Philipp Stratmann - Jan 13, 2023 Form 4 Insider Report for Ocean Power Technologies, Inc. (OPTT)

Role: President and CEO, Director
Signature: /s/ Philipp Stratmann
Stock symbol: OPTT
Transactions as of: Jan 13, 2023
Transactions value $: $10,210
Form type: 4
Date filed: 1/17/2023, 03:22 PM
Previous filing: Jan 19, 2022
Next filing: Jan 25, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	OPTT	Common Stock	Options Exercise	$15.5K	+21K	+25.1%	$0.74	105K	Jan 13, 2023	Direct
transaction	OPTT	Common Stock	Tax liability	-$5.33K	-7.2K	-6.88%	$0.74	97.5K	Jan 13, 2023	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	-21K	-33.33%	$0.00	42K	Jan 14, 2022	Common Stock	21K		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 compensation for service as an officer of the Company. The restricted stock units vests 1/3 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.