Phoenix Financial Ltd. Acquires 5.31% Passive Stake in Ormat Technologies, Inc.

On September 16, 2026, Phoenix Financial Ltd., an Israel-based financial services company, filed a Schedule 13G reporting a new 5.31% stake in Ormat Technologies, Inc. (ORA). The filing indicates that Phoenix Financial Ltd. beneficially owns 3,263,839.73 shares of Common Stock as of the event date of September 10, 2026. The reported securities are held through various subsidiaries, including Phoenix Investments House trust funds (2.10%), Phoenix "nostro" accounts (0.38%), linked insurance policies (0.07%), and a partnership for Israeli shares (2.76%). Each subsidiary operates under independent management and maintains its own voting and investment discretion. The filing represents a passive investment, as the reporting person certified that the shares were not acquired for the purpose of changing or influencing control of the issuer. The ownership calculation is based on 61,496,941 ordinary shares outstanding as of September 14, 2026. This filing marks a significant increase from a previous 0% position, crossing the 5% regulatory threshold.