Ocean Power Technologies (OPTT) CEO logs major RSU vesting and share move

Rhea-AI Filing Summary

Ocean Power Technologies President and CEO Philipp Stratmann, who is also a director, reported several equity award events in the company’s stock on January 16, 2026. A block of 569,045 restricted stock units was exercised into common stock at an exercise price of $0, following performance-based vesting criteria that were deemed met on that date. Additional common stock entries of 161,801 shares and 617,508 shares reflect shares tied to restricted stock units that vest based on time-based schedules in 2026 and 2027, including units granted in January 2023 and 2025. The filing also shows a disposition of 527,846 common shares at a price of $0. After these transactions, Stratmann directly owned 1,434,595 shares of Ocean Power Technologies common stock.

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)
01/16/2026

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		161,801(1)	A	(4)	1,393,396	D
Common Stock	01/16/2026		A		617,508(2)	A	(4)	1,393,396	D
Common Stock	01/16/2026		A		569,045(3)	A	(4)	1,962,441	D
Common Stock	01/16/2026		D		527,846	D	$0	1,434,595	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		569,045		(3)	(3)	Common Stock	569,045	$0	569,045	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 569,045 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/ Philipp Stratmann	01/21/2026
	** Signature of Reporting Person	Date
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FAQ

What insider activity did OPTT's CEO report on January 16, 2026?

On January 16, 2026, Philipp Stratmann, President, CEO and director of Ocean Power Technologies (OPTT), reported multiple equity award transactions in the company’s stock, including the exercise of restricted stock units into common shares and a related share disposition.

How many Ocean Power Technologies shares did the CEO acquire through equity awards?

The CEO’s filing shows common stock entries of 161,801 shares, 617,508 shares, and 569,045 shares linked to restricted stock units that vested based on time-based and performance-based conditions, each at a price of $0 per share.

What is the performance-based restricted stock unit grant mentioned in the OPTT Form 4?

The filing states that on January 16, 2025, the reporting person was granted 569,045 restricted stock units that vest upon achievement of specified performance criteria, and that these criteria were deemed satisfied on January 16, 2026.

How many OPTT shares did the CEO dispose of in this Form 4?

The Form 4 shows a disposition of 527,846 shares of Ocean Power Technologies common stock on January 16, 2026 at a reported price of $0 per share.

What is the CEO’s reported Ocean Power Technologies shareholding after these transactions?

Following the reported transactions on January 16, 2026, the filing shows that Philipp Stratmann directly owned 1,434,595 shares of Ocean Power Technologies common stock.

How do the OPTT restricted stock units work according to the filing?

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 vesting in 2026 and 2027 or to the achievement of specified performance criteria.