Form 4: Ocean Power Technologies Director Acquires 100,000 Shares

Terence James Cryan, a director at Ocean Power Technologies, acquired 100,000 shares of common stock at a price of $0.148 per share.

Summary

• Terence James Cryan, a director of Ocean Power Technologies, Inc., purchased 100,000 shares of the company's common stock.
• The transaction occurred on November 13, 2024.
• The purchase price was $0.148 per share.
• Following the transaction, Mr. Cryan directly owns 358,658 shares of Ocean Power Technologies common stock.

Sentiment

Score: 6

Explanation: The document is a routine disclosure of a director's share purchase. It is neither overwhelmingly positive nor negative, but the purchase could be interpreted as a sign of confidence.

Positives

• A director's purchase of shares can be seen as a positive signal of confidence in the company's future prospects.

Industry Context

This is a standard SEC Form 4 filing, which is common for corporate insiders who trade their company's stock. It provides transparency into the trading activities of company directors.

Comparison to Industry Standards

• SEC Form 4 filings are a standard practice for publicly traded companies in the United States.
• The reporting requirements are consistent across all companies and are designed to ensure transparency in insider trading activities.
• The transaction is typical for a director acquiring shares in their company.

Stakeholder Impact

• The share purchase may have a minor positive impact on shareholder sentiment.

Key Dates

Keywords

Ocean Power Technologies, OPTT, insider trading, share acquisition, director, Terence James Cryan, common stock