Ocean Power Technologies (OPTT) director gains 903,748 shares from RSU vesting

Rhea-AI Filing Summary

Ocean Power Technologies director Diana G. Purcel reported an equity award vesting that increased her direct holdings in the company. On January 16, 2026, she acquired 903,748 shares of Ocean Power Technologies common stock in a transaction coded "A" (acquisition) at a reported price of $0.00 per share. The filing explains that these shares were received upon the vesting of restricted stock units that were granted in January 2025, with each unit representing the right to receive one share of restricted stock.

After this vesting, Purcel directly owned a total of 1,327,554 shares of Ocean Power Technologies common stock. The transaction reflects stock-based compensation rather than an open-market purchase or sale, and Purcel is identified in the filing as a director of the company.

Insights

Equity Compensation Analyst

Large RSU vesting for an Ocean Power Technologies director, no cash paid.

The filing shows Diana G. Purcel, a director of Ocean Power Technologies, acquiring 903,748 shares of common stock on January 16, 2026. The transaction is coded "A" and priced at $0.00 per share, indicating it is an equity award vesting rather than an open-market purchase. The footnotes clarify this came from restricted stock units granted in January 2025, with each unit converting into one share of restricted stock.

Following the transaction, Purcel directly owns 1,327,554 shares, so the award meaningfully increases her reported stake. This type of stock-based compensation is a routine element of director pay and does not, by itself, signal a change in corporate strategy or financial outlook. Future filings may show additional vesting or any subsequent sales if they occur, but those are not indicated here.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider PURCEL DIANA G

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	903,748	$0.00	--

Holdings After Transaction: Common Stock — 1,327,554 shares (Direct)

Footnotes (1)

1. Each restricted stock unit represents a contingent right to receive one share of the Issuer's restricted stock. Shares acquired upon the vesting of a restricted stock unit granted in January 2025.

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^*

PURCEL DIANA G

(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		903,748(2)	A	(1)	1,327,554	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/ Diana G. Purcel	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) disclose for Diana G. Purcel?

The filing reports that director Diana G. Purcel acquired 903,748 shares of Ocean Power Technologies common stock on January 16, 2026 through an equity award vesting.

How many Ocean Power Technologies (OPTT) shares does Diana G. Purcel own after this transaction?

After the reported transaction, Diana G. Purcel directly beneficially owns 1,327,554 shares of Ocean Power Technologies common stock.

Was the Ocean Power Technologies (OPTT) insider transaction a purchase, sale, or award vesting?

The transaction is coded "A" for acquisition at a price of $0.00 per share, and footnotes state the 903,748 shares were acquired upon the vesting of restricted stock units granted in January 2025.

What do the footnotes in the Ocean Power Technologies (OPTT) Form 4 explain about this transaction?

The footnotes explain that each restricted stock unit represents a contingent right to receive one share of the issuer's restricted stock and that the reported shares were acquired upon the vesting of units granted in January 2025.

Is Diana G. Purcel a director or officer of Ocean Power Technologies (OPTT)?

Diana G. Purcel is identified as a director of Ocean Power Technologies, Inc. and is not listed as an officer or 10% owner in this filing.

Does the Ocean Power Technologies (OPTT) Form 4 show direct or indirect ownership for this transaction?

The Form 4 indicates that the 903,748 acquired shares and the 1,327,554 shares owned after the transaction are held with direct (D) ownership by Diana G. Purcel.