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Ocean Power (OPTT) SVP adds 273,256 RSUs, lifts stake to 565,230 shares

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

Rhea-AI Filing Summary

Ocean Power Technologies reported an insider equity award for Senior VP and General Counsel Tracy Pagliara. On January 16, 2026, Pagliara acquired 273,256 restricted stock units (RSUs) at a price of $0 per unit. Each RSU represents a contingent right to receive one share of restricted common stock.

The filing also shows Pagliara acquired 291,974 common shares upon time-based vesting of RSUs granted in January 2025, and an additional 273,256 common shares when performance-based RSUs granted on January 16, 2025 were deemed to have met their criteria on January 16, 2026. Following these transactions, Pagliara directly owned 565,230 shares of common stock.

Positive

  • None.

Negative

  • None.

Insights

Routine equity awards increased an executive’s share holdings with no cash outlay.

This Form 4 shows that Ocean Power Technologies granted Senior VP and General Counsel Tracy Pagliara 273,256 restricted stock units on January 16, 2026, along with the vesting of prior RSU grants into common shares. All transactions were recorded at a price of $0 per share, consistent with stock-based compensation rather than open-market purchases.

The filing explains that 291,974 shares were issued from time-based RSUs granted in January 2025, and another 273,256 shares from performance-based RSUs granted on January 16, 2025, after performance criteria were deemed achieved on January 16, 2026. After these events, Pagliara directly held 565,230 common shares. These are standard incentive and retention mechanisms, and the information is primarily administrative rather than thesis-changing.

Insider PAGLIARA TRACY D
Role Senior VP and General Counsel
Type Security Shares Price Value
Grant/Award Restricted Stock Unit 273,256 $0.00 --
Grant/Award Common Stock 291,974 $0.00 --
Grant/Award Common Stock 273,256 $0.00 --
Holdings After Transaction: Restricted Stock Unit — 273,256 shares (Direct); Common Stock — 291,974 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 time-based vesting of restricted stock units granted in January 2025. On January 16, 2025, the reporting person was granted 273,256 restricted stock units, vesting based on achievement of certain performance criteria. Vesting of such criteria was deemed to occur on January 16, 2026.
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*
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)
01/16/2026
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 291,974(2) A (1) 291,974 D
Common Stock 01/16/2026 A 273,256(3) A (1) 565,230 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) 01/16/2026 A 273,256 (3) (3) Common Stock 273,256 $0 273,256 D
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 time-based vesting of restricted stock units granted in January 2025.
3. On January 16, 2025, the reporting person was granted 273,256 restricted stock units, vesting based on achievement of certain performance criteria. Vesting of such criteria was deemed to occur on January 16, 2026.
/s/ Tracy Pagliara 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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Ocean Power Technologies (OPTT) report for Tracy Pagliara?

The company reported that Senior VP and General Counsel Tracy Pagliara acquired equity through restricted stock units and their vesting into common shares on January 16, 2026.

How many restricted stock units did Tracy Pagliara receive from Ocean Power Technologies (OPTT)?

Tracy Pagliara received 273,256 restricted stock units (RSUs) on January 16, 2026, with each unit representing a contingent right to one share of restricted common stock.

What triggered the new common stock holdings for Tracy Pagliara at Ocean Power Technologies (OPTT)?

Pagliara acquired 291,974 shares from time-based RSUs granted in January 2025 and 273,256 shares from performance-based RSUs granted on January 16, 2025, after performance criteria were deemed satisfied on January 16, 2026.

How many Ocean Power Technologies (OPTT) shares does Tracy Pagliara own after the reported Form 4 transactions?

Following the reported transactions, Tracy Pagliara directly owned 565,230 shares of Ocean Power Technologies common stock.

Were any cash purchases involved in Tracy Pagliara’s Ocean Power Technologies (OPTT) transactions?

No cash purchases were reported; the Form 4 shows a $0 price per share, indicating these were equity compensation awards and vestings rather than market purchases.

What is the nature of the performance-based RSUs reported for Ocean Power Technologies (OPTT)?

The filing states that 273,256 RSUs were granted on January 16, 2025, vesting based on achievement of certain performance criteria, which were deemed to have been met on January 16, 2026.