Robert Powers - 02 Jan 2024 Form 4 Insider Report for Ocean Power Technologies, Inc. (OPTT)

Role: Chief Financial Officer
Signature: /s/ Robert Powers
Issuer symbol: OPTT
Transactions as of: 02 Jan 2024
Net transactions value: -$1,207
Form type: 4
Filing time: 03 Jan 2024, 16:05:53 UTC
Previous filing: 20 Sep 2023
Next filing: 18 Jan 2024
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		+12,500	+16%		90,447	02 Jan 2024	Direct	F1
transaction	OPTT	Common Stock	Tax liability	$1,207	-3,773	-4.2%	$0.3200	86,674	02 Jan 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	-12,500	-33%	$0.000000	25,000	02 Jan 2024	Common Stock	12,500		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.