OPTT insider granted 201,442 stock units

Ocean Power Technologies insider equity award: Senior VP and General Counsel Tracy D. Pagliara reported a performance-based equity vesting.

Rhea-AI Filing Summary

Ocean Power Technologies insider equity award: Senior VP and General Counsel Tracy D. Pagliara reported a performance-based equity vesting. On January 30, 2026, 201,442 restricted stock units vested, each representing a right to receive one share of restricted common stock. This resulted in the acquisition of 201,442 shares of common stock at a price of $0 per share. Following this transaction, Pagliara directly beneficially owned 1,181,250 shares of Ocean Power Technologies common stock.

Insider Trade Summary

Grant/Award: 402,884 shares

Grant/Award 2 txns

Insider PAGLIARA TRACY D

Role Senior VP and General Counsel

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Unit	201,442	$0.00	$0.00
Grant/Award	Common Stock	201,442	$0.00	$0.00

Holdings After Transaction: Restricted Stock Unit — 201,442 contracts (Direct); Common Stock — 1,181,250 shares (Direct)

Footnotes (2)

1. F1. Each restricted stock unit represents a contingent right to receive one share of the Issuer's restricted stock.
2. F2. On January 16, 2025, the reporting person was granted 201,442 restricted stock units, vesting based on achievement of certain performance criteria. Vesting of such criteria was deemed to occur on January 30, 2026.

FAQ

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

What did insider Tracy Pagliara report in Ocean Power Technologies (OPTT) Form 4?

Tracy D. Pagliara reported the vesting of 201,442 restricted stock units on January 30, 2026. Each unit represented one share of restricted common stock, resulting in the acquisition of 201,442 Ocean Power Technologies common shares at a price of $0 per share.

How many Ocean Power Technologies shares does Tracy Pagliara own after this Form 4?

After the reported transaction, Tracy D. Pagliara directly beneficially owned 1,181,250 shares of Ocean Power Technologies common stock. This total reflects the addition of 201,442 shares received upon the vesting of previously granted performance-based restricted stock units.

What was the size of the restricted stock unit award reported by OPTT insider Tracy Pagliara?

The award consisted of 201,442 restricted stock units tied to performance criteria. Each unit represents a contingent right to receive one share of the company’s restricted common stock, and vesting of these units was deemed to occur on January 30, 2026, triggering share delivery.

When were Tracy Pagliara’s performance-based restricted stock units granted and when did they vest?

Tracy D. Pagliara was granted 201,442 restricted stock units on January 16, 2025. These units vested based on achievement of certain performance criteria, with vesting of those criteria deemed to occur on January 30, 2026, leading to share issuance on that date.

What role does Tracy Pagliara hold at Ocean Power Technologies (OPTT)?

Tracy D. Pagliara serves as Senior Vice President and General Counsel of Ocean Power Technologies. This officer position is disclosed in the Form 4, which reports changes in Pagliara’s beneficial ownership of the company’s equity securities, including restricted stock units and common stock.

Were any indirect ownership or special entities involved in Tracy Pagliara’s OPTT Form 4 transactions?

The reported holdings are listed as directly owned by Tracy D. Pagliara. The Form 4 shows the ownership form as “D” for direct, and the footnotes focus on the nature and vesting of the restricted stock units rather than any trusts, LLCs, or indirect ownership structures.

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Accepted by SEC EDGAR 01/30/2026 - 04:15 PM Learn about SEC filing dates

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^*

PAGLIARA TRACY D

(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)
	Senior VP and General Counsel

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		201,442(2)	A	(1)	1,181,250	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	(1)	01/30/2026		A		201,442		(2)	(2)	Common Stock	201,442	$0	201,442	D

Explanation of Responses:

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

2. On January 16, 2025, the reporting person was granted 201,442 restricted stock units, vesting based on achievement of certain performance criteria. Vesting of such criteria was deemed to occur on January 30, 2026.

	/s/ Tracy Pagliara	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.