Angel Isaac 4

What Happened

• Angel Isaac, a director of Ormat Technologies, had 2,445 restricted stock units (RSUs) vest on May 7, 2026 and those RSUs converted into 2,445 shares of ORA common stock. The conversion/exercise was reported at $0.00 per share (no cash paid), resulting in a total reported value of $0 for the conversion line. This is a receipt of award (vesting), not a market purchase or sale.

Key Details

• Transaction date: May 7, 2026 (vest/conversion reported as code M: exercise/conversion of derivative)
• Report filed: May 11, 2026 (4 days after the transaction; appears to be filed late under the usual 2-business-day Form 4 requirement)
• Shares involved: 2,445 shares converted/received; reported price $0.00; reported value $0
• Shares owned after transaction: Not specified in the summary provided — see the full Form 4 for total beneficial ownership
• Footnotes: F1 — each RSU equals the right to one share on vesting; F2 — on May 7, 2026 (first-year anniversary) 100% of the RSUs vested

Context

• This was a routine RSU vesting event (award conversion), not an open-market buy or sale, so it doesn't directly signal a buying/selling decision by the insider. For derivative transactions like this, the RSUs simply converted into shares upon vesting; no cash proceeds or open-market disposition were reported here. Check the full Form 4 to confirm whether any shares were later sold or withheld for taxes.