Ocean Power CFO granted 427,447 restricted shares

Ocean Power Technologies CFO Robert Patrick Powers reported an equity award of common stock on January 27, 2026.

Accepted by SEC EDGAR 01/28/2026 - 04:09 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Ocean Power Technologies CFO Robert Patrick Powers reported an equity award of common stock on January 27, 2026. He was granted 427,447 shares, representing shares underlying restricted stock units that vest over time in 2027, 2028 and 2029.

Each restricted stock unit gives a contingent right to receive one share of the company’s restricted stock. Following this award, Powers beneficially owns 1,192,714 shares of Ocean Power Technologies common stock in direct ownership.

Insider Trade Summary

Grant/Award: 427,447 shares

Grant/Award 1 txn

Insider Powers Robert Patrick

Role CFO

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	427,447	$0.00	$0.00

Holdings After Transaction: Common Stock — 1,192,714 shares (Direct)

Holdings Before and After: Common Stock, 765,267 to 1,192,714 shares (Direct)

Footnotes (2)

1. F1. Represents shares underlying restricted stock units subject to time-based vesting in 2027, 2028 and 2029.
2. F2. Each restricted stock unit represents a contingent right to receive one share of the Issuer's restricted stock.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did OPTT CFO Robert Patrick Powers report?

Robert Patrick Powers reported receiving an equity award of 427,447 shares of Ocean Power Technologies common stock. The award is in the form of restricted stock units that convert into restricted shares subject to time-based vesting during 2027, 2028 and 2029.

How many Ocean Power Technologies (OPTT) shares does the CFO own after the grant?

After the reported award, CFO Robert Patrick Powers beneficially owns 1,192,714 shares of Ocean Power Technologies common stock. These holdings are reported as directly owned and include the newly granted restricted stock unit-based shares once they settle over time.

What type of securities did the OPTT Form 4 transaction involve?

The transaction involved Ocean Power Technologies common stock delivered through restricted stock units. Each unit represents a contingent right to receive one share of the company’s restricted stock, subject to time-based vesting in 2027, 2028 and 2029 under the award terms.

Was any price paid for the 427,447 Ocean Power Technologies shares?

No cash price was paid for the 427,447 shares reported; the Form 4 shows a price per share of 0.0000. The shares are issued as part of a restricted stock unit award, which is a form of equity compensation rather than an open-market purchase.

How is the restricted stock unit award to the OPTT CFO structured over time?

The award consists of restricted stock units that are subject to time-based vesting in 2027, 2028 and 2029. As vesting milestones are met, each unit converts into one share of Ocean Power Technologies restricted stock, increasing the CFO’s deliverable share ownership.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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)
01/27/2026

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	01/27/2026		A		427,447(1)	A	(2)	1,192,714	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. Represents shares underlying restricted stock units subject to time-based vesting in 2027, 2028 and 2029.

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

	/s/ Robert Powers	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 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.