Matthew Burdyny - Jan 23, 2023 Form 4 Insider Report for Ocean Power Technologies, Inc. (OPTT)

Signature
/s/ Matthew Burdyny
Stock symbol
OPTT
Transactions as of
Jan 23, 2023
Transactions value $
$0
Form type
4
Date filed
11/17/2023, 04:06 PM
Next filing
Nov 17, 2023

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 +25K $0.00 25K Nov 9, 2023 Common Stock 25K 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 will vest (i) 1/3 equally on the first anniversary of the date of grant, and the second anniversary of the date of grant; (ii) 1/3 will vest based on a positive Total Shareholder Return year over year; and (iii) 1/3 will vest on a positive relative Total Shareholder Return year over year.