Form 4: Ocean Power Technologies CFO Reports Stock Transactions

Robert Patrick Powers, Senior VP and CFO of Ocean Power Technologies, reports transactions involving common stock and restricted stock units.

Summary

• Robert Patrick Powers, the Senior VP and CFO of Ocean Power Technologies, filed a Form 4 detailing changes in his beneficial ownership of the company's securities.
• On January 31, 2025, Powers acquired 29,542 shares of common stock through the vesting of restricted stock units.
• He also reported multiple transactions involving the disposition of common stock on January 14, 16, 21 and 31, 2025.
• The transactions on January 14, 16 and 21 were acquisitions at prices of $0.89, $0.99 and $0.92 respectively.
• The transaction on January 31 was a disposition at a price of $0.66.
• Following these transactions, Powers directly owns 308,314 shares of Ocean Power Technologies common stock.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting stock transactions, so the sentiment is neutral.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is standard practice for publicly traded companies. It provides transparency into the executive's holdings and trading activities.

Stakeholder Impact

• The disclosure of stock transactions by a key executive provides transparency to shareholders.

Key Dates

Keywords

Form 4, Beneficial Ownership, Stock Transactions, Ocean Power Technologies, OPTT, Robert Patrick Powers, Restricted Stock Units, Common Stock, CFO