Ormat Technologies : Other Report or Announcement

FORM 4

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

(Print or Type Responses)

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

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

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OMB Number:

3235-0287

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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 to

4.

If Amendment, Date Original Filed

title below)

below)

6140 Plumas Street

be Reported (Month/Day/Year)

(Month/Day/Year)

Executive Vice President Energy Storage and

Business Development

03/21/2023

(Street)

6.

Individual or Joint/Group Filing (Check Applicable Line)

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)

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

(A)

(D)

tion(s)

4)

(Instr. 4)

Restricted Stock

Common

Units

(1)

03/21/2023

A

2,502

(2)

(2)

2,502

0

2,502

D

stock

Explanation of Responses (footnotes):

• 1. Each restricted stock unit represents the right to receive one share of ORA common stock upon vesting.
  2. The restricted stock units vest 25% on each of the first, second, third and fourth anniversaries of the grant date.
• 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	03/23/2023
	**Signature of Reporting Person		Date
Note: File three copies of this Form, one of which must be manually signed.	By Power of Attorney
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.

WEST21612598.1