Joseph DiPietro - Jan 22, 2024 Form 4 Insider Report for Ocean Power Technologies, Inc. (OPTT)

Role
Chief Accounting Officer
Signature
/s/ Joseph DiPietro
Stock symbol
OPTT
Transactions as of
Jan 22, 2024
Transactions value $
-$343
Form type
4
Date filed
1/24/2024, 04:05 PM
Previous filing
Jan 17, 2024
Next filing
Feb 2, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OPTT Common Stock Options Exercise +4.66K +87.79% 9.96K Jan 22, 2024 Direct F1
transaction OPTT Common Stock Tax liability -$343 -1.27K -12.76% $0.27 8.69K Jan 22, 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 -4.66K -50% $0.00 4.66K Jan 22, 2024 Common Stock 4.66K 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 21,2023, the reporting person was granted 14,000 restricted stock units, vesting in three equal annual installments beginning on the first anniversary of the grant date.