Form 4: ORMAT Technologies Officer Sells Shares in Routine Transactions

ORMAT Technologies' General Counsel, CCO, and CS, Jessica Woelfel, reported sales of common stock totaling 3,927 shares through a 10b5-1 plan and tax-related sell-to-cover transactions.

Summary

• Jessica Woelfel, General Counsel, Chief Compliance Officer, and Corporate Secretary of ORMAT Technologies, Inc., reported multiple sales of common stock.
• On March 25, 2026, 427 shares were sold at $107.37 per share under a Rule 10b5-1 plan.
• Also on March 25, 2026, 834 shares were sold at $110.37 per share as part of an automatic sell-to-cover transaction to satisfy tax withholding obligations related to restricted stock unit vesting on March 21, 2026.
• On March 26, 2026, an additional 2,666 shares were sold at $110.39 per share, also under a Rule 10b5-1 plan.
• Following these transactions, Jessica Woelfel beneficially owns 3,433 shares of common stock directly.

Sentiment

Score: 5

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

Industry Context

StockSavvy.ai notes that routine insider sales, particularly those executed under pre-arranged 10b5-1 plans or for tax obligations, are common across all industries and typically do not signal a change in company fundamentals or management's long-term outlook.

Stakeholder Impact

• Shareholders: The sale represents a minor reduction in insider ownership, which is common for compensation and tax planning. It is unlikely to have a significant impact on shareholder sentiment or the company's operational strategy.

Key Dates

Keywords

ORMAT Technologies, ORA, Insider Trading, Form 4, Stock Sale, 10b5-1 Plan, Officer Transaction, Jessica Woelfel, Common Stock