Isaac Angel - 01 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
01 Jun 2022
Net transactions value
-$2,585,988
Form type
4
Filing time
03 Jun 2022, 18:24:13 UTC
Previous filing
09 Nov 2021
Next filing
07 Jun 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 $1,664,342 +38,823 +98% $42.87 78,438 01 Jun 2022 Direct
transaction ORA Common Stock Disposed to Issuer $1,664,339 -19,823 -25% $83.96 58,615 01 Jun 2022 Direct
transaction ORA Common Stock Sale $590,626 -7,081 -12% $83.41 51,534 01 Jun 2022 Direct F1, F2
transaction ORA Common Stock Sale $739,268 -8,805 -17% $83.96 42,729 01 Jun 2022 Direct F2, F3
transaction ORA Common Stock Sale $264,223 -3,114 -7.3% $84.85 39,615 01 Jun 2022 Direct F2, F4
transaction ORA Common Stock Options Exercise $1,048,857 +24,466 +62% $42.87 64,081 02 Jun 2022 Direct
transaction ORA Common Stock Disposed to Issuer $1,048,846 -12,543 -20% $83.62 51,538 01 Jun 2022 Direct
transaction ORA Common Stock Sale $737,461 -8,884 -17% $83.01 42,654 02 Jun 2022 Direct F2, F5
transaction ORA Common Stock Sale $254,425 -3,039 -7.1% $83.72 39,615 02 Jun 2022 Direct F2, F6

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 Stock Appreciation Rights (SARs) Options Exercise $0 -38,823 -39% $0.000000 61,177 01 Jun 2022 Common Stock 38,823 $42.87 Direct
transaction ORA Stock Appreciation Rights (SARs) Options Exercise $0 -24,466 -40% $0.000000 36,711 02 Jun 2022 Common Stock 24,466 $42.87 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $83.00 to $83.70, 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 ("SEC Staff"), upon request, full information regarding the number of shares sold at each price within the range specified herein.
F2 These sales were made pursuant to a Rule 10b5-1 plan.
F3 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $83.725 to $84.20, inclusive. The reporting person undertakes to provide to the Company, any securityholder of the Company or SEC Staff, upon request, full information regarding the number of shares sold at each price within the range specified herein.
F4 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $84.24 to $85.21, inclusive. The reporting person undertakes to provide to the Company, any securityholder of the Company or SEC Staff, upon request, full information regarding the number of shares sold at each price within the range specified herein.
F5 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $82.545 to $83.54, inclusive. The reporting person undertakes to provide to the Company, any securityholder of the Company or SEC Staff, upon request, full information regarding the number of shares sold at each price within the range specified herein.
F6 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $83.55 to $84.22, inclusive. The reporting person undertakes to provide to the Company, any securityholder of the Company or SEC Staff, upon request, full information regarding the number of shares sold at each price within the range specified herein.

Remarks:

The reporting person exercised the SARs and sold the underlying shares of common stock into the open market in light of the impending expiration of the SARs on June 14, 2022. The reporting person holds an additional 36,711 exercisable SARs subject to expiration on June 14, 2022, which he may elect to exercise and sell the underlying shares of common stock into the open market prior to such expiration date.