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Ocean Power Technologies (OPTT) CFO gains 282K shares from RSUs

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Ocean Power Technologies CFO Robert Patrick Powers reported multiple share acquisitions tied to restricted stock unit (RSU) vesting on January 30, 2026. He acquired 54,013, 54,032, and 173,920 shares of common stock at a price of $0 per share.

The 54,013 shares reflect time-based vesting of RSUs granted in January 2024. The 54,032 and 173,920 shares relate to RSUs granted on January 31, 2024 and January 16, 2025, which vested upon achievement of specified performance criteria deemed met on January 30, 2026. Following these transactions, he directly owned 1,474,679 shares of common stock and held RSUs covering 54,032 and 173,920 shares.

Positive

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Insider Powers Robert Patrick
Role CFO
Type Security Shares Price Value
Exercise Restricted Stock Unit 54,032 $0.00 --
Exercise Restricted Stock Unit 173,920 $0.00 --
Grant/Award Common Stock 54,013 $0.00 --
Grant/Award Common Stock 54,032 $0.00 --
Grant/Award Common Stock 173,920 $0.00 --
Holdings After Transaction: Restricted Stock Unit — 54,032 shares (Direct); Common Stock — 1,246,727 shares (Direct)
Footnotes (1)
  1. Shares acquired upon the time-based vesting of restricted stock units granted in January 2024. On January 31, 2024, the reporting person was granted 54,032 restricted stock units, vesting based on achievement of certain performance criteria. Vesting of such criteria was deemed to occur on January 30, 2026. On January 16, 2025, the reporting person was granted 173,920 restricted stock units, vesting based on achievement of certain performance criteria. Vesting of such criteria was deemed to occur on January 30, 2026. Each restricted stock unit represents a contingent right to receive one share of the Issuer's restricted stock.
Form 4 Insider Transactions: What Each Field Means →
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
Estimated average burden
hours per response: 0.5
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*
Powers Robert Patrick
(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)
Director 10% Owner
X Officer (give title below) Other (specify below)
CFO
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 54,013(1) A (4) 1,246,727 D
Common Stock 01/30/2026 A 54,032(2) A (4) 1,300,759 D
Common Stock 01/30/2026 A 173,920(3) A (4) 1,474,679 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 54,032 (2) (2) Common Stock 54,032 $0 54,032 D
Restricted Stock Unit (4) 01/30/2026 M 173,920 (3) (3) Common Stock 173,920 $0 173,920 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 54,032 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 173,920 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/ Robert Powers 01/30/2026
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did OPTT CFO Robert Patrick Powers report?

Ocean Power Technologies CFO Robert Patrick Powers reported acquiring common shares through restricted stock unit vesting. On January 30, 2026, multiple RSU grants vested, resulting in common stock being issued to him at a price of $0 per share, with no reported sales.

How many Ocean Power Technologies (OPTT) shares did the CFO acquire?

On January 30, 2026, the CFO acquired 54,013, 54,032, and 173,920 Ocean Power Technologies common shares. These issuances stemmed from vesting of previously granted restricted stock units, all reported at a transaction price of $0 per share, increasing his direct holdings.

What triggered the RSU vesting reported by OPTTs CFO?

The Form 4 shows both time-based and performance-based vesting. Shares from January 2024 RSUs vested over time, while RSUs granted on January 31, 2024 and January 16, 2025 vested when specified performance criteria were deemed achieved on January 30, 2026, converting into common stock.

How many OPTT common shares does the CFO own after these transactions?

After the reported transactions on January 30, 2026, Robert Patrick Powers directly owned 1,474,679 Ocean Power Technologies common shares. This total reflects the newly issued shares from vested restricted stock units added to his prior holdings, as detailed in the Form 4 table.

Were any Ocean Power Technologies shares sold in this Form 4 filing?

The filing reports only acquisitions of Ocean Power Technologies common shares at a transaction price of $0 per share. All entries are coded as acquisitions tied to restricted stock unit vesting, with no dispositions or sales of common stock shown in the reported transactions.

What RSU positions does the OPTT CFO hold after the January 30, 2026 vesting?

Following the January 30, 2026 transactions, the Form 4 shows the CFO beneficially owning 54,032 and 173,920 restricted stock units. Each restricted stock unit represents a contingent right to receive one share of the issuers stock, according to the explanatory footnotes.