ORIX CORP - 13 Dec 2024 Form 4 Insider Report for ORMAT TECHNOLOGIES, INC. (ORA)

Reporting relationship: Former 10% Owner
Issuer ticker: ORA
Reported as of: 13 Dec 2024
Net transaction value: -$278,906,000
SEC form: 4
Accepted by SEC: 13 Dec 2024, 16:05:07 UTC
Prior SEC filing: 29 Nov 2022
Source filing: View source filing
Reporting owner signature: /s/ ORIX Corporation, By: /s/ Nobuomi Iokamori, Senior Managing Director

Key filing fact

ORIX CORP filed Form 4 for ORMAT TECHNOLOGIES, INC. (ORA) on 13 Dec 2024.

Key facts

This page summarizes ORIX CORP's Form 4 filing for ORMAT TECHNOLOGIES, INC. (ORA).
1 reported transaction and 0 derivative rows are listed below.
Accepted by SEC: 13 Dec 2024, 16:05.

Change

Previous filing in this sequence was filed on 29 Nov 2022.
Current net transaction value: -$278,906,000.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

ORA transaction

Common Stock, par value $0.001 per share

Sale

Transaction value: $278,906,000
Shares: -3,700,000
Change %: -55%
Price: $75.38
Shares after: 2,976,077
Date: 13 Dec 2024
Ownership: Direct
Footnotes: F1, F2, F3

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

ORIX CORP is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 3 footnotes

Footnote F1

On December 13, 2024, ORIX Corporation ("ORIX") completed the sale of 3,700,000 of their shares of common stock, par value $0.001 per share ("Shares") of the Issuer pursuant to that certain Underwriting Agreement by and among ORIX, the Issuer and Goldman Sachs & Co. LLC (the "Underwriter"), dated December 11, 2024. The Underwriter has not yet exercised its option to purchase up to an additional 555,000 Shares, which option is exercisable for a period of 30 days after December 11, 2024 ("Over-Allotment Option").

Footnote F2

The sales price of $75.38 represents the $76.20 public offering price per Share, less the underwriting discount of $0.82 per Share.

Footnote F3

In addition to the reported transaction, 555,000 Shares that continue to be held by the Reporting Person are subject to the Over-Allotment Option.