Ocean Power Technologies officer reports stock awards

The reported awards span performance-based units and time-based vesting schedules running through 2029.

Rhea-AI Filing Summary

Ocean Power Technologies, Inc. (OPTT) Chief Commercial Officer Jason Eugene Weed reports direct restricted stock unit holdings covering 18,790 and 5,000 underlying common shares; both awards vest based on performance criteria. Separate footnotes describe time-based grants of 6,479 units on January 31, 2026, scheduled to vest in 2027, 2028 and 2029, and 8,333 units on June 16, 2025, subject to vesting in 2027, with a portion achieving vesting in 2026.

Insider Trade Summary

5 transactions reported

Mixed 5 txns

Insider Weed Jason Eugene

Role Chief Commercial Officer

Type	Security	Shares	Price	Value
holding	Restricted Stock Unit F3	--	--	--
holding	Restricted Stock Unit F4	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock F1	--	--	--
holding	Common Stock F2	--	--	--

Holdings After Transaction: Restricted Stock Unit — 23,790 contracts (Direct); Common Stock — 20,196 shares (Direct)

Footnotes (4)

1. F1. On January 31, 2026, the reporting person was granted 6,479 restricted stock units subject to time-based vesting in 2027, 2028 and 2029.
2. F2. On June 16, 2025, the reporting person was granted 8,333 restricted stock units subject to time-based vesting in 2027. A portion of this award achieved vesting in 2026.
3. F3. On January 31, 2026, the reporting person was granted 18,790 restricted stock units, vesting based on achievement of certain performance criteria.
4. F4. On June 16, 2025, the reporting person was granted 5,000 restricted stock units, vesting based on achievement of certain performance criteria.

Key Figures

Underlying common shares for performance-based RSUs: 18,790 shares Underlying common shares for performance-based RSUs: 5,000 shares Time-based RSU grant: 6,479 restricted stock units +1 more

4 metrics

Underlying common shares for performance-based RSUs 18,790 shares Direct holding; vesting based on performance criteria

Underlying common shares for performance-based RSUs 5,000 shares Direct holding; vesting based on performance criteria

Time-based RSU grant 6,479 restricted stock units Granted January 31, 2026; vesting in 2027, 2028 and 2029

Time-based RSU grant 8,333 restricted stock units Granted June 16, 2025; subject to vesting in 2027, with a portion achieving vesting in 2026

Key Terms

Restricted Stock Unit, time-based vesting, performance criteria

3 terms

Restricted Stock Unit financial

"granted 18,790 restricted stock units"

A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.

time-based vesting financial

"subject to time-based vesting in 2027, 2028 and 2029"

Time-based vesting is a schedule that gives employees or contractors ownership of granted stock or options gradually as they remain with a company, like unlocking rewards in a loyalty program the longer you stick around. For investors, it matters because it affects future share supply, management incentives and staff retention — all of which can influence company performance and dilution of existing shareholders.

performance criteria financial

"vesting based on achievement of certain performance criteria"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many restricted stock units did OPTT Chief Commercial Officer Jason Eugene Weed report?

Jason Eugene Weed reported direct restricted stock unit holdings covering 18,790 and 5,000 underlying common shares. Both awards vest based on achievement of performance criteria.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 10/02/2026 - 04:06 PM Accepted by SEC EDGAR 10/02/2026 - 04:05 PM Learn about SEC filing dates

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0104
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1. Name and Address of Reporting Person^*

Weed Jason Eugene

(Last) (First) (Middle)

C/O OCEAN POWER TECHNOLOGIES, INC.

28 ENGELHARD DRIVE, SUITE B

(Street)

MONROE TOWNSHIP NEW JERSEY 08831

(City) (State) (Zip)

UNITED STATES

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
09/10/2026

3. Issuer Name and Ticker or Trading Symbol
Ocean Power Technologies, Inc. [ OPTT ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Commercial Officer

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	5,384	D
Common Stock	6,479(1)	D
Common Stock	8,333(2)	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Unit	(3)	(3)	Common Stock	18,790	$0	D
Restricted Stock Unit	(4)	(4)	Common Stock	5,000	$0	D

Explanation of Responses:

1. On January 31, 2026, the reporting person was granted 6,479 restricted stock units subject to time-based vesting in 2027, 2028 and 2029.

2. On June 16, 2025, the reporting person was granted 8,333 restricted stock units subject to time-based vesting in 2027. A portion of this award achieved vesting in 2026.

3. On January 31, 2026, the reporting person was granted 18,790 restricted stock units, vesting based on achievement of certain performance criteria.

4. On June 16, 2025, the reporting person was granted 5,000 restricted stock units, vesting based on achievement of certain performance criteria.

	/s/Jason Weed	10/02/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)