Philipp Stratmann - 14 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: 14 Jan 2025
Net transactions value: +$177,180
Form type: 4
Filing time: 04 Feb 2025, 21:56:20 UTC
Previous filing: 02 Feb 2024
Next filing: 21 Jan 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		+54,782	+7.1%		822,283	31 Jan 2025	Direct	F1
transaction	OPTT	Common Stock	Tax liability	$29,983	+33,689	+4.5%	$0.8900	788,594	14 Jan 2025	Direct	F3
transaction	OPTT	Common Stock	Tax liability	$87,275	+88,157	+14%	$0.9900	700,437	16 Jan 2025	Direct	F3
transaction	OPTT	Common Stock	Tax liability	$70,894	+77,059	+14%	$0.9200	623,378	21 Jan 2025	Direct	F3
transaction	OPTT	Common Stock	Tax liability	$10,973	-16,626	-2.7%	$0.6600	606,752	31 Jan 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	+54,782		$0.000000	54,782	31 Jan 2025	Common Stock	54,782		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.