03/03/2026 | Press release | Distributed by Public on 03/03/2026 20:55
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FORM 4
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) | ||
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1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) |
4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Restricted Stock Units | (1)(2) | 03/01/2026 | M | 358 | (2) | (2) | Common Stock | 358 | $ 0 | 0 | D | ||||
| Restricted Stock Units | (1)(3) | 03/01/2026 | M | 1,233 | (3) | (3) | Common Stock | 1,233 | $ 0 | 1,233 | D | ||||
| Restricted Stock Units | (1)(4) | 03/01/2026 | M | 1,162 | (4) | (4) | Common Stock | 1,162 | $ 0 | 2,322 | D | ||||
| Restricted Stock Units | (1)(5) | 03/01/2026 | M | 555 | (5) | (5) | Common Stock | 555 | $ 0 | 0 | D | ||||
| Restricted Stock Units | (1)(6) | 03/01/2026 | A | 3,763 | (6) | (6) | Common Stock | 3,763 | $ 0 | 3,763 | D | ||||
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
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Benyosef Ofer C/O ORMAT TECHNOLOGIES, INC. 6884 SIERRA CENTER PARKWAY RENO, NV 89511 |
EVP, Energy Storage & BD | |||
| /s/ Jessica Woelfel - as attorney-in-fact | 03/03/2026 | |
| **Signature of Reporting Person | Date |
| * | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
| ** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
| (1) | Each Restricted Stock Unit ("RSU") represents the right to receive one share of ORA common stock upon vesting. |
| (2) | This portion of RSUs vested on March 1, 2026, being the fourth 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. |
| (3) | This portion of RSUs vested on March 1, 2026, being the second anniversary of the date of grant. These RSUs vest 33.33% on the first and second anniversary of the grant date and will vest 33.34% on the third anniversary of the grant date. |
| (4) | This portion of RSUs vested on March 1, 2026, being the first anniversary of the date of grant. These RSUs vest 33.33% on the first and second anniversary of the grant date and will vest 33.34% on the third anniversary of the grant date. |
| (5) | These PSUs were granted on March 1, 2022 and earned based on achievement of certain performance criteria, as previously reported on the reporting person's Form 4 filed on March 4, 2025. This represents the fourth and final vesting installment, which vested and was paid out on March 1, 2026. |
| (6) | In addition, the reporting person was granted 3,763 time-vesting RSUs on March 1, 2026. 33.3% of 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. |