, Date of Original Filed (Month/Day/Year) 05/15/2025	6. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person Form filed by More than One Reporting Person
(Street) RENO NV 89511
(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)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)
Common Stock		05/13/2025		M(2)(2)(4)		1,315	A	$67.54	4,978	D
Common Stock		05/13/2025		D(2)(4)		1,203	D	$73.84	3,775	D
Common Stock		05/13/2025		S(2)(3)		112	D	$73.84	3,663	D

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Common Stock	05/13/2025		S(3)		111	D	$73.011	3,552	D
Common Stock	05/13/2025		S(3)		404	D	$73.01	3,148	D
Common Stock	05/13/2025		S(3)		323	D	$72.99	2,825	D
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. 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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title
Stock Appreciation Rights	$67.54	05/13/2025		M(4)			1,315	11/04/2021	11/04/2026	Common Stock

Explanation of Responses:

1. Represents the exercise of Stock Appreciation Rights ("SARs") expiring on November 4, 2026, for which the reporting person exercised all 1,315 shares.
2. This represents the difference between the number of SARs exercised (1,315) and the number of shares issued as a result of the exercise (112). The number of shares to be issued under a SAR exercise is determined by multiplying the number of SARs being exercised by the difference between the market value on the date of exercise ($73.84) and the exercise price ($67.54).
3. Represents shares of common stock sold in the open market on May 13, 2025.
4. This amendment corrects the original Form 4 filed on May 15, 2025. The original filing omitted the exercise of 1,315 SARs and the disposition of 1,203 shares for that exercise. The original filing incorrectly reported 112 shares as an open market sale that were the net shares resulting from the SAR exercise. Table II has been updated to reflect the SAR exercise, and Table I has been updated to reflect the acquisition of shares via exercise (Code M), the disposition of shares for tax withholding (Code D), and the corrected post-transaction beneficial ownership amounts.

Remarks:

/s/ Jessica Woelfel, as attorney-in-fact
May 21, 2026

** Signature of Reporting Person
Date