DAN FALK - 02 Jun 2022 Form 4 Insider Report for ORMAT TECHNOLOGIES, INC. (ORA)

Role
Director
Signature
/s/ Ehud Ben Yemini - as attorney in fact
Issuer symbol
ORA
Transactions as of
02 Jun 2022
Net transactions value
$0
Form type
4
Filing time
02 Jun 2022, 16:30:24 UTC
Previous filing
31 May 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ORA Common Stock Options Exercise $0 +1,581 +79% $0.000000 3,595 02 Jun 2022 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ORA Restricted Stock Units Options Exercise $0 -1,581 -100% $0.000000* 0 02 Jun 2022 Common Stock 1,581 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person's restricted stock units (the "RSUs") were initially set to vest in their entirety on November 3, 2022, the one-year anniversary of the date of grant. The vesting of the common stock underlying the RSUs was accelerated to June 2, 2022, in connection with the Reporting Person's previously-announced departure from the Issuer following the annual meeting of stockholders on such date, as previously approved by the compensation committee of the board of directors of the Issuer.
F2 Each RSU represented the right to receive one share of the Issuer's common stock upon vesting.