Form 4: Ormat CFO Sells 20,000 Shares Under 10b5-1 Plan

Ormat Technologies' Chief Financial Officer, Assi Ginzburg, sold 20,000 shares of common stock for approximately $2.25 million on November 7, 2025, under a pre-arranged trading plan.

Summary

• Assi Ginzburg, Chief Financial Officer of Ormat Technologies, Inc. (ORA), reported a sale of common stock.
• The transaction involved the disposition of 20,000 shares of common stock.
• The shares were sold on November 7, 2025, in the open market.
• The weighted average sale price was $112.725 per share, with individual transactions ranging from $112.53 to $113.03.
• The total value of the shares sold was approximately $2,254,500 (20,000 shares * $112.725).
• Following this transaction, Assi Ginzburg beneficially owns 4,482 shares of Ormat Technologies common stock.
• The sale was made pursuant to a Rule 10b5-1(c) contract, instruction, or written plan for the purchase or sale of equity securities.

Sentiment

Score: 5

Explanation: The sale was executed under a pre-arranged 10b5-1 trading plan, which typically indicates a planned liquidity event rather than a reaction to immediate company performance or outlook. This makes the sentiment neutral, as it's not a direct signal of management's current view on the stock's future.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders may view insider selling, even if pre-planned, as a potential signal, though the 10b5-1 plan mitigates concerns about opportunistic trading based on non-public information.

Key Dates

Recommendation

The sale by the CFO was conducted under a Rule 10b5-1 trading plan, suggesting a pre-determined liquidity event rather than a reaction to new material non-public information. While insider selling can sometimes be viewed negatively, the pre-planned nature mitigates immediate concerns about the company's short-term prospects. Investors should monitor future insider activity and company performance, but this specific transaction does not provide a strong signal for a buy or sell recommendation.

Keywords

Ormat Technologies, ORA, Assi Ginzburg, CFO, Insider Sale, Form 4, 10b5-1 Plan, Stock Transaction