STERN STANLEY 4
Research Summary
AI-generated summary
Ormat Technologies (ORA) Director Stanley Stern Sells 250 Shares
What Happened
- Stanley Stern, a director of Ormat Technologies, sold 250 shares of ORA common stock in an open-market transaction on May 27, 2026.
- The shares were sold at a weighted-average price of $138.42, generating proceeds of approximately $34,605. This was a sale (not a purchase, option exercise, or award) and is typically considered routine insider selling rather than a direct signal of company outlook.
Key Details
- Transaction date: May 27, 2026.
- Reported price: weighted average $138.42 (sales executed across a range of $138.38 to $138.49).
- Total shares sold: 250; approximate proceeds: $34,605.
- Footnotes: (F1) confirms the shares were sold in the open market; (F2) notes the reported price is a weighted average and the seller can provide per-trade details on request.
- Shares owned after the transaction: Not specified in the provided filing.
- Filing timeliness: Form 4 was filed on May 29, 2026 (within the standard two-business-day reporting window).
Context
- This was a straightforward open-market sale — not an option exercise, award, gift, or a 10b5-1 plan disclosure in the filing. Such sales can be for personal-liquidity or portfolio-management reasons and should not be interpreted alone as a definitive signal about company fundamentals.