Matthew Burdyny - 16 Jan 2025 Form 4 Insider Report for Ocean Power Technologies, Inc. (OPTT)

Role
Chief Commercial Officer
Signature
/s/ Matthew Burdyny
Issuer symbol
OPTT
Transactions as of
16 Jan 2025
Net transactions value
-$53,545
Form type
4
Filing time
04 Feb 2025, 21:56:22 UTC
Previous filing
02 Feb 2024
Next filing
14 Mar 2025
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 +24,505 +10% 260,066 31 Jan 2025 Direct F1
transaction OPTT Common Stock Tax liability $37,321 -37,698 -14% $0.9900 222,368 16 Jan 2025 Direct F3
transaction OPTT Common Stock Tax liability $12,286 -13,354 -6% $0.9200 209,014 21 Jan 2025 Direct F3
transaction OPTT Common Stock Tax liability $3,938 -5,967 -2.9% $0.6600 203,047 31 Jan 2025 Direct F3

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 +24,505 $0.000000 24,505 31 Jan 2025 Common Stock 24,505 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 On February 1, 2024, the reporting person was granted 24,505 restricted stock units, vesting based on achievement of certain performance criteria. Vesting of such criteria was deemed to occur on January 31, 2025.
F3 Per share value is based on the market closing price of the common stock on the applicable transaction date.