Director at Ocean Power (OPTT) receives 1,354,802 vested RSU shares

Rhea-AI Filing Summary

Ocean Power Technologies director Terence James Cryan reported the vesting of 1,354,802 shares of common stock on January 16, 2026. These shares were acquired at no cash cost to him upon vesting of a restricted stock unit award that had been granted in January 2025. Each restricted stock unit represents a contingent right to receive one share of the company’s restricted stock. Following this award, Cryan beneficially owns 1,955,395 shares of Ocean Power Technologies common stock in direct ownership.

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

OMB APPROVAL

OMB Number:			3235-0287
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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^*

Cryan Terence James

(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
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
01/16/2026

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	01/16/2026		A		1,354,802(2)	A	(1)	1,955,395	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

Explanation of Responses:

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

2. Shares acquired upon the vesting of a restricted stock unit granted in January 2025.

	/s/ Terence James Cryan	01/21/2026
	** 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 4 (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 insider transaction did Ocean Power Technologies (OPTT) report for Terence James Cryan?

Ocean Power Technologies reported that director Terence James Cryan acquired 1,354,802 shares of common stock on January 16, 2026, shown as an acquisition in a Form 4 filing.

How many Ocean Power Technologies (OPTT) shares does Terence James Cryan own after this transaction?

After the reported transaction, Terence James Cryan beneficially owns 1,955,395 shares of Ocean Power Technologies common stock in direct ownership.

What is the nature of the 1,354,802 Ocean Power Technologies (OPTT) shares acquired by Terence James Cryan?

The 1,354,802 shares were acquired upon the vesting of restricted stock units that were originally granted in January 2025, with each unit representing a right to receive one share of restricted stock.

Did Terence James Cryan pay a purchase price for the Ocean Power Technologies (OPTT) shares reported?

No cash purchase price was reported; the transaction price per share was listed as 0.0000, reflecting that the shares were received through vesting of restricted stock units rather than an open-market purchase.

What is Terence James Cryan’s relationship to Ocean Power Technologies (OPTT)?

Terence James Cryan is reported as a director of Ocean Power Technologies, Inc. and is not listed as an officer or 10% owner in this filing.

Was the Ocean Power Technologies (OPTT) Form 4 filed by multiple reporting persons?

No. The Form 4 indicates it was filed by one reporting person, namely Terence James Cryan, with direct ownership of the reported shares.