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

Role
Chief Executive Officer, Director
Signature
/s/ Philipp Stratmann
Stock symbol
OPTT
Transactions as of
Jan 22, 2024
Transactions value $
-$3,796
Form type
4
Date filed
1/24/2024, 04:05 PM
Previous filing
Jan 18, 2024
Next filing
Feb 2, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OPTT Common Stock Options Exercise +48.5K +42.29% 163K Jan 16, 2024 Direct F1
transaction OPTT Common Stock Tax liability -$3.8K -14.1K -8.61% $0.27 149K Jan 22, 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 -48.5K -50% $0.00 48.5K Jan 22, 2024 Common Stock 48.5K 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 January 21, 2023, the reporting person was granted 145,587 restricted stock units, vesting in three equal annual installments beginning on the first anniversary of the grant date.