Ocean Power Technologies CEO gets 75,000 stock units

The interim president and CEO's award is tied to time-based vesting in 2027.

Rhea-AI Filing Summary

Ocean Power Technologies, Inc. (OPTT) reported that Interim President and CEO Tracy D. Pagliara received an award of 75,000 restricted stock units on September 30, 2026. Each unit represents a contingent right to receive one share of the issuer's restricted stock, with time-based vesting in 2027. The transaction reports a resulting position of 89,793 shares.

Insider Trade Summary

Grant/Award: 75,000 shares

Grant/Award 1 txn

Insider PAGLIARA TRACY D

Role Interim President and CEO

Type	Security	Shares	Price	Value
Grant/Award	Common Stock F2, F1	75,000	--	--

Holdings After Transaction: Common Stock — 89,793 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.

Key Figures

Restricted stock units awarded: 75,000 units Shares following transaction: 89,793 shares Shares per restricted stock unit: 1 share per unit +1 more

4 metrics

Restricted stock units awarded 75,000 units Award on September 30, 2026

Shares following transaction 89,793 shares Reported resulting position following the award

Shares per restricted stock unit 1 share per unit Contingent share entitlement

Vesting year 2027 Time-based vesting

Key Terms

restricted stock units, time-based vesting, contingent right

3 terms

restricted stock units financial

"shares underlying restricted stock units subject to time-based vesting in 2027"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

time-based vesting financial

"subject to time-based vesting in 2027"

Time-based vesting is a schedule that gives employees or contractors ownership of granted stock or options gradually as they remain with a company, like unlocking rewards in a loyalty program the longer you stick around. For investors, it matters because it affects future share supply, management incentives and staff retention — all of which can influence company performance and dilution of existing shareholders.

contingent right financial

"represents a contingent right to receive one share"

FAQ

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

How many RSUs did OPTT's interim president and CEO receive?

Interim President and CEO Tracy D. Pagliara received an award of 75,000 restricted stock units on September 30, 2026. Each unit represents a contingent right to receive one share of the issuer's restricted stock, with time-based vesting in 2027.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 10/02/2026 - 04:06 PM Accepted by SEC EDGAR 10/02/2026 - 04:05 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 NEW JERSEY 08831

(City) (State) (Zip)

UNITED STATES

(Country)

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
X	Officer (give title below)		Other (specify below)
	Interim President and CEO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/30/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	09/30/2026		A		75,000(2)	A	(1)	89,793	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/ Tracy Pagliara	10/02/2026
	** 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.
* Form 4: SEC 1474 (03-26)