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Ocean Power (OPTT) CFO logs RSU vesting and 103,983-share sale

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Ocean Power Technologies CFO Robert Patrick Powers reported several equity transactions on January 16, 2026 involving restricted stock units (RSUs) and common stock. A grant of 252,115 RSUs was reported as acquired through the exercise of derivative securities, with each RSU representing a contingent right to receive one share of restricted stock. The filing shows common stock acquisitions of 31,458, 278,255, and 252,115 shares tied to time-based and performance-based RSU vesting. It also reports the disposition of 103,983 common shares at a price of $0, leaving Powers with 765,267 common shares held directly after these transactions.

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Insider Powers Robert Patrick
Role CFO
Type Security Shares Price Value
Exercise Restricted Stock Unit 252,115 $0.00 --
Grant/Award Common Stock 31,458 $0.00 --
Grant/Award Common Stock 278,255 $0.00 --
Grant/Award Common Stock 252,115 $0.00 --
Disposition Common Stock 103,983 $0.00 --
Holdings After Transaction: Restricted Stock Unit — 252,115 shares (Direct); Common Stock — 617,135 shares (Direct)
Footnotes (1)
  1. Represents shares underlying restricted stock units subject to time-based vesting in 2026 and 2027. Shares acquired upon the time-based vesting of restricted stock units granted in January 2023 and 2025. On January 16, 2025, the reporting person was granted 252,115 restricted stock units, vesting based on achievement of certain performance criteria. Vesting of such criteria was deemed to occur on January 16, 2026. Each restricted stock unit represents a contingent right to receive one share of the Issuer's restricted stock.
Form 4 Insider Transactions: What Each Field Means →
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*
Powers Robert Patrick
(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)
Director 10% Owner
X Officer (give title below) Other (specify below)
CFO
3. Date of Earliest Transaction (Month/Day/Year)
01/16/2026
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 01/16/2026 A 31,458(1) A (4) 617,135 D
Common Stock 01/16/2026 A 278,255(2) A (4) 617,135 D
Common Stock 01/16/2026 A 252,115(3) A (4) 869,250 D
Common Stock 01/16/2026 D 103,983 D $0 765,267 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
Restricted Stock Unit (4) 01/16/2026 M 252,115 (3) (3) Common Stock 252,115 $0 252,115 D
Explanation of Responses:
1. Represents shares underlying restricted stock units subject to time-based vesting in 2026 and 2027.
2. Shares acquired upon the time-based vesting of restricted stock units granted in January 2023 and 2025.
3. On January 16, 2025, the reporting person was granted 252,115 restricted stock units, vesting based on achievement of certain performance criteria. Vesting of such criteria was deemed to occur on January 16, 2026.
4. Each restricted stock unit represents a contingent right to receive one share of the Issuer's restricted stock.
/s/ Robert Powers 01/21/2026
** 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 activity did OPTT CFO Robert Powers report on January 16, 2026?

On January 16, 2026, CFO Robert Patrick Powers reported multiple equity transactions, including RSU exercises and related acquisitions and dispositions of Ocean Power Technologies common stock.

How many restricted stock units did the OPTT CFO report in this filing?

The filing reports 252,115 restricted stock units acquired as a derivative transaction, each RSU representing a contingent right to receive one share of the issuer's restricted stock.

How many Ocean Power Technologies (OPTT) common shares did the CFO acquire?

The filing lists common stock acquisitions of 31,458, 278,255, and 252,115 shares, associated with time-based and performance-based vesting of restricted stock units.

Did the OPTT CFO sell or dispose of any shares in this Form 4?

Yes. The filing reports the disposition of 103,983 shares of Ocean Power Technologies common stock at a reported price of $0 per share.

How many Ocean Power Technologies shares does the CFO own after these transactions?

Following the reported transactions on January 16, 2026, CFO Robert Patrick Powers directly beneficially owned 765,267 shares of Ocean Power Technologies common stock.

What do the restricted stock units in the OPTT CFO filing represent?

According to the footnotes, each restricted stock unit represents a contingent right to receive one share of Ocean Power Technologies restricted stock, subject to time-based or performance-based vesting conditions.