Form 4 for ORA ORMAT TECHNOLOGIES, INC.
Accepted 2023-09-07 00:00:00 ET · period of report 2023-09-05 · accession 0001437749-23-025417 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2023-09-07 | 2023-09-05+ | ORA | Angel Isaac | Dir | D - Sale to Iss | $75.59 | -145.7K | 68.1K | -68% | -$11.01M |
| DM | 2023-09-07 | 2023-09-05+ | ORA | Angel Isaac | Dir | M - OptEx | $55.16 | +199.7K | 138.3K | New | +$11.01M |
| DM | 2023-09-07 | 2023-09-06 | ORA | Angel Isaac | Dir | S - Sale+OE | $74.61 | -27.8K | 41.9K | -40% | -$2.08M |
| DM | 2023-09-07 | 2023-09-05+ | ORA | Angel Isaac | Dir | M - OptEx | $0.00 | -199.7K | 3,345 | -98% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2023-09-06 | D | D | 75,500 | $75.48 | 69,746 | D | — | — | |
| 2 | Common | Common Stock | 2023-09-06 | M | A | 103,313 | $55.16 | 145,246 | D | — | — | (F2) Due to the circumstances described in footnote 1, column 5 of this row is based on the amount of shares beneficially owned after the sale of 26,144 shares, which was reported in the Prior Form 4 and so is not repeated here. The amount of shares beneficially owned after the sale of 26,144 shares reported in the prior Form 4 should have been 41,933. |
| 3 | Common | Common Stock | 2023-09-05 | D | D | 70,209 | $75.70 | 68,077 | D | — | — | (F1) On September 5, 2023, the reporting person exercised 96,353 stock appreciation rights, and then immediately sold 26,144 shares received from such exercise. In a Form 4 filed on September 6, 2023 (the "Prior Form 4"), the reporting person previously reported such sale of 26,144 shares, but omitted the prior exercise of the stock appreciation rights. This Form 4 timely reports the exercise, and so column 5 of this row reflects the amount of shares beneficially owned prior to such sale of 26,144 shares. |
| 4 | Common | Common Stock | 2023-09-05 | M | A | 96,353 | $55.16 | 138,286 | D | — | — | (F1) On September 5, 2023, the reporting person exercised 96,353 stock appreciation rights, and then immediately sold 26,144 shares received from such exercise. In a Form 4 filed on September 6, 2023 (the "Prior Form 4"), the reporting person previously reported such sale of 26,144 shares, but omitted the prior exercise of the stock appreciation rights. This Form 4 timely reports the exercise, and so column 5 of this row reflects the amount of shares beneficially owned prior to such sale of 26,144 shares. |
| 5 | Common | Common Stock | 2023-09-06 | S | D | 22,399 | $74.42 | 47,347 | D | — | — | (F5) These sales were made pursuant to a Rule 10b5-1 plan adopted by the reporting person on 04-02-2023. (F3) The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $74.10 to $75.06, inclusive. The reporting person undertakes to provide to Ormat Technologies, Inc. (the "Company"), any securityholder of the Company or the staff of the Securities and Exchange Commission ("SEC Staff"), upon request, full information regarding the number of shares sold at each price within the range specified herein. |
| 6 | Common | Common Stock | 2023-09-06 | S | D | 5,414 | $75.41 | 41,933 | D | — | — | (F4) The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $75.11 to $75.73, inclusive. The reporting person undertakes to provide to the Company, any securityholder of the Company or the SEC Staff, upon request, full information regarding the number of shares sold at each price within the range specified herein. (F5) These sales were made pursuant to a Rule 10b5-1 plan adopted by the reporting person on 04-02-2023. |
| 7 | Derivative | Stock Appreciation Rights (SARs) | 2023-09-05 | M | D | 96,353 | $0.00 | 106,658 | D | $55.16 · 2018-11-07 to 2023-11-07 | 96,353 Common Stock | |
| 8 | Derivative | Stock Appreciation Rights (SARs) | 2023-09-06 | M | D | 103,313 | $0.00 | 3,345 | D | $55.16 · 2018-11-07 to 2023-11-07 | 103,313 Common Stock |