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

Jan 17, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Ocean Power Technologies, Inc. (OPTT)
CIK: 0001378140
Period of Report: 2023-01-13

Reporting Person: Powers Robert Patrick (Senior VP and CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-01-13	Common Stock	M	10889	$0.74	Acquired	48389	Direct
2023-01-13	Common Stock	F	3735	$0.74	Disposed	44654	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-01-14	Restricted Stock Unit	$	M	10889	Disposed		Common Stock (10889)	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 vests 1/3 on the first anniversary of the date of grant, 1/3 on the second anniversary of the date of grant and 1/3 on the third anniversary of the date of grant.