Matthew Burdyny - 22 Jan 2024 Form 4 Insider Report for Ocean Power Technologies, Inc. (OPTT)

Role: Chief Commercial Officer
Signature: /s/ Matthew Burdyny
Issuer symbol: OPTT
Transactions as of: 22 Jan 2024
Net transactions value: -$697
Form type: 4
Filing time: 24 Jan 2024, 16:05:32 UTC
Previous filing: 17 Nov 2023
Next filing: 02 Feb 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		+9,007	+18%		59,007	22 Jan 2024	Direct	F1
transaction	OPTT	Common Stock	Tax liability	$697	-2,581	-4.4%	$0.2700	56,426	22 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	-9,007	-50%	$0.000000	9,007	22 Jan 2024	Common Stock	9,007		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 January 21,2023, the reporting person was granted 27,000 restricted stock units, vesting in three equal annual installments beginning on the first anniversary of the grant date.