Ormat Technologies : FORM 4-STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP-Ben Yosef Ofer

FORM 4

[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility

(Print or Type Responses)

Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

1.

Name and Address of Reporting Person*

2.

Issuer Name and Ticker or Trading Symbol

5. Relationship of Reporting Person(s) to Issuer

(Check all applicable)

Ben Yosef

Ofer

Ormat Technologies, Inc. [ORA]

Director

10% Owner

X

Officer (give

Other (specify

(Last)

(First)

(Middle)

3.

Date of Earliest Transaction Required

4.

If Amendment, Date Original Filed

title below)

below)

c/o Ormat Technologies, Inc.

to be Reported (Month/Day/Year)

(Month/Day/Year)

Executive Vice President - Energy Storage

6140 Plumas St

03/01/2023

and Business Development

(Street)

6. Individual or Joint/Group Filing

RENO

NEVADA

89519-6075

X

Form filed by One Reporting Person

Form filed by More than One Reporting Person

(City)

(State)

(Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.

Title of Security

2. Trans-

2A. Deemed

3.

Transaction

4. Securities Acquired (A)

5.

Amount of

6.

Owner-

7. Nature

(Instr. 3)

action

Execution

Code (Instr. 8)

or Disposed of (D)

Securities

ship

of In-

Date

Date,

(Instr. 3, 4 and 5)

Beneficially

Form:

direct

(Month/

if any

(A) or

Owned

Direct (D)

Bene-

Day/

(Month/

Following

or

ficial

(D)

Year)

Day/

Code

V

Amount

Price

Reported

Indirect

Owner-

Year)

Transaction(s)

(I)

ship

(Instr. 3 and 4)

(Instr. 4)

(Instr. 4)

Common Stock

03/01/2023

M

358

A

$0

2,265

D

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

• If the form is filed by more than one reporting person, see Instruction 4(b)(v).
  Potential persons who are to 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.

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned

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

1. Title of Derivative

2. Conversion

3. Trans-

3A.Deemed

4.

Transaction

5. Number of

6. Date Exercisable and

7. Title and Amount of

8. Price of

9. Number of

10. Owner-

11. Nature

Security (Instr. 3)

or Exercise

action

Execution

Code (Instr. 8)

Deriva-

Expiration Date

Underlying Securities

Deriv-

Derivative

ship Form

of Indirect

Price of

Date

Date, if any

tive Securities

(Month/Day/Year)

(Instr. 3 and 4)

ative Secu-

Securities

of Deriva-

Beneficial

Derivative

(Month/

Acquired (A) or

rity

Beneficially

tive

Owner-

Security

(Month/

Day/

Disposed of (D)

(Instr. 5)

Owned

Security:

ship (Instr.

Day/

Year)

(Instr. 3, 4 and 5)

Date Exer-

Expiration

Amount or

Following

Direct (D)

4)

Year)

Title

Number of

Reported

or Indirect

cisable

Date

Shares

Transac-

(I) (Instr.

Code

V

(A)

(D)

tion(s)

4)

(Instr. 4)

Restricted Stock

(1)

03/01/2023

M

358

(2)

(2)

Common

358

$0

1,073

D

Units

Stock

Explanation of Responses (footnotes):

1. Each Restricted Stock Unit represents the right to receive one share of ORA common stock upon vesting.
2. 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.

• Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

	/s/ Ehud Ben Yemini - as attorney-in-fact	03/01/2023
	**Signature of Reporting Person	Date
Note: File three copies of this Form, one of which must be manually signed.
If space is insufficient, see Instruction 6 for procedure.
		Page 2
Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.