Form 4: Ormat Technologies Director Byron Wong Reports Sale of Shares Under 10b5-1 Plan

Ormat Technologies Director Byron G. Wong reported the sale of 460 shares of common stock at a weighted average price of $84.04, conducted under a Rule 10b5-1 plan.

Summary

• Byron G. Wong, a Director of Ormat Technologies, Inc. (ORA), reported the sale of common stock.
• The transaction occurred on June 27, 2025.
• 460 shares of common stock were sold.
• The weighted average sale price was $84.04 per share, with transactions ranging from $84.0401 to $84.0400.
• Following the transaction, Byron G. Wong directly owns 8,659 shares of Ormat Technologies common stock.
• The reported holdings reflect a previously reported adjustment of 460 shares, as detailed in a Form 4/A filed on May 22, 2025.
• The transaction was made pursuant to a contract, instruction, or written plan for the sale of equity securities intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Sentiment

Score: 5

Explanation: The filing reports a director's sale of shares, which can be perceived neutrally to slightly negatively. However, the transaction was conducted under a Rule 10b5-1 plan, indicating a pre-scheduled sale rather than a reaction to new information, which mitigates potential negative sentiment.

Negatives

• A Director, Byron G. Wong, sold 460 shares of common stock, which can be perceived as a disposition of holdings by an insider.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• Byron G. Wong, a Director of Ormat Technologies, Inc., sold 460 shares of common stock to manage personal liquidity, as reported in this insider transaction filing.

Stakeholder Impact

• Shareholders may interpret the director's sale as a neutral to slightly negative signal regarding insider confidence, though the pre-planned nature under a 10b5-1 plan lessens the immediate impact.

Key Dates

Keywords

Ormat Technologies, ORA, Form 4, insider trading, share sale, director, Byron Wong, common stock, 10b5-1 plan