Ocean Power Technologies, Inc. — Director's Dealing 2023

Nov 17, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Ocean Power Technologies, Inc. (OPTT)
CIK: 0001378140
Period of Report: 2023-01-23

Reporting Person: Burdyny Matthew (Chief Commercial Officer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-11-09	Restricted Stock Unit	$	A	25000	Acquired		Common Stock (25000)	Direct

Footnotes

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 Company. The restricted stock units will vest (i) 1/3 equally on the first anniversary of the date of grant, and the second anniversary of the date of grant; (ii) 1/3 will vest based on a positive Total Shareholder Return year over year; and (iii) 1/3 will vest on a positive relative Total Shareholder Return year over year.