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

Role: EVP, Electricity Segment
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, 08:40 PM
Previous filing: Jan 3, 2023
Next filing: Mar 23, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ORA	Common Stock	Options Exercise	$0	+358	+34.03%	$0.00	1.41K	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	Award	$0	+1.5K		$0.00	1.5K	Mar 1, 2022	Common Stock	1.5K		Direct	F1, F2
transaction	ORA	Restricted Stock Units	Options Exercise	$0	-358	-25.02%	$0.00	1.07K	Mar 1, 2023	Common Stock	358		Direct	F1, F3

* 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	These Restricted Stock Units vest 33% on the second anniversary of the grant date and 67% on the third anniversary of the grant date.
F3	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.