Philipp Stratmann - Jan 14, 2025 Form 4 Insider Report for Ocean Power Technologies, Inc. (OPTT)

Role
President and CEO, Director
Signature
/s/ Philipp Stratmann
Stock symbol
OPTT
Transactions as of
Jan 14, 2025
Transactions value $
$177,180
Form type
4
Date filed
2/4/2025, 09:56 PM
Previous filing
Feb 2, 2024
Next filing
Jan 21, 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 +54.8K +7.14% 822K Jan 31, 2025 Direct F1
transaction OPTT Common Stock Tax liability $30K +33.7K +4.46% $0.89 789K Jan 14, 2025 Direct F3
transaction OPTT Common Stock Tax liability $87.3K +88.2K +14.4% $0.99 700K Jan 16, 2025 Direct F3
transaction OPTT Common Stock Tax liability $70.9K +77.1K +14.11% $0.92 623K Jan 21, 2025 Direct F3
transaction OPTT Common Stock Tax liability -$11K -16.6K -2.67% $0.66 607K Jan 31, 2025 Direct 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 +54.8K $0.00 54.8K Jan 31, 2025 Common Stock 54.8K 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 On February 1, 2024, the reporting person was granted 54,782 restricted stock units, vesting based on achievement of certain performance criteria. Vesting of such criteria was deemed to occur on January 31, 2025.
F3 Per share value is based on the market closing price of the common stock on the applicable transaction date.