Jessica Woelfel - 07 Nov 2025 Form 4 Insider Report for ORMAT TECHNOLOGIES, INC. (ORA)

Signature
/s/ Jessica Woelfel
Issuer symbol
ORA
Transactions as of
07 Nov 2025
Net transactions value
-$124,043
Form type
4
Filing time
10 Nov 2025, 20:25:57 UTC
Previous filing
30 Sep 2025
Next filing
03 Mar 2026

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Woelfel Jessica GC, CCO, and CS C/O ORMAT TECHNOLOGIES, INC., 6884 SIERRA CENTER PARKWAY, RENO /s/ Jessica Woelfel 10 Nov 2025 0001909177

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ORA Common Stock Options Exercise $71,150 +1,000 +29% $71.15 4,433 07 Nov 2025 Direct F1
transaction ORA Common Stock Disposed to Issuer $71,012 -632 -14% $112.36 3,801 07 Nov 2025 Direct F2
transaction ORA Common Stock Sale $41,348 -368 -9.7% $112.36 3,433 07 Nov 2025 Direct F3, F4
transaction ORA Common Stock Options Exercise $134,402 +1,889 +55% $71.15 5,322 10 Nov 2025 Direct F5
transaction ORA Common Stock Disposed to Issuer $134,320 -1,168 -22% $115.00 4,154 10 Nov 2025 Direct F6
transaction ORA Common Stock Sale $82,915 -721 -17% $115.00 3,433 10 Nov 2025 Direct F7

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 -1,000 -26% $0.000000 2,851 07 Nov 2025 Common Stock 1,000 $71.15 Direct
transaction ORA Stock Appreciation Rights (SARs) Options Exercise $0 -1,889 -66% $0.000000 962 10 Nov 2025 Common Stock 1,889 $71.15 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the exercise of Stock Appreciation Rights ("SARs") expiring on March 1, 2028, for which the reporting person exercised 1,000 of the 3,851 shares.
F2 This represents the difference between the number of SARs exercised (1,000) and the number of shares issued as a result of the exercise (368). 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 ($112.36) and the exercise price ($71.15).
F3 The price reported in column 4 is a weighted average price. These shares were executed and sold in multiple transactions at prices ranging from $112.35 to $112.39, 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, upon request, full information regarding the number of shares sold at each price within the range specified herein.
F4 Represents shares of common stock sold in the open market on November 7, 2025.
F5 Represents the exercise of SARs expiring on March 1, 2028, for which the reporting person exercised 1,889 of the 2,851 shares.
F6 This represents the difference between the number of SARs exercised (1,889) and the number of shares issued as a result of the exercise (721). 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).
F7 Represents shares of common stock sold in the open market on November 10, 2025.