Ocean Power Technologies (OPTT) director awarded 377,973 restricted units

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Filing Sentiment

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Form Type

Rhea-AI Filing Summary

Ocean Power Technologies director Terence James Cryan received an equity award tied to the company’s common stock. On 01/27/2026, he acquired 377,973 shares of common stock at a price of $0.00 per share, in the form of restricted stock units.

Each restricted stock unit represents the right to receive one share of restricted stock, and these units are subject to time-based vesting in 2027. Following this grant, Cryan beneficially owns 2,333,368 shares of Ocean Power Technologies common stock, held directly.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Cryan Terence James

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	377,973	$0.00	--

Holdings After Transaction: Common Stock — 2,333,368 shares (Direct)

Footnotes (1)

Each restricted stock unit represents a contingent right to receive one share of the Issuer's restricted stock. Represents shares underlying restricted stock units subject to time-based vesting in 2027.

Form 4 Insider Transactions: What Each Field Means →

01/28/2026 - 04:09 PM

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^*

Cryan Terence James

(Last)

(First)

(Middle)

C/O OCEAN POWER TECHNOLOGIES, INC.

28 ENGELHARD DRIVE, SUITE B

(Street)

MONROE TOWNSHIP

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	01/27/2026		A		377,973⁽²⁾	A	⁽¹⁾	2,333,368	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

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/ Terence James Cryan	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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did OPTT director Terence James Cryan report?

Terence James Cryan reported acquiring 377,973 shares of Ocean Power Technologies common stock via restricted stock units. The award was granted at a price of $0.00 per share and increases his directly held beneficial ownership stake in the company.

When did the reported Ocean Power Technologies (OPTT) insider transaction occur?

The reported insider transaction occurred on January 27, 2026. On that date, director Terence James Cryan received 377,973 restricted stock units tied to Ocean Power Technologies common stock, as reflected in his updated beneficial ownership position after the grant.

How many Ocean Power Technologies shares does Terence James Cryan now beneficially own?

After the January 27, 2026 grant, Terence James Cryan beneficially owns 2,333,368 shares of Ocean Power Technologies common stock. This figure reflects his direct holdings following receipt of 377,973 additional shares through restricted stock unit awards.

What are the terms of the 377,973 restricted stock units granted at OPTT?

The 377,973 units are restricted stock units, each representing a contingent right to receive one share of restricted stock. According to the disclosure, these units are subject to time-based vesting in 2027 before they fully convert into shares.

Was there any purchase price for the Ocean Power Technologies restricted stock units?

No cash purchase price was paid for the restricted stock units. The 377,973 shares of Ocean Power Technologies common stock were granted at a stated price of $0.00 per share, consistent with typical equity incentive awards to company directors.

Is Terence James Cryan a director or officer of Ocean Power Technologies (OPTT)?

Terence James Cryan is identified as a director of Ocean Power Technologies. The filing classifies him as a director, not an officer or 10% owner, and the reported equity grant relates to his role on the company’s board.