X0407 4 2023-05-12 0001296445 ORMAT TECHNOLOGIES, INC. ORA 0001361024 Ginzburg Assi C/O ORMAT TECHNOLOGIES, INC. 6140 PLUMAS ST. RENO NV 89519-6075 1 Chief Financial Officer 0 Common Stock, par value $0.001 per share 2023-05-12 4 M 0 1476 0 A 23598 D Common Stock, par value $0.001 per share 2023-05-12 4 M 0 838 0 A 24436 D Performance Stock Units 2023-05-12 4 M 0 3075 0 D Common Stock, par value $0.001 per share 3075 0 D Restricted Stock Units 2023-05-12 4 M 0 492 0 A Common Stock par value $0.001 per share 492 492 D Restricted Stock Units 2023-05-12 4 M 0 838 0 D Common Stock, par value $0.001 per share 838 838 D On May 12, 2020, the reporting person was granted performance stock units (with a target amount of 3,075), each of which represents the right to receive one share of ORA common stock upon vesting (the "PSUs"). Pursuant to their terms, the PSUs are not deemed vested until they are both performance-vested and time-vested. The PSUs performance vest on the third anniversary of the grant date, in an amount (between 0% and 150% of target) based on the issuer's achievement of relative total stockholder return from the grant date until such third anniversary, and time vest 50% on the second anniversary of the grant date and 25% on each of the third and fourth anniversaries of the grant date, based on the reporting person's continued service. On May 12, 2023, the third anniversary of the grant date of the PSUs, 100% of the PSUs performance vested in the following amount based on the issuer's achievement of relative total stockholder return during the three-year performance period: 1,968. 75% of such PSUs were immediately paid out, as they were time-vested based on the reporting person's continued service since the grant date. The remaining 25% of such PSUs remain subject to time-vesting until the fourth anniversary of the grant date, based on the reporting person's continued service, and are thus represented as restricted stock units ("RSUs"). Each RSU represents the right to receive one share of ORA common stock upon vesting. In addition to the PSUs, the reporting person was granted 3,350 time-vesting RSUs on May 12, 2020. Each RSU represents the right to receive one share of ORA common stock upon vesting. 25% of these time-vesting RSUs vested on May 12, 2023, the third-year anniversary of the date of grant. The remaining 25% of which will vest on the fourth anniversary of the grant date, based on the reporting person's continued service. /s/ Ehud Ben Yemini, as attorney-in-fact 2023-05-16