Terence J. Cryan - Jan 16, 2025 Form 4 Insider Report for Ocean Power Technologies, Inc. (OPTT)

Role
Director
Signature
/s/ Terence James Cryan
Stock symbol
OPTT
Transactions as of
Jan 16, 2025
Transactions value $
$0
Form type
4
Date filed
1/21/2025, 04:09 PM
Previous filing
Dec 23, 2024
Next filing
Mar 4, 2025
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 +242K +67.46% 601K Jan 16, 2025 Direct F1, F3

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 Award $0 +1.35M $0.00 1.35M Jan 16, 2025 Common Stock 1.35M Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive one share of the Issuer's restricted stock.
F2 Restricted stock units granted by the Board of Directors of the Issuer as annual compensation to the non-employee members of the Board of Directors, which vest in full on the date of the first annual shareholders meeting following the grant date or one year after the grant date, whichever is earlier.
F3 Shares acquired upon the vesting of a restricted stock unit granted in January 2024.