STERN STANLEY 4

What Happened
Director Stanley (Stanley Stern) had 1,766 restricted stock units (RSUs) convert into Ormat common shares upon vesting on May 7, 2026. The Form 4 shows an "exercise/conversion of derivative" for 1,766 shares at $0.00 (acquired) and a matching derivative disposition for 1,766 shares at $0.00. No cash payment or sale proceeds are reported in the filing; this is a routine vesting/settlement event tied to compensation rather than an open‑market buy or sell.

Key Details

• Transaction date: May 7, 2026; Report filed: May 11, 2026 (filing appears later than the 2 business‑day Form 4 deadline).
• Reported price: $0.00 per share; reported total value: $0.
• Shares involved: 1,766 RSUs converted/settled.
• Shares owned after transaction: Not specified in the provided filing data.
• Footnotes: F1 — each RSU equals the right to one share; F2 — 100% of the RSUs vested on the first‑year anniversary (May 7, 2026).
• Filing timeliness: The filing date is after the transaction by several days; late filings can trigger review or require an explanatory amendment.

Context
RSU vesting is standard executive/director compensation and is not the same as a market purchase or sale. The filing shows both an acquisition (conversion) and a disposition entry for the same number of derivative units; such paired entries often reflect settlement mechanics (for example, conversion of RSUs to shares and possible withholding), but the Form 4 here does not detail net shares retained or tax withholdings. Purchases by insiders tend to be more informative about sentiment; vesting/settlements are routine pay events.