Matthew Burdyny - Jan 16, 2025 Form 4 Insider Report for Ocean Power Technologies, Inc. (OPTT)

Role
Chief Commercial Officer
Signature
/s/ Matthew Burdyny
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
Feb 2, 2024
Next filing
Mar 14, 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 +36K +60.86% 95.2K Jan 16, 2025 Direct F1, F3
transaction OPTT Common Stock Options Exercise +85.1K +89.39% 180K Jan 16, 2025 Direct F1, F4
transaction OPTT Common Stock Options Exercise +53.8K +29.84% 234K Jan 16, 2025 Direct F1, F6

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 +777K $0.00 777K Jan 16, 2025 Common Stock 777K Direct F1, F2
transaction OPTT Restricted Stock Unit Options Exercise $0 +36K $0.00 36K Jan 16, 2025 Common Stock 36K Direct F1, F3
transaction OPTT Restricted Stock Unit Options Exercise $0 +85.1K $0.00 85.1K Jan 16, 2025 Common Stock 85.1K Direct F1, F4
transaction OPTT Restricted Stock Unit Award $0 +492K $0.00 492K Jan 16, 2025 Common Stock 492K Direct F1, F5
* 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 compensation for service as an officer of the Issuer. The restricted stock units will 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 On January 19, 2023, the reporting person was granted 36,030 restricted stock units, vesting based on achievement of certain performance criteria. Vesting of such criteria was deemed to occur on January 16, 2025.
F4 On February 1, 2024, the reporting person was granted 85,126 restricted stock units, vesting based on achievement of certain performance criteria. Vesting of such criteria was deemed to occur on January 16, 2025.
F5 Restricted stock units granted by the Board of Directors of the Issuer as compensation for service as an officer of the Issuer. The restricted stock units will 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.
F6 Shares acquired upon the time based vesting of restricted stock units granted in January 2023 and 2024.