Ofer Benyosef - 05 Nov 2025 Form 4 Insider Report for ORMAT TECHNOLOGIES, INC. (ORA)

Role
EVP, Energy Storage & BD
Signature
/s/ Jessica Woelfel - as attorney-in-fact
Issuer symbol
ORA
Transactions as of
05 Nov 2025
Net transactions value
-$1,137,210
Form type
4
Filing time
06 Nov 2025, 21:31:43 UTC
Previous filing
26 Jun 2025
Next filing
10 Nov 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Benyosef Ofer EVP, Energy Storage & BD C/O ORMAT TECHNOLOGIES, INC., 6884 SIERRA CENTER PARKWAY, RENO /s/ Jessica Woelfel - as attorney-in-fact 06 Nov 2025 0001810578

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ORA Common Stock Options Exercise $1,453,660 +21,271 +1312% $68.34 22,892 05 Nov 2025 Direct F1
transaction ORA Common Stock Disposed to Issuer $1,453,600 -12,640 -55% $115.00 10,252 05 Nov 2025 Direct F2
transaction ORA Common Stock Options Exercise $234,795 +3,300 +32% $71.15 13,552 05 Nov 2025 Direct F3
transaction ORA Common Stock Disposed to Issuer $234,715 -2,041 -15% $115.00 11,511 05 Nov 2025 Direct F4
transaction ORA Common Stock Sale $1,137,350 -9,890 -86% $115.00 1,621 05 Nov 2025 Direct F5

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 -21,271 -100% $0.000000 0 05 Nov 2025 Common Stock 21,271 $68.34 Direct
transaction ORA Stock Appreciation Rights (SARs) Options Exercise $0 -3,300 -75% $0.000000 1,101 05 Nov 2025 Common Stock 3,300 $71.15 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 Represents the exercise of Stock Appreciation Rights ("SARs") expiring on 05/12/2026, for which the reporting person exercised all 21,271 shares.
F2 This represents the difference between the number of SARs exercised (21,271) and the number of shares issued as a result of the exercise (8,631). The number of shares to be issued under a SAR exercise is determined by multiplying the number of SARs being exercised by the difference between the market value on the date of exercise ($115.00) and the exercise price ($68.34).
F3 Represents the exercise of SARs expiring on 03/1/2028, for which the reporting person exercised 3,300 of the 4,401 shares.
F4 This represents the difference between the number of SARs exercised (3,300) and the number of shares issued as a result of the exercise (1,259). The number of shares to be issued under a SAR exercise is determined by multiplying the number of SARs being exercised by the difference between the market value on the date of exercise ($115.00) and the exercise price ($71.15).
F5 Represents shares of common stock sold in the open market on November 5, 2025 pursuant to a 10b5-1 Plan adopted by the reporting person on 06/26/2025.