Robert P. Powers - Jan 16, 2024 Form 4 Insider Report for Ocean Power Technologies, Inc. (OPTT)

Role
Chief Financial Officer
Signature
/s/ Robert Powers
Stock symbol
OPTT
Transactions as of
Jan 16, 2024
Transactions value $
-$1,094
Form type
4
Date filed
1/18/2024, 04:05 PM
Previous filing
Jan 3, 2024
Next filing
Jan 24, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OPTT Common Stock Options Exercise +10.9K +12.56% 97.6K Jan 16, 2024 Direct F1
transaction OPTT Common Stock Tax liability -$1.09K -3.77K -3.87% $0.29 93.8K Jan 16, 2024 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 -10.9K -33.33% $0.00 21.8K Jan 16, 2024 Common Stock 10.9K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units convert into common stock on a one-for-one basis
F2 On January 14, 2022, the reporting person was granted 32,667 restricted stock units, vesting in three equal annual installments beginning on the first anniversary of the grant date.