Robert P. Powers - Jan 2, 2024 Form 4 Insider Report for Ocean Power Technologies, Inc. (OPTT)

Role
Chief Financial Officer
Signature
/s/ Robert Powers
Stock symbol
OPTT
Transactions as of
Jan 2, 2024
Transactions value $
-$1,207
Form type
4
Date filed
1/3/2024, 04:05 PM
Previous filing
Sep 20, 2023
Next filing
Jan 18, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OPTT Common Stock Options Exercise +12.5K +16.04% 90.4K Jan 2, 2024 Direct F1
transaction OPTT Common Stock Tax liability -$1.21K -3.77K -4.17% $0.32 86.7K Jan 2, 2024 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 -12.5K -33.33% $0.00 25K Jan 2, 2024 Common Stock 12.5K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units convert into common stock on a one-for-one basis
F2 On December 13, 2021, the reporting person was granted 37,500 restricted stock units, vesting in three equal annual installments beginning on the first anniversary of the grant date.