Ocean Power director granted 151,189-share equity award

Ocean Power Technologies director Corliss J. Montesi reported an equity award.

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

Rhea-AI Filing Summary

Ocean Power Technologies director Corliss J. Montesi reported an equity award. On January 27, 2026, Montesi was granted 151,189 shares of common stock at no purchase price, representing shares underlying restricted stock units that are subject to time-based vesting in 2027. Following this award, Montesi directly beneficially owns 151,189 shares.

Insider Trade Summary

Grant/Award: 151,189 shares

Grant/Award 1 txn

Insider Montesi Corliss J.

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) disclose in this Form 4?

Ocean Power Technologies reported that director Corliss J. Montesi received an equity award. The filing shows 151,189 shares of common stock were acquired at no cost, tied to restricted stock units subject to time-based vesting in 2027.

How many Ocean Power Technologies (OPTT) shares did Corliss Montesi acquire?

Corliss Montesi acquired 151,189 shares of common stock. These shares correspond to restricted stock units, each representing a contingent right to receive one share, with the units subject to time-based vesting in 2027 as disclosed in the filing.

What type of award did Ocean Power Technologies (OPTT) grant to Corliss Montesi?

The award consists of restricted stock units, each representing a contingent right to receive one share of Ocean Power Technologies common stock. In total, 151,189 shares are underlying these units, which are subject to time-based vesting in 2027.

Did Corliss Montesi pay for the Ocean Power Technologies (OPTT) shares received?

According to the Form 4, the 151,189 shares linked to restricted stock units were acquired at a price per share of $0.0000. This indicates they were granted as compensation rather than purchased in an open-market transaction.

How many Ocean Power Technologies (OPTT) shares does Corliss Montesi own after this transaction?

After the reported award, Corliss Montesi beneficially owns 151,189 shares of common stock directly. This total reflects the shares underlying the newly granted restricted stock units that are scheduled to vest based on time-based conditions in 2027.

What is the vesting schedule for Corliss Montesi’s Ocean Power Technologies (OPTT) award?

The Form 4 states that the 151,189 shares represent restricted stock units that are subject to time-based vesting in 2027. This means the right to receive the underlying shares depends on continued service through that vesting timeframe.

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^*

Montesi Corliss J.

(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/ Corliss J. Montesi	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.