Barniv Ravit 4

What Happened

• Barniv Ravit, a director of Ormat Technologies, Inc. (ORA), received a grant of 899 restricted stock units (RSUs) on June 2, 2026. The grant is recorded as a derivative award at $0.00 per unit (no cash changed hands at grant). RSUs represent the right to receive one share of ORA common stock upon vesting.

Key Details

• Transaction date: 2026-06-02; filing date: 2026-06-04 (filed timely).
• Award: 899 RSUs recorded at $0.00 per unit (derivative award).
• Vesting: 100% of these RSUs vest on June 2, 2027 (one-year cliff) (see footnotes F1, F2).
• Shares owned after transaction: not specified in the provided filing.
• Footnotes: F1 = each RSU converts to one share upon vesting; F2 = full vesting on 2027-06-02.
• No indication of a 10b5-1 plan, immediate sale, or tax-withholding disposition in this filing.

Context

• This was a compensation grant (award), not a purchase or sale. RSU grants are commonly used for retention and align director interests with shareholders but do not provide immediately tradable shares until vesting. The filing shows no immediate economic purchase or sale, and the award will only become stock if/when it vests.