Matthew Burdyny - Nov 9, 2023 Form 3 Insider Report for Ocean Power Technologies, Inc. (OPTT)

Signature
/s/ Matthew Burdyny
Stock symbol
OPTT
Transactions as of
Nov 9, 2023
Transactions value $
$0
Form type
3
Date filed
11/17/2023, 04:05 PM
Previous filing
Nov 17, 2023
Next filing
Jan 24, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding OPTT Common Stock 77K Nov 9, 2023 Direct F1

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
holding OPTT Restricted Stock Units Nov 9, 2023 Common Stock 54K Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 27,022 of these shares are subject to a restricted stock unit award granted by the Board of Directors of the Issuer as compensation for service as an officer of the Issuer and which vests 1/3 on each of January 18, 2024, on January 18, 2025, and on January 18, 2026.
F2 Each restricted stock unit represents a contingent right to receive one share of the Issuer's restricted stock.
F3 Restricted stock units granted by the Board of Directors of the Issuer as compensation for service as an officer of the Issuer which will vest, if at all, upon the achievement of certain levels of total shareholder return.