Shlomi Argas - Mar 1, 2023 Form 4 Insider Report for ORMAT TECHNOLOGIES, INC. (ORA)

Role
President
Signature
/s/ Ehud Ben Yemini - as attorney-in-fact
Stock symbol
ORA
Transactions as of
Mar 1, 2023
Transactions value $
$0
Form type
4
Date filed
3/1/2023, 08:39 PM
Previous filing
Nov 7, 2022
Next filing
Jun 15, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ORA Common Stock Options Exercise $0 +358 +5.62% $0.00 6.73K Mar 1, 2023 Direct

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 -358 -25.02% $0.00 1.07K Mar 1, 2023 Common Stock 358 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Restricted Stock Unit represents the right to receive one share of ORA common stock upon vesting.
F2 This portion of Restricted Stock Units vested on March 1, 2023, being the first-year anniversary of the date of grant. These Restricted Stock Units were granted on March 1, 2022 and vest 25% on each of the first, second, third and fourth anniversaries of the grant date. These Restricted Stock Units were initially reported by the reporting person on a Form 4 filed with the SEC on March 3, 2022, but due to an administrative error, the Form 4 incorrectly stated that the Restricted Stock Units vest 33% on the second anniversary of the grant date and 67% on the third anniversary of the date of grant.