Philipp Stratmann - 13 Jan 2023 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: 13 Jan 2023
Net transactions value: +$10,210
Form type: 4
Filing time: 17 Jan 2023, 15:22:01 UTC
Previous filing: 19 Jan 2022
Next filing: 25 Jan 2023
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	$15,540	+21,000	+25%	$0.7400	104,662	13 Jan 2023	Direct
transaction	OPTT	Common Stock	Tax liability	$5,330	-7,203	-6.9%	$0.7400	97,459	13 Jan 2023	Direct

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	Options Exercise	$0	-21,000	-33%	$0.000000	42,000	14 Jan 2022	Common Stock	21,000		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	Restricted stock units granted by the Board of Directors of the Issuer as compensation for service as an officer of the Company. The restricted stock units vests 1/3 on the first anniversary of the date of grant, 1/3 on the second anniversary of the date of grant and 1/3 on the third anniversary of the date of grant.