Matthew Burdyny - Nov 9, 2023 Form 3 Insider Report for Ocean Power Technologies, Inc. (OPTT)

Role: Chief Commercial Officer
Signature: /s/ Matthew Burdyny
Stock symbol: OPTT
Transactions as of: Nov 9, 2023
Transactions value $: $0
Form type: 3
Date filed: 11/17/2023, 04:05 PM
Previous filing: Nov 17, 2023
Next filing: Jan 24, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	OPTT	Common Stock						77K	Nov 9, 2023	Direct	F1

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
holding	OPTT	Restricted Stock Units							Nov 9, 2023	Common Stock	54K		Direct	F2, F3

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

Explanation of Responses:

Id	Content
F1	27,022 of these shares are subject to a restricted stock unit award granted by the Board of Directors of the Issuer as compensation for service as an officer of the Issuer and which vests 1/3 on each of January 18, 2024, on January 18, 2025, and on January 18, 2026.
F2	Each restricted stock unit represents a contingent right to receive one share of the Issuer's restricted stock.
F3	Restricted stock units granted by the Board of Directors of the Issuer as compensation for service as an officer of the Issuer which will vest, if at all, upon the achievement of certain levels of total shareholder return.