FORM 4

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may

continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934

or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:

3235-0287

Estimated average burden

hours per response:

0.5

1. Name and Address of Reporting Person*

2. Issuer Name and Ticker or Trading Symbol

5. Relationship of Reporting Person(s) to Issuer

Ben Yosef

Ofer

ORMAT TECHNOLOGIES, INC.[ ORA ]

(Check all applicable)

Director

10% Owner

3. Date of Earliest Transaction (Month/Day/Year)

(Last)

(First)

(Middle)

X

Officer (give title

Other (specify

below)

below)

C/O ORMAT TECHNOLOGIES, INC.

03/21/2024

Executive Vice President - Energy Storage and

6140 PLUMAS ST.

Business Development

(Street)

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

RENO

NV

89519

X

Form filed by One Reporting Person

Form filed by More than One Reporting Person

(City)

(State)

(Zip)

Rule 10b5-1(c) Transaction Indication

Check this box to indicate that a transaction was made

pursuant to a contract, instruction or written plan that is

intended to satisfy the affirmative defense conditions of Rule

10b5-1(c). See Instruction 10.

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1. Title of Security (Instr. 3)

2. Transaction Date

2A. Deemed

3.

4. Securities Acquired

(Month/Day/Year)

Execution Date, if

Transaction

(A) or Disposed Of (D)

any

Code (Instr.

(Instr. 3, 4 and 5)

(Month/Day/Year)

8)

(A)

Code

V

Amount

or

Price

(D)

5. Amount of

6.

7. Nature of

Securities

Ownership

Indirect

Beneficially

Form:

Beneficial

Owned Following

Direct (D) or

Ownership

Reported

Indirect (I)

(Instr. 4)

Transaction(s)

(Instr. 4)

(Instr. 3 and 4)

Common Stock

03/21/2024

M(1)(2)

626

A

$0

5,177

D

3/19/2024 13:49

AMERICAS 123426840 v5 [4. WC Comments - Form 4 - Ofer Ben Yosef - 21 March 2024 FINAL.docx]

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned

(e.g., puts, calls, warrants, options, convertible securities)

1. Title of

2.

3. Transaction

3A. Deemed

4.

5. Number of

6. Date

7. Title and Amount

8.

9.

10.

11. Nature

Derivative

Conversio

Date

Execution Date,

Transacti

Derivative

Exercisable and

of Securities

Price

Number

Ownershi

of Indirect

Security (Instr.

n or

(Month/Day/Yea

if any

on Code

Securities

Expiration Date

Underlying Derivative

of

of

p Form:

Beneficial

3)

Exercise

r)

(Month/Day/Yea

(Instr. 8)

Acquired (A) or

(Month/Day/Yea

Security (Instr. 3 and

Derivat

derivative

Direct (D)

Ownershi

Price of

r)

Disposed of (D)

r)

4)

ive

Securities

or Indirect

p (Instr. 4)

Derivative

(Instr. 3, 4 and 5)

Securit

Beneficial

(I) (Instr.

Security

y

ly Owned

4)

(Instr.

Following

5)

Reported

Transacti

on(s)

Amount

(Instr. 4)

Date

or

Exercis

Expiratio

Number

Code

V

(A)

(D)

able

n Date

Title

of Shares

Restricted Stock

(1)(2)

M

626

(2)

(2)

Common

626

$0

1,876

D

Units

03/21/2024

Stock

Explanation of Responses:

  1. Each Restricted Stock Unit represents the right to receive one share of ORA common stock upon vesting.
  2. This portion of Restricted Stock Units vested on March 21, 2024, being the first anniversary of the date of grant. These Restricted Stock Units were granted on March 21, 2023 and vest 25% on the first, second, third and fourth anniversary of the grant date.

Remarks:

/s/ Jessica Woelfel, as attorney-in-fact

03/21/2024

** Signature of Reporting Person

Date

2

3/19/2024 13:49

AMERICAS 123426840 v5 [4. WC Comments - Form 4 - Ofer Ben Yosef - 21 March 2024 FINAL.docx]

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Ormat Technologies Inc. published this content on 21 March 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 March 2024 20:54:00 UTC.