Director at Ocean Power Technologies (OPTT) awarded 558,080 shares

Rhea-AI Filing Summary

Ocean Power Technologies director Clyde W. Hewlett reported the vesting of restricted stock units into 558,080 shares of common stock on January 16, 2026. The filing shows these shares were acquired at a stated price of $0.0000 per share, indicating they came from an equity award rather than an open-market purchase. According to the report, Hewlett now directly owns 981,886 shares of Ocean Power Technologies common stock. Footnotes explain that each restricted stock unit represents a right to receive one share and that the shares were issued upon vesting of a unit grant from January 2025.

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

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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^*

Hewlett Clyde W

(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		558,080(2)	A	(1)	981,886	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/ Clyde W. Hewlett	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 OPTT director Clyde W. Hewlett report?

Director Clyde W. Hewlett reported the acquisition of 558,080 shares of Ocean Power Technologies common stock on January 16, 2026 through the vesting of restricted stock units.

How many Ocean Power Technologies (OPTT) shares does Clyde W. Hewlett own after this transaction?

After the reported transaction, Clyde W. Hewlett directly beneficially owns 981,886 shares of Ocean Power Technologies common stock.

Was the OPTT insider transaction an open-market purchase or an equity award?

The transaction was an equity award vesting. Footnotes state the shares were acquired upon vesting of restricted stock units originally granted in January 2025, with a reported price of $0.0000 per share.

What do the restricted stock unit footnotes mean for the OPTT Form 4 filing?

The footnotes explain that each restricted stock unit represents a right to receive one share of the issuer's stock and that the 558,080 shares were issued upon vesting of a grant made in January 2025.

What is Clyde W. Hewlett’s relationship to Ocean Power Technologies (OPTT)?

According to the filing, Clyde W. Hewlett is a director of Ocean Power Technologies, Inc. and is not listed as an officer or 10% owner.

Was the OPTT Form 4 filed by more than one reporting person?

No. The Form 4 indicates it was filed by one reporting person, identified as Hewlett Clyde W.