Isaac Angel - 01 Sep 2023 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 Sep 2023
Net transactions value
-$3,874,583
Form type
4
Filing time
06 Sep 2023, 17:20:16 UTC
Previous filing
11 May 2023
Next filing
07 Sep 2023
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 $5,068,542 +91,888 +219% $55.16 133,821 01 Sep 2023 Direct
transaction ORA Common Stock Disposed to Issuer $5,068,539 -66,744 -50% $75.94 67,077 01 Sep 2023 Direct
transaction ORA Common Stock Sale $540,216 -7,178 -11% $75.26 59,899 01 Sep 2023 Direct F1, F4
transaction ORA Common Stock Sale $1,360,565 -17,966 -30% $75.73 41,933 01 Sep 2023 Direct F2, F4
transaction ORA Common Stock Sale $1,973,804 -26,144 -62% $75.50 15,789 05 Sep 2023 Direct F3, F4

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 -91,888 -31% $0.000000 203,011 08 May 2018 Common Stock 91,888 $55.16 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

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).

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 $74.9950 to $75.45, 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 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $75.46 to $76.45, inclusive. The reporting person undertakes to provide to the Company, any securityholder of the Company or the SEC Staff, upon request, full information regarding the number of shares sold at each price within the range specified herein.
F3 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $75.05 to $75.80, inclusive. The reporting person undertakes to provide to the Company, any securityholder of the Company or the SEC Staff, upon request, full information regarding the number of shares sold at each price within the range specified herein.
F4 These sales were made automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on 04/02/2023.