STERN STANLEY 4

What Happened

• Stanley Stern, a director of Ormat Technologies, was granted 899 restricted stock units (RSUs) on June 2, 2026. The award was reported as a derivative grant (transaction code A) with $0.00 per-share cash paid — i.e., no cash purchase. The RSUs represent the right to receive one share of ORA common stock per unit upon vesting.

Key Details

• Transaction date: 2026-06-02; Form 4 filed: 2026-06-04 (filed within the normal two-business-day window).
• Grant: 899 RSUs at $0.00 (non-cash award).
• Vesting: 100% of this RSU portion vests on June 2, 2027 (one-year cliff per footnote).
• Shares owned after transaction: Not specified in the provided filing.
• Transaction type/code: A (award/grant); classified as a derivative (RSUs).
• No indication of a 10b5-1 plan, tax withholding sale, or late filing in the provided details.

Context

• RSU grants are typically compensation/retention awards and do not represent an immediate market purchase or sale. These RSUs will convert into common shares only if and when they vest on the stated date (June 2, 2027).