Robert Powers - 01 Feb 2024 Form 4 Insider Report for Ocean Power Technologies, Inc. (OPTT)

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	+162,039		$0.000000	162,039	01 Feb 2024	Common Stock	162,039		Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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 compensation for service as an officer of the Company. The restricted stock units will vest1/3 on the first anniversary of the date of grant, 1/3 on the second anniversary of the date of grant and 1/3 on the third anniversary of the date of grant.