Ocean Power Technologies (NYSE American: OPTT) director lists 87,209 common shares
Rhea-AI Filing Summary
Ocean Power Technologies, Inc. director Joseph A. DiGuardo filed an initial Form 3 reporting his beneficial ownership of the company’s common stock. He reports direct ownership of 87,209 shares of common stock as of July 21, 2026, with no buy or sell transactions disclosed.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
DiGuardo Joseph A.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 87,209 shares (Direct)
Key Figures
Common shares beneficially owned: 87,209 shares
Reported buy transactions in Form 3: 0
Reported sell transactions in Form 3: 0
3 metrics
Common shares beneficially owned
87,209 shares
Direct holdings of Joseph A. DiGuardo as of 2026-07-21
Reported buy transactions in Form 3
0
transactionSummary buyCount for this Form 3
Reported sell transactions in Form 3
0
transactionSummary sellCount for this Form 3
Key Terms
Form 3, beneficial ownership, direct or indirect ownership type, Rule 10b5-1
4 terms
Form 3 regulatory
"Initial statement of beneficial ownership on Form 3"
Form 3 is the initial public filing that officers, directors and large shareholders must submit to report their ownership of a company’s securities when they become insiders. It acts like an opening inventory sheet that gives investors a starting point to see who holds significant stakes and to spot later trades or potential conflicts of interest, helping assess insider confidence and transparency.
beneficial ownership regulatory
"Initial statement of beneficial ownership on Form 3"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
direct or indirect ownership type regulatory
"direct_or_indirect uses D/I for Direct/Indirect ownership type"
Rule 10b5-1 regulatory
"Footnotes may reference Rule 10b5-1 trading plans or pre-arranged"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What is the purpose of Joseph A. DiGuardo’s Form 3 filing for Ocean Power Technologies (OPTT)?
The Form 3 filing establishes Joseph A. DiGuardo’s initial statement of beneficial ownership as a director of Ocean Power Technologies. It discloses his direct holdings of common stock, giving the market transparency into his equity position when he became an insider.
Does Joseph A. DiGuardo’s Form 3 for Ocean Power Technologies (OPTT) show any recent stock purchases or sales?
The Form 3 lists no purchase or sale transactions for Joseph A. DiGuardo. It only records a holding entry showing 87,209 shares of common stock owned directly, so the filing functions as a position snapshot rather than a trade report.
Is Joseph A. DiGuardo a 10% owner of Ocean Power Technologies (OPTT) according to the Form 3?
No. The reporting fields in the Form 3 indicate he is not classified as a 10% owner. He is identified as a director of Ocean Power Technologies, with 87,209 directly held common shares disclosed as his beneficial ownership position.
What type of security is reported in Joseph A. DiGuardo’s Form 3 for Ocean Power Technologies (OPTT)?
The filing reports beneficial ownership of Common Stock of Ocean Power Technologies. All 87,209 shares disclosed are common shares, giving investors clarity that his stake is in the primary equity security rather than in derivative instruments or preferred stock.
Is Joseph A. DiGuardo’s ownership in Ocean Power Technologies (OPTT) reported as direct or indirect?
The Form 3 shows his 87,209 Ocean Power Technologies shares as directly owned, coded as “D” for direct ownership type. This means the shares are attributed to him personally rather than through a trust, fund, or other indirect holding vehicle.