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Filing Details

Accession Number:: 0001437749-23-025417
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2023-09-07 18:40:54
Reporting Period:: 2023-09-05

Accepted Time:: 2023-09-07 18:40:54
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1296445	Ormat Technologies Inc.	ORA	Electric Services (4911)	880326081

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1380031	Isaac Angel	C/O Ormat Technologies, Inc. 6140 Plums St. Reno NV 89519-6075		Yes	No	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Acquisiton	2023-09-05	96,353	$55.16	138,286	No	4	M	Direct
Common Stock	Disposition	2023-09-05	70,209	$75.70	68,077	No	4	D	Direct
Common Stock	Acquisiton	2023-09-06	103,313	$55.16	145,246	No	4	M	Direct
Common Stock	Disposition	2023-09-06	75,500	$75.48	69,746	No	4	D	Direct
Common Stock	Disposition	2023-09-06	22,399	$74.42	47,347	No	4	S	Direct
Common Stock	Disposition	2023-09-06	5,414	$75.41	41,933	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	D	Direct
No	4	M	Direct
No	4	D	Direct
No	4	S	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Stock Appreciation Rights (SARs)	Disposition	2023-09-05	96,353	$0.00	96,353	$55.16
Common Stock	Stock Appreciation Rights (SARs)	Disposition	2023-09-06	103,313	$0.00	103,313	$55.16

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
106,658	2018-11-07	2023-11-07	No	4	M	Direct
3,345	2018-11-07	2023-11-07	No	4	M	Direct

Footnotes

On September 5, 2023, the reporting person exercised 96,353 stock appreciation rights, and then immediately sold 26,144 shares received from such exercise. In a Form 4 filed on September 6, 2023 (the "Prior Form 4"), the reporting person previously reported such sale of 26,144 shares, but omitted the prior exercise of the stock appreciation rights. This Form 4 timely reports the exercise, and so column 5 of this row reflects the amount of shares beneficially owned prior to such sale of 26,144 shares.
Due to the circumstances described in footnote 1, column 5 of this row is based on the amount of shares beneficially owned after the sale of 26,144 shares, which was reported in the Prior Form 4 and so is not repeated here. The amount of shares beneficially owned after the sale of 26,144 shares reported in the prior Form 4 should have been 41,933.
The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $74.10 to $75.06, 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 ("SEC Staff"), upon request, full information regarding the number of shares sold at each price within the range specified herein.
The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $75.11 to $75.73, inclusive. The reporting person undertakes to provide to the Company, any securityholder of the Company or the SEC Staff, upon request, full information regarding the number of shares sold at each price within the range specified herein.
These sales were made pursuant to a Rule 10b5-1 plan adopted by the reporting person on 04-02-2023.