Woelfel Jessica 4
4 · ORMAT TECHNOLOGIES, INC. · Filed Mar 26, 2026
Research Summary
AI-generated summary of this filing
Ormat (ORA) GC/CCO Jessica Woelfel Sells Shares
What Happened
Jessica Woelfel, Ormat Technologies' General Counsel, Chief Compliance Officer and Corporate Secretary, sold a total of 3,927 shares of ORA common stock in open-market transactions for aggregate proceeds of about $432,196. The sales broke down as: 427 shares @ $107.37 ($45,847), 834 shares @ $110.37 ($92,049), and 2,666 shares @ $110.39 ($294,300). All transactions are recorded as sales (S).
Key Details
- Transaction dates and prices:
- 2026-03-25: 427 shares @ $107.37 (F1) — $45,847
- 2026-03-25: 834 shares @ $110.37 (F2) — $92,049
- 2026-03-26: 2,666 shares @ $110.39 (F3) — $294,300
- Total shares sold: 3,927; total proceeds: ~$432,196.
- Shares owned after the transaction: not specified in the provided filing excerpt.
- Footnotes:
- F1/F3: Sales on 3/25 and 3/26 made pursuant to a prearranged Rule 10b5-1 trading plan (adopted 06/30/2025; modified 11/25/2025).
- F2: 834-share sale on 3/25 was an automatic sell-to-cover to satisfy tax withholding for RSUs that vested on 03/21/2026 (non-discretionary).
- Filing: Form 4 filed 2026-03-26 — within the normal 2-business-day reporting window (timely).
Context
Two of the sales were executed under a pre-established 10b5-1 plan (preplanned, automated trading), and one was a mandatory sell-to-cover for tax withholding on vested restricted stock units. These are common, non-discretionary insider sales and do not by themselves indicate management sentiment about the company. Purchases generally convey stronger signals than routine or tax-driven sales.
Insider Transaction Report
- Sale
Common Stock
[F1]2026-03-25$107.37/sh−427$45,847→ 6,933 total - Sale
Common Stock
[F2]2026-03-25$110.37/sh−834$92,049→ 6,099 total - Sale
Common Stock
[F3]2026-03-26$110.39/sh−2,666$294,300→ 3,433 total
Footnotes (3)
- [F1]Represents shares of common stock sold in the open market on March 25, 2026, pursuant to a 10b5-1 Plan adopted by the reporting person on 06/30/2025, Modified 11/25/2025.
- [F2]Represents shares of common stock sold in the open market on March 25, 2026, as part of an automatic sell-to-cover transaction, which was non-discretionary and mandated by the applicable award agreement, in order to satisfy the reporting person's tax withholding obligations in connection with the vesting of restricted stock units on March 21, 2026.
- [F3]Represents shares of common stock sold in the open market on March 26, 2026, pursuant to a 10b5-1 Plan adopted by the reporting person on 06/30/2025, Modified 11/25/2025.