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

Role
Chief Commercial Officer
Signature
/s/ Matthew Burdyny
Stock symbol
OPTT
Transactions as of
Jan 22, 2024
Transactions value $
-$697
Form type
4
Date filed
1/24/2024, 04:05 PM
Previous filing
Nov 17, 2023
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 +9.01K +18.01% 59K Jan 22, 2024 Direct F1
transaction OPTT Common Stock Tax liability -$697 -2.58K -4.37% $0.27 56.4K 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 -9.01K -50% $0.00 9.01K Jan 22, 2024 Common Stock 9.01K 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 27,000 restricted stock units, vesting in three equal annual installments beginning on the first anniversary of the grant date.