TRACY D. PAGLIARA - 16 Jan 2025 Form 4 Insider Report for Ocean Power Technologies, Inc. (OPTT)

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	+819,672		$0.000000	819,672	16 Jan 2025	Common Stock	819,672		Direct	F1, F2
transaction	OPTT	Restricted Stock Unit	Award	$0	+37,500		$0.000000	37,500	16 Jan 2025	Common Stock	37,500		Direct	F1, F3

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

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	Restricted stock units granted by the Board of Directors of the Issuer as an inducement grant pursuant to the NYSE American rules. The restricted stock units will vest 1/2 on the first anniversary of the date of grant and 1/2 on the second anniversary of the date of grant.