Form 4: ORMAT Officer Sells Shares for Tax, 10b5-1 Plan

ORMAT Technologies officer Jessica Woelfel sold shares of common stock to cover tax obligations and under a pre-arranged 10b5-1 trading plan.

Summary

• Jessica Woelfel, General Counsel, Chief Compliance Officer, and Corporate Secretary of ORMAT Technologies, Inc. (ORA), reported sales of common stock.
• On March 2, 2026, 869 shares were sold at $104.59 per share to satisfy tax withholding obligations related to Restricted Stock Units vesting on March 1, 2026.
• On March 3, 2026, an additional 2,359 shares were sold at $105.16 per share under a Rule 10b5-1 trading plan, which was adopted on June 30, 2025, and modified on November 25, 2025.
• Following these transactions, Woelfel directly beneficially owns 5,792 shares of ORMAT Technologies common stock.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event. The transactions are routine insider sales for tax purposes and under a pre-arranged 10b5-1 plan, which typically do not indicate a change in company fundamentals or management sentiment.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that routine insider sales, particularly those for tax obligations or executed under pre-arranged 10b5-1 plans, are common and generally do not signal a change in management's outlook on the company's prospects. These transactions are often part of standard compensation and personal financial planning for executives.

Related Party Transactions

• The sales of common stock by an officer of the company are inherently related-party transactions as they involve an insider.

Stakeholder Impact

• Shareholders: The sale of shares by an officer could be perceived as a slight negative if not understood as routine, but given the reasons (tax obligations, 10b5-1 plan), the impact is likely minimal. The total number of shares sold (3,228) is a small fraction of the company's outstanding shares.
• Employees: No direct impact.
• Customers/Suppliers/Creditors: No direct impact.

Key Dates

Recommendation

The reported transactions are routine insider sales for tax obligations and under a pre-arranged 10b5-1 plan. These types of sales are common and generally do not reflect a change in the company's fundamental outlook or warrant a change in investment recommendation based solely on this filing. Investors should consider broader company performance and market conditions.

Keywords

ORMAT Technologies, ORA, Jessica Woelfel, Insider Trading, Form 4, Stock Sale, 10b5-1 Plan, Restricted Stock Units, Tax Withholding, Officer Transaction