September 29, 2025 · Form 4 insider transaction
Blachar Doron sold 30,371 shares of Ormat Technologies, Inc. at $94.71 per share, a transaction worth $2.88M. The trade was recorded as disposition to the issuer and disclosed on an SEC Form 4, filed 1 day after the transaction.
This represents the difference between the number of SARs exercised (45,365) and the number of shares issued as a result of the exercise (14,994). 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 ($94.71) and the exercise price ($63.40).