Form 4 for OPTT Ocean Power Technologies, Inc.
Accepted 2025-01-21 00:00:00 ET · period of report 2025-01-16 · accession 0001493152-25-003029 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2025-01-21 | 2025-01-16 | OPTT | Powers Robert Patrick | CFO, Senior VP | M - OptEx | — | +336.5K | 420.1K | +402% | — |
| DM | 2025-01-21 | 2025-01-16 | OPTT | Powers Robert Patrick | CFO, Senior VP | M - OptEx | $0.00 | +245.4K | 38.1K | New | $0 |
| D | 2025-01-21 | 2025-01-16 | OPTT | Powers Robert Patrick | CFO, Senior VP | A - Grant | $0.00 | +746.5K | 746.5K | New | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2025-01-16 | M | A | 38,111 | — | 110,832 | D | — | — | (F3) On January 14, 2022, the reporting person was granted 38,111 restricted stock units, vesting based on achievement of certain performance criteria. Vesting of such criteria was deemed to occur on January 16, 2025. (F1) Each restricted stock unit represents a contingent right to receive one share of the Issuer's restricted stock. |
| 2 | Common | Common Stock | 2025-01-16 | M | A | 104,680 | — | 215,512 | D | — | — | (F4) On January 19, 2023, the reporting person was granted 104,680 restricted stock units, vesting based on achievement of certain performance criteria. Vesting of such criteria was deemed to occur on January 16, 2025. (F1) Each restricted stock unit represents a contingent right to receive one share of the Issuer's restricted stock. |
| 3 | Common | Common Stock | 2025-01-16 | M | A | 102,625 | — | 318,137 | D | — | — | (F5) On February 1, 2024, the reporting person was granted 102,625 restricted stock units, vesting based on achievement of certain performance criteria. Vesting of such criteria was deemed to occur on January 16, 2025. (F1) Each restricted stock unit represents a contingent right to receive one share of the Issuer's restricted stock. |
| 4 | Common | Common Stock | 2025-01-16 | M | A | 91,072 | — | 420,097 | D | — | — | (F6) Shares acquired upon the time based vesting of restricted stock unit granted in January 2022, 2023 and 2024. (F1) Each restricted stock unit represents a contingent right to receive one share of the Issuer's restricted stock. |
| 5 | Derivative | Restricted Stock Unit | 2025-01-16 | M | A | 102,625 | $0.00 | 102,625 | D | — · — to — | 102,625 Common Stock | (F1) Each restricted stock unit represents a contingent right to receive one share of the Issuer's restricted stock. (F5) On February 1, 2024, the reporting person was granted 102,625 restricted stock units, vesting based on achievement of certain performance criteria. Vesting of such criteria was deemed to occur on January 16, 2025. |
| 6 | Derivative | Restricted Stock Unit | 2025-01-16 | M | A | 104,680 | $0.00 | 104,680 | D | — · — to — | 104,680 Common Stock | (F1) Each restricted stock unit represents a contingent right to receive one share of the Issuer's restricted stock. (F4) On January 19, 2023, the reporting person was granted 104,680 restricted stock units, vesting based on achievement of certain performance criteria. Vesting of such criteria was deemed to occur on January 16, 2025. |
| 7 | Derivative | Restricted Stock Unit | 2025-01-16 | M | A | 38,111 | $0.00 | 38,111 | D | — · — to — | 38,111 Common Stock | (F1) Each restricted stock unit represents a contingent right to receive one share of the Issuer's restricted stock. (F3) On January 14, 2022, the reporting person was granted 38,111 restricted stock units, vesting based on achievement of certain performance criteria. Vesting of such criteria was deemed to occur on January 16, 2025. |
| 8 | Derivative | Restricted Stock Unit | 2025-01-16 | A | A | 746,533 | $0.00 | 746,533 | D | — · — to — | 746,533 Common Stock | (F1) Each restricted stock unit represents a contingent right to receive one share of the Issuer's restricted stock. (F2) Restricted stock units granted by the Board of Directors of the Issuer as compensation for service as an officer of the Issuer. The restricted stock units will vest in full on the date of the first annual shareholders meeting following the grant date or one year after the grant date, whichever is earlier. |