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

Role
President and CEO, Director
Signature
/s/ Philipp Stratmann
Issuer symbol
OPTT
Transactions as of
16 Jan 2025
Net transactions value
$0
Form type
4
Filing time
21 Jan 2025, 16:09:30 UTC
Previous filing
04 Feb 2025
Next filing
14 Mar 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 +73,500 +43% 243,718 16 Jan 2025 Direct F1, F3
transaction OPTT Common Stock Options Exercise +194,118 +80% 437,836 16 Jan 2025 Direct F1, F4
transaction OPTT Common Stock Options Exercise +190,306 +43% 628,142 16 Jan 2025 Direct F1, F5
transaction OPTT Common Stock Options Exercise +169,691 +27% 797,833 16 Jan 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 +1,688,907 $0.000000 1,688,907 16 Jan 2025 Common Stock 1,688,907 Direct F1, F2
transaction OPTT Restricted Stock Unit Options Exercise $0 +73,500 $0.000000 73,500 16 Jan 2025 Common Stock 73,500 Direct F1, F3
transaction OPTT Restricted Stock Unit Options Exercise $0 +194,118 $0.000000 194,118 16 Jan 2025 Common Stock 194,118 Direct F1, F4
transaction OPTT Restricted Stock Unit Options Exercise $0 +190,306 $0.000000 190,306 16 Jan 2025 Common Stock 190,306 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 14, 2022, the reporting person was granted 73,500 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 January 19, 2023, the reporting person was granted 194,118 restricted stock units, vesting based on achievement of certain performance criteria. Vesting of such criteria was deemed to occur on January 16, 2025.
F5 On February 1, 2024, the reporting person was granted 190,306 restricted stock units, vesting based on achievement of certain performance criteria. Vesting of such criteria was deemed to occur on January 16, 2025.
F6 Shares acquired upon the time based vesting of restricted stock unit granted in January 2022, 2023 and 2024.