Terence J. Cryan - Feb 1, 2024 Form 4 Insider Report for Ocean Power Technologies, Inc. (OPTT)

Role
Director
Signature
/s/ Terence James Cryan
Stock symbol
OPTT
Transactions as of
Feb 1, 2024
Transactions value $
$0
Form type
4
Date filed
2/2/2024, 04:05 PM
Previous filing
Jan 23, 2024
Next filing
May 14, 2024

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 +242K $0.00 242K Feb 1, 2024 Common Stock 242K 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 annual compensation to the non-employee members of the Board of Directors, which vest in full on the date of the first annual shareholders meeting following the grant date or one year after the grant date, whichever is earlier.