OPTT CEO reports tax-withheld share disposition

Ocean Power Technologies, Inc. reported an insider share transaction by its President and CEO, Philipp Stratmann.

Accepted by SEC EDGAR 03/06/2026 - 04:05 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Ocean Power Technologies, Inc. reported an insider share transaction by its President and CEO, Philipp Stratmann. On the reported date, he disposed of 901,096 shares of common stock in a tax-withholding disposition, meaning shares were withheld to cover tax obligations triggered by the vesting of restricted stock units.

The price used for this withholding was an aggregate estimate of $0.434 per share, as disclosed. After this transaction, Stratmann's directly owned common stock holdings totaled 1,932,356 shares, indicating he continues to hold a substantial equity position in the company.

Insider Trade Summary

Exercise Price or Tax Liability: 901,096 shares

Exercise Price or Tax Liability 1 txn

Insider Stratmann Philipp

Role President and CEO

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock	901,096	$0.434	$391K

Holdings After Transaction: Common Stock — 1,932,356 shares (Direct)

Holdings Before and After: Common Stock, 2,833,452 to 1,932,356 shares (Direct)

Footnotes (2)

1. F1. The reported transaction constitutes the withholding of shares to satisfy tax obligations upon the vesting of restricted stock units.
2. F2. Aggregate estimate of prices related to tax withholding.

FAQ

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

What insider transaction did OPTT CEO Philipp Stratmann report on this Form 4?

Philipp Stratmann reported a tax-withholding disposition of 901,096 shares of Ocean Power Technologies common stock. These shares were withheld to satisfy tax obligations that arose when his restricted stock units vested, rather than being sold in an open market transaction.

Was the OPTT CEO’s Form 4 transaction an open market sale of shares?

No, the transaction was not an open market sale. It was a withholding of shares to pay taxes due upon the vesting of restricted stock units, described as a tax-withholding disposition rather than a discretionary sale into the market.

How many Ocean Power Technologies shares does the CEO hold after this Form 4 transaction?

After the tax-withholding disposition, CEO Philipp Stratmann directly owns 1,932,356 shares of Ocean Power Technologies common stock. This figure reflects his holdings following the withholding of 901,096 shares to cover tax obligations associated with restricted stock unit vesting.

At what price were the OPTT shares valued for the CEO’s tax-withholding disposition?

The shares involved in the tax-withholding disposition were valued at an aggregate estimated price of $0.434 per share. This estimated price was used solely for purposes of calculating the value of shares withheld to satisfy the CEO’s related tax obligations.

What is the meaning of transaction code F on the OPTT CEO’s Form 4?

Transaction code F indicates a payment of tax liability by delivering securities. In this case, shares of Ocean Power Technologies common stock were withheld from CEO Philipp Stratmann upon vesting of restricted stock units to cover his associated tax obligations.

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^*

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)
03/05/2026

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	03/05/2026		F		901,096(1)	D	$0.434(2)	1,932,356	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. The reported transaction constitutes the withholding of shares to satisfy tax obligations upon the vesting of restricted stock units.

2. Aggregate estimate of prices related to tax withholding.

	/s/ Philipp Stratmann	03/06/2026
	** 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.