OPTT (OPTT) CEO Philipp Stratmann receives 805,944 restricted stock units

Rhea-AI Filing Summary

Ocean Power Technologies President and CEO Philipp Stratmann, who also serves as a director, reported an equity award from the company. On January 27, 2026, he received 805,944 shares of common stock in the form of restricted stock units granted at no cash cost.

These restricted stock units are scheduled to vest over time in 2027, 2028 and 2029, tying the award to continued service and long-term performance. After this grant, Stratmann beneficially owned 2,240,539 shares of Ocean Power Technologies common stock in total, held directly.

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^*

Stratmann Philipp

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

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		805,944(1)	A	(2)	2,240,539	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. Represents shares underlying restricted stock units subject to time-based vesting in 2027, 2028 and 2029.

2. Each restricted stock unit represents a contingent right to receive one share of the Issuer's restricted stock.

	/s/ Philipp Stratmann	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.

FAQ

What did OPTT President and CEO Philipp Stratmann report in this Form 4?

Philipp Stratmann reported receiving 805,944 shares of Ocean Power Technologies common stock through a restricted stock unit award. The grant was made at no cash cost and is structured to vest over several future years, aligning compensation with longer-term company performance.

How many Ocean Power Technologies (OPTT) shares does Philipp Stratmann own after this award?

After the reported award, Philipp Stratmann beneficially owns 2,240,539 shares of Ocean Power Technologies common stock. This total includes the newly granted restricted stock units, which convert into shares as they vest over time according to the company’s equity compensation terms.

What is the size of the restricted stock unit grant to OPTT’s CEO?

The grant to Ocean Power Technologies’ CEO consists of 805,944 restricted stock units. Each unit represents the right to receive one share of restricted common stock, subject to future vesting dates, rather than an immediate, unrestricted stock issuance on the grant date.

When do Philipp Stratmann’s Ocean Power Technologies restricted stock units vest?

The restricted stock units granted to Philipp Stratmann are subject to time-based vesting in 2027, 2028, and 2029. This means the underlying shares become deliverable gradually over those years, encouraging ongoing leadership continuity and long-term alignment with shareholder interests.

What does each restricted stock unit in this OPTT Form 4 represent?

Each restricted stock unit represents a contingent right to receive one share of Ocean Power Technologies’ restricted common stock. The rights become actual shares only as vesting conditions are satisfied over time, rather than providing immediate, fully transferable common stock on the grant date.

Was there a purchase price for the OPTT restricted stock units granted to the CEO?

The Form 4 shows a transaction price of 0.0000 per share for the 805,944 restricted stock units. This indicates the award was granted as equity compensation, not purchased for cash, and is instead subject to vesting schedules in 2027, 2028, and 2029.