Form 4: Ormat Technologies Director Stanley Stern Sells 623 Shares
SEC Form 4
Director Stanley Stern sold 623 shares of Ormat Technologies (ORA) on May 31, 2024, at a price of $75.69 per share.
Summary
- On May 31, 2024, Stanley Stern, a director of Ormat Technologies, Inc. (ORA), sold 623 shares of common stock in the open market.
- The sale price was $75.69 per share.
- Following the transaction, Stern directly owns 5,659 shares of Ormat Technologies common stock.
Sentiment
Score: 5
Explanation: This is a neutral event. A director selling shares is neither inherently positive nor negative, but it's important to monitor for patterns or significant amounts.
Industry Context
This Form 4 filing indicates insider trading activity, which is common and closely monitored. It provides transparency into the transactions of company insiders.
Stakeholder Impact
- The sale of shares by a director could have a minor impact on shareholder confidence, depending on the size of the transaction and the context.
Key Dates
| Date | Description |
|---|---|
| 05/31/2024 | Date of transaction: Stanley Stern sold 623 shares of Ormat Technologies. |
| 06/04/2024 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.