August 22, 2025 · Form 4 insider transaction
Ginzburg Assi bought 25,524 shares of Ormat Technologies, Inc. at $68.34 per share, a transaction worth $1.74M. The trade was recorded as option exercise and disclosed on an SEC Form 4, filed 3 days after the transaction.
Represents the exercise of Stock Appreciation Rights ("SARs") expiring on May 12, 2026, for which the reporting person exercised all 25,524 shares, disposed of 18,458 shares to the issuer to cover the exercise price of the SARs, and sold the remaining 7,066 shares acquired upon exercise in the open market on August 22, 2025.; Each SAR represents the right to receive shares of ORA common stock with a value equal to the amount by which the market value of the shares in respect of which the SAR is exercised exceeds the grant price set forth in the SAR, multiplied by the number of shares in respect of which the SAR is exercised.