SHARIR DAFNA 4

What Happened

Dafna Sharir, a director of Ormat Technologies (ORA), had 1,766 Restricted Stock Units (RSUs) vest on May 7, 2026; those RSUs converted into 1,766 shares (recorded as a derivative exercise/conversion). On May 11, 2026 she sold 883 of those shares in the open market at $122.44 per share, generating proceeds of $108,115. The RSU conversion was recorded at $0 (typical for vested RSUs).

Key Details

• Transaction dates: RSU vest/conversion on 2026-05-07; open-market sale on 2026-05-11. Filing date: 2026-05-11.
• Sale details: 883 shares sold at $122.44 each for total proceeds of $108,115.
• Vesting/conversion: 1,766 RSUs vested on 2026-05-07 and converted into 1,766 shares (recorded as $0 value in the filing).
• Remaining from grant: She sold 883 of the 1,766 vested shares, leaving up to 883 shares from this grant (the filing does not list total post-transaction holdings).
• Plan/authorization: The May 11 sale was executed under a 10b5-1 trading plan adopted by the reporting person on 2025-11-18 (pre-arranged sale).
• Timeliness: Filing appears timely (no late-filing flag reported).

Context

• RSUs: A vesting/conversion of RSUs is not a market purchase — it simply converts a time-based award into shares. The filing shows conversion (derivative exercise) and a subsequent open-market sale of a portion of those newly issued shares.
• 10b5-1 plan: Sales under a 10b5-1 plan are pre-planned and often routine; they do not necessarily reflect the insider’s current view of the company.
• No indication of gifts or tax withholding is shown in the provided details; the zero-dollar entries reflect conversion of RSUs rather than a cash transaction.