Philipp Stratmann - 22 Jan 2024 Form 4 Insider Report for Ocean Power Technologies, Inc. (OPTT)

Role: Chief Executive Officer, Director
Signature: /s/ Philipp Stratmann
Issuer symbol: OPTT
Transactions as of: 22 Jan 2024
Net transactions value: -$3,796
Form type: 4
Filing time: 24 Jan 2024, 16:05:35 UTC
Previous filing: 18 Jan 2024
Next filing: 02 Feb 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	OPTT	Common Stock	Options Exercise		+48,529	+42%		163,279	16 Jan 2024	Direct	F1
transaction	OPTT	Common Stock	Tax liability	$3,796	-14,061	-8.6%	$0.2700	149,218	22 Jan 2024	Direct

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

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	OPTT	Restricted Stock Unit	Options Exercise	$0	-48,529	-50%	$0.000000	48,529	22 Jan 2024	Common Stock	48,529		Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Restricted stock units convert into common stock on a one-for-one basis
F2	On January 21, 2023, the reporting person was granted 145,587 restricted stock units, vesting in three equal annual installments beginning on the first anniversary of the grant date.