Ofer Benyosef - Mar 1, 2023 Form 4 Insider Report for ORMAT TECHNOLOGIES, INC. (ORA)

Role: EVP - Energy Storage & BD
Signature: /s/ Ehud Ben Yemini - as attorney-in-fact
Stock symbol: ORA
Transactions as of: Mar 1, 2023
Transactions value $: $0
Form type: 4
Date filed: 3/1/2023, 08:39 PM
Previous filing: May 12, 2022
Next filing: Mar 23, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ORA	Common Stock	Options Exercise	$0	+358	+18.77%	$0.00	2.27K	Mar 1, 2023	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	ORA	Restricted Stock Units	Options Exercise	$0	-358	-25.02%	$0.00	1.07K	Mar 1, 2023	Common Stock	358		Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each Restricted Stock Unit represents the right to receive one share of ORA common stock upon vesting.
F2	This portion of Restricted Stock Units vested on March 1, 2023, being the first-year anniversary of the date of grant. These Restricted Stock Units were granted on March 1, 2022 and vest 25% on each of the first, second, third and fourth anniversaries of the grant date. These Restricted Stock Units were initially reported by the reporting person on a Form 4 filed with the SEC on March 3, 2022, but due to an administrative error, the Form 4 incorrectly stated that the Restricted Stock Units vest 33% on the second anniversary of the grant date and 67% on the third anniversary of the date of grant.

Content

Each Restricted Stock Unit represents the right to receive one share of ORA common stock upon vesting.

This portion of Restricted Stock Units vested on March 1, 2023, being the first-year anniversary of the date of grant. These Restricted Stock Units were granted on March 1, 2022 and vest 25% on each of the first, second, third and fourth anniversaries of the grant date. These Restricted Stock Units were initially reported by the reporting person on a Form 4 filed with the SEC on March 3, 2022, but due to an administrative error, the Form 4 incorrectly stated that the Restricted Stock Units vest 33% on the second anniversary of the grant date and 67% on the third anniversary of the date of grant.