OPTT director granted 151,189 restricted shares

Ocean Power Technologies director Jim Raymond Thompson received an equity award in the form of restricted stock units.

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

Rhea-AI Filing Summary

Ocean Power Technologies director Jim Raymond Thompson received an equity award in the form of restricted stock units. On 01/27/2026, he was granted 151,189 units, each representing a right to receive one share of the company’s restricted stock, at no cash price.

These units are subject to time-based vesting in 2027. Following this grant, Thompson is reported as directly beneficially owning 151,189 shares of Ocean Power Technologies common stock.

Insider Trade Summary

Grant/Award: 151,189 shares

Grant/Award 1 txn

Insider Thompson Jim Raymond

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	151,189	$0.00	$0.00

Holdings After Transaction: Common Stock — 151,189 shares (Direct)

Holdings Before and After: Common Stock, 0 to 151,189 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. Represents shares underlying restricted stock units subject to time-based vesting in 2027.

FAQ

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

What did Ocean Power Technologies (OPTT) insider Jim Thompson report on this Form 4?

Jim Raymond Thompson reported receiving 151,189 restricted stock units. The award was granted on 01/27/2026 and carries no cash exercise price. Each unit represents a right to receive one share of Ocean Power Technologies restricted stock, subject to future vesting conditions.

How many Ocean Power Technologies shares did Jim Thompson beneficially own after this transaction?

After the transaction, Thompson beneficially owned 151,189 shares. The Form 4 states that, following the reported equity grant, his directly held beneficial ownership in Ocean Power Technologies common stock stands at 151,189 shares, reflecting the entire reported position after the award.

What type of security did Jim Thompson receive from Ocean Power Technologies (OPTT)?

Thompson received restricted stock units linked to common stock. Each restricted stock unit represents a contingent right to receive one share of Ocean Power Technologies’ restricted stock, giving him equity exposure without paying a purchase price at grant, subject to vesting requirements in 2027.

When do Jim Thompson’s Ocean Power Technologies restricted stock units vest?

The restricted stock units are subject to time-based vesting in 2027. According to the footnote, the 151,189 units will vest based on time conditions during 2027, meaning actual shares are delivered only after those vesting requirements are satisfied.

Did Jim Thompson pay any price per share for the Ocean Power Technologies award?

No cash price was paid for the restricted stock units. The Form 4 lists the transaction price per share as 0.0000, indicating the award was granted as compensation rather than purchased in the open market for cash consideration.

What is Jim Thompson’s relationship to Ocean Power Technologies (OPTT)?

Jim Raymond Thompson is a director of Ocean Power Technologies. The filing indicates he holds the role of director and is not listed as an officer or 10% owner, making this equity grant a component of his director-level compensation structure.

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^*

Thompson Jim Raymond

(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)
01/27/2026

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		151,189(2)	A	(1)	151,189	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. Represents shares underlying restricted stock units subject to time-based vesting in 2027.

	/s/ Jim Thompson	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.