Robert Powers - 14 Jan 2025 Form 4 Insider Report for Ocean Power Technologies, Inc. (OPTT)

Role
Senior VP and CFO
Signature
/s/ Robert P. Powers
Issuer symbol
OPTT
Transactions as of
14 Jan 2025
Transactions value $
$98,599
Form type
4
Filing time
04 Feb 2025, 21:56:19 UTC
Previous filing
02 Feb 2024
Next filing
21 Jan 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 +29.5K +7.42% 428K 31 Jan 2025 Direct F1
transaction OPTT Common Stock Tax liability $15.5K +17.5K +4.45% $0.89 410K 14 Jan 2025 Direct F3
transaction OPTT Common Stock Tax liability $46.7K +47.2K +14.95% $0.99 363K 16 Jan 2025 Direct F3
transaction OPTT Common Stock Tax liability $42.2K +45.9K +16.93% $0.92 317K 21 Jan 2025 Direct F3
transaction OPTT Common Stock Tax liability -$5.92K -8.97K -2.83% $0.66 308K 31 Jan 2025 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 +29.5K $0.00 29.5K 31 Jan 2025 Common Stock 29.5K 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 29,542 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.