05/21/2026 | Press release | Distributed by Public on 05/21/2026 17:30
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FORM 4
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) | ||
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1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) |
4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Stock Appreciation Rights | $67.54 | 05/13/2025 | M(4) | 1,315 | 11/04/2021 | 11/04/2026 | Common Stock | 1,315 | $ 0 | 0 | D | ||||
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
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Granot David C/O ORMAT TECHNOLOGIES, INC. 6884 SIERRA CENTER PARKWAY RENO, NV 89511 |
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| /s/ Jessica Woelfel, as attorney-in-fact | 05/21/2026 | |
| **Signature of Reporting Person | Date |
| * | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
| ** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
| (1) | Represents the exercise of Stock Appreciation Rights ("SARs") expiring on November 4, 2026, for which the reporting person exercised all 1,315 shares. |
| (2) | This represents the difference between the number of SARs exercised (1,315) and the number of shares issued as a result of the exercise (112). The number of shares to be issued under a SAR exercise is determined by multiplying the number of SARs being exercised by the difference between the market value on the date of exercise ($73.84) and the exercise price ($67.54). |
| (3) | Represents shares of common stock sold in the open market on May 13, 2025. |
| (4) | This amendment corrects the original Form 4 filed on May 15, 2025. The original filing omitted the exercise of 1,315 SARs and the disposition of 1,203 shares for that exercise. The original filing incorrectly reported 112 shares as an open market sale that were the net shares resulting from the SAR exercise. Table II has been updated to reflect the SAR exercise, and Table I has been updated to reflect the acquisition of shares via exercise (Code M), the disposition of shares for tax withholding (Code D), and the corrected post-transaction beneficial ownership amounts. |