Form 4: ORMAT Director Exercises SARs, Sells Shares

ORMAT Technologies Director David Granot exercised Stock Appreciation Rights and sold a portion of the resulting common stock.

Summary

• David Granot, a Director of ORMAT Technologies, Inc. (ORA), reported transactions on August 21, 2025, involving the exercise of Stock Appreciation Rights (SARs) and subsequent sale of common stock.
• The transactions were made pursuant to a Rule 10b5-1(c) plan.
• Exercised 1,210 Stock Appreciation Rights (SARs) with an exercise price of $76.87 per share.
• Disposed of 1,011 shares of common stock to the issuer at a price of $92.435 per share to cover the exercise price of the SARs.
• Sold 99 shares of common stock in the open market at $92.44 per share.
• Sold an additional 100 shares of common stock in the open market at $92.43 per share.
• Following these transactions, David Granot directly beneficially owns 2,479 shares of ORMAT Technologies common stock and 0 derivative securities (SARs).

Sentiment

Score: 5

Explanation: Neutral, as this is a routine insider transaction report detailing the exercise of Stock Appreciation Rights and subsequent share sales, which typically does not carry direct positive or negative implications for company performance or strategy.

Future Outlook

This filing, an insider transaction report (Form 4), does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This Form 4 filing details a routine insider transaction and does not provide information relevant to broader industry trends or competitive analysis.

Related Party Transactions

• The disposition of 1,011 shares to the issuer to cover the exercise price of the Stock Appreciation Rights is a standard, pre-arranged transaction between the reporting person and the company.

Stakeholder Impact

• The reported transactions are routine insider dealings and are unlikely to have a significant direct impact on shareholders, employees, customers, suppliers, or creditors.

Key Dates

Keywords

ORMAT Technologies, ORA, Form 4, Insider Trading, Stock Appreciation Rights, SARs, Director Transaction, David Granot, Rule 10b5-1