Barniv Ravit 4

What Happened
Barniv Ravit, a director of Ormat Technologies (ORA), reported the conversion/vesting of restricted stock units into 1,766 shares on May 7, 2026. The Form 4 shows an acquisition of 1,766 shares at $0.00 and a matching disposition of 1,766 shares at $0.00 (both coded as derivative conversion/exercise). No cash value is recorded in the filing for these entries.

Key Details

• Transaction date: May 7, 2026; Form 4 filed May 11, 2026.
• Reported price: $0.00 for both the acquired and disposed shares (derivative conversion, code M).
• Shares acquired: 1,766; shares disposed: 1,766.
• Shares owned after transaction: not specified in the provided excerpt.
• Footnotes: F1 — each RSU equals right to one share on vesting; F2 — on May 7, 2026 (the first-year anniversary), 100% of the RSUs vested.
• The filing does not explain the reason for the simultaneous disposition (the Form 4 excerpt provided does not specify withholding, sale, or other settlement details).
• Timeliness: filing date is shown; the excerpt does not mark the filing as late.

Context: This was not an open-market buy or sale but the conversion/settlement of RSUs upon vesting. The report shows both acquisition and disposition of the same amount at $0.00; the filing itself does not state the disposition’s purpose (e.g., tax withholding or immediate sale). Such RSU vesting is a routine compensation event rather than a direct buy/sell decision by the insider.