Doron Blachar - 01 Mar 2025 Form 4 Insider Report for ORMAT TECHNOLOGIES, INC. (ORA)

Role: Chief Executive Officer
Signature: /s/ Jessica Woelfel, as attorney-in-fact
Issuer symbol: ORA
Transactions as of: 01 Mar 2025
Net transactions value: $0
Form type: 4
Filing time: 04 Mar 2025, 21:24:17 UTC
Previous filing: 02 Jul 2024
Next filing: 25 Mar 2025
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	+805	+3.4%	$0.000000	24,282	01 Mar 2025	Direct	F1, F2
transaction	ORA	Common Stock	Options Exercise	$0	+5,135	+21%	$0.000000	29,417	01 Mar 2025	Direct	F1, F3
transaction	ORA	Common Stock	Options Exercise	$0	+3,750	+13%	$0.000000	33,167	01 Mar 2025	Direct	F1, 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	Restricted Stock Units	Options Exercise	$0	-805	-50%	$0.000000	804	01 Mar 2025	Common Stock	805		Direct	F1, F2
transaction	ORA	Restricted Stock Units	Options Exercise	$0	-5,135	-33%	$0.000000	10,284	01 Mar 2025	Common Stock	5,135		Direct	F1, F3
transaction	ORA	Performance Based Units	Options Exercise	$0	-5,974	-100%	$0.000000	0	01 Mar 2025	Common Stock	5,974		Direct	F4, F5
transaction	ORA	Restricted Stock Units	Options Exercise	$0	+1,250		$0.000000	1,250	01 Mar 2025	Common Stock	1,250		Direct	F1, F5
transaction	ORA	Restricted Stock Units	Award	$0	+11,613		$0.000000	11,613	01 Mar 2025	Common Stock	11,613		Direct	F6

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each Restricted Stock Unit ("RSU") represents the right to receive one share of ORA common stock upon vesting.
F2	This portion of RSUs vested on March 1, 2025, being the third anniversary of the grant date. These RSUs were granted on March 1, 2022 and vest 25% on each of the first, second, third and fourth anniversaries of the grant date.
F3	This portion of RSUs vested on March 1, 2025, being the first anniversary of the date of grant. These RSUs were granted on March 1, 2024 and vest 33% on the second anniversary of the grant date and 67% on the third anniversary of the grant date.
F4	On March 1, 2022, the reporting person was granted performance stock units (with a target amount of 5,974), each of which represents the right to receive one share of ORA common stock upon vesting (the "PSUs"). Pursuant to their terms, the PSUs are not deemed vested until they are both performance-vested and time-vested. The PSUs performance vest on the third anniversary of the grant date, in an amount (between 0% and 150% of target) based on the issuer's achievement of relative total stockholder return from the grant date until such third anniversary, and time vest 25% on each of the first, second, third and fourth anniversaries of the grant date, based on the reporting person's continued service.
F5	On March 1, 2025, the third anniversary of the grant date of the PSUs, 100% of the PSUs performance vested in the following amount based on the issuer's achievement of relative total stockholder return during the three-year performance period: 5,000. 75% of such PSUs were immediately paid out, as they were time-vested based on the reporting person's continued service since the grant date. The remaining 25% of such PSUs remain subject to time-vesting through the fourth anniversary of the grant date, and were thus represented as RSUs.
F6	In addition, the reporting person was granted 11,613 time-vesting RSUs on March 1, 2025. 33.3% on these time-vesting RSUs vest on the first and second anniversary of the grant date and 33.34% on the third anniversary of the grant date.