Marom Michal 4

What Happened
Marom Michal, a director of Ormat Technologies (ORA), converted restricted stock units into 1,766 shares on May 7, 2026. The Form 4 lists an exercise/conversion of a derivative (code M) resulting in acquisition of 1,766 shares at an exercise price of $0.00 (no cash paid). The filing also shows a corresponding derivative disposition entry for 1,766 shares at $0.00; footnotes explain these were RSUs that vested.

Key Details

• Transaction date: 2026-05-07; Form 4 filed 2026-05-11 (filed within the standard 2 business-day window).
• Shares acquired: 1,766; exercise/conversion price reported as $0.00; total cash reported $0.
• Shares owned after transaction: not specified in this filing.
• Footnotes: F1 — each RSU converts to one common share upon vesting; F2 — 100% of the RSUs vested on the grant’s first-year anniversary (May 7, 2026).
• No open-market purchase or sale of already-owned shares is reported in this filing.

Context
This was a compensation vesting event (RSUs converting to common shares), not a market purchase or sale. Such routine vesting events reflect equity compensation being delivered, and do not necessarily signal insider sentiment about the stock. The filing does not show any immediate sale of the vested shares or tax-withholding disposition in this report.