Ocean Power Technologies (OPTT) CEO boosts stake through RSU vesting

Rhea-AI Filing Summary

Ocean Power Technologies President and CEO Philipp Stratmann reported the vesting and settlement of several restricted stock unit (RSU) awards into common stock on January 30, 2026.

He acquired 100,162 shares of common stock upon time-based RSU vesting from a January 2024 grant, and an additional 100,198 and 392,553 shares of common stock tied to performance-based RSUs granted on January 31, 2024 and January 16, 2025, respectively, after the performance criteria were deemed satisfied on January 30, 2026. Each RSU represents a right to receive one share of the company’s restricted stock. Following these transactions, Stratmann directly beneficially owns 2,833,452 shares of Ocean Power Technologies common stock, as well as RSU positions shown in the derivative table, all at a reported transaction price of $0.00 per share.

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Stratmann Philipp

(Last) (First) (Middle)

C/O OCEAN POWER TECHNOLOGIES, INC.

28 ENGELHARD DRIVE, SUITE B

(Street)

MONROE TOWNSHIP NJ 08831

(City) (State) (Zip)

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

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

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

3. Date of Earliest Transaction (Month/Day/Year)
01/30/2026

4. 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 Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	01/30/2026		A		100,162(1)	A	(4)	2,340,701	D
Common Stock	01/30/2026		A		100,198(2)	A	(4)	2,440,899	D
Common Stock	01/30/2026		A		392,553(3)	A	(4)	2,833,452	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Unit	(4)	01/30/2026		M		100,198		(2)	(2)	Common Stock	100,198	$0	100,198	D
Restricted Stock Unit	(4)	01/30/2026		M		392,553		(3)	(3)	Common Stock	392,553	$0	392,553	D

Explanation of Responses:

1. Shares acquired upon the time-based vesting of restricted stock units granted in January 2024.

2. On January 31, 2024, the reporting person was granted 100,198 restricted stock units, vesting based on achievement of certain performance criteria. Vesting of such criteria was deemed to occur on January 30, 2026.

3. On January 16, 2025, the reporting person was granted 392,553 restricted stock units, vesting based on achievement of certain performance criteria. Vesting of such criteria was deemed to occur on January 30, 2026.

4. Each restricted stock unit represents a contingent right to receive one share of the Issuer's restricted stock.

	/s/ Philipp Stratmann	01/30/2026
	** Signature of Reporting Person	Date
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FAQ

What did OPTT CEO Philipp Stratmann report in this Form 4 filing?

Philipp Stratmann reported the vesting and settlement of multiple restricted stock unit awards into Ocean Power Technologies common stock on January 30, 2026. These awards converted into several hundred thousand shares, increasing his directly beneficially owned common stock to 2,833,452 shares.

How many Ocean Power Technologies (OPTT) shares does the CEO own after these transactions?

After the reported transactions on January 30, 2026, Philipp Stratmann directly beneficially owns 2,833,452 shares of Ocean Power Technologies common stock. This figure comes from the Form 4’s non-derivative securities table, which shows his post-transaction ownership level following the RSU vesting events.

What restricted stock unit grants are disclosed for OPTT’s CEO in this filing?

The filing discloses RSU grants made on January 31, 2024 and January 16, 2025, each tied to performance criteria, plus a time-based RSU grant from January 2024. Vesting of the performance-based criteria was deemed to occur on January 30, 2026, triggering conversion into common stock.

At what price were the Ocean Power Technologies (OPTT) shares acquired in this Form 4?

The reported acquisitions of Ocean Power Technologies common stock by CEO Philipp Stratmann were at a transaction price of $0.00 per share. This reflects settlement of restricted stock units into shares, rather than open-market purchases for cash consideration, as indicated in the Form 4 tables.

What does each restricted stock unit represent for Ocean Power Technologies (OPTT)?

Each restricted stock unit disclosed in the filing represents a contingent right to receive one share of Ocean Power Technologies restricted stock. When vesting conditions are met, these RSUs convert into common shares, as shown by the January 30, 2026 transactions reported by the company’s CEO.

Were OPTT CEO Philipp Stratmann’s RSUs time-based or performance-based?

The filing shows both types. Shares tied to RSUs granted in January 2024 vested based on time, while RSUs granted on January 31, 2024 and January 16, 2025 vested upon achievement of specified performance criteria, which were deemed satisfied on January 30, 2026.