Ocean Power Technologies (OPTT) director Montesi reports no share ownership

Rhea-AI Filing Summary

Ocean Power Technologies director reports no share ownership. Corliss J. Montesi filed an initial Form 3 as a director of Ocean Power Technologies, Inc. This filing states that no non-derivative or derivative securities of the company are beneficially owned, meaning the director reports holding no OPTT shares or related instruments.

Understanding Insider Trading Forms →

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
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Montesi Corliss J.

(Last) (First) (Middle)

C/O OCEAN POWER TECHNOLOGIES, INC.

28 ENGELHARD DRIVE, SUITE B

(Street)

MONROE TOWNSHIP NJ 08831

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
01/27/2026

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

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

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

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

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)

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

Explanation of Responses:

No securities are beneficially owned.

	/s/Corliss Montesi	01/28/2026
	** 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.

FAQ

What does the Ocean Power Technologies (OPTT) Form 3 filed by Corliss J. Montesi show?

The Form 3 shows that director Corliss J. Montesi currently reports no beneficial ownership of Ocean Power Technologies, Inc. securities. Both non-derivative and derivative holdings tables are effectively empty, and the explanation section states, “No securities are beneficially owned.”

What is the role of Corliss J. Montesi at Ocean Power Technologies (OPTT)?

The filing identifies Corliss J. Montesi as a director of Ocean Power Technologies, Inc. The officer and 10% owner boxes are not checked, indicating the reporting person’s relationship to the company is limited to board service rather than executive or large-shareholder status.

Does the OPTT Form 3 disclose any stock or option holdings for Corliss J. Montesi?

No, the Form 3 discloses no stock or option holdings for Corliss J. Montesi. Table I and Table II show no beneficially owned securities, and the explanation of responses explicitly states, “No securities are beneficially owned,” confirming zero reported ownership.

Are there any transactions reported in the Ocean Power Technologies (OPTT) Form 3?

The Form 3 includes no reported transactions. It functions as an initial ownership statement rather than a record of trades, with the key disclosure that Corliss J. Montesi, a director, reports no beneficial ownership of Ocean Power Technologies, Inc. securities at the time of the event.

Why was this Form 3 filed for Ocean Power Technologies (OPTT)?

Form 3 is filed when someone becomes a reportable insider such as a director. This filing records that Corliss J. Montesi, in that role at Ocean Power Technologies, Inc., had no beneficial ownership of the company’s securities as of the stated event date.