Form 4: Ocean Power Technologies Director Acquires Shares

Ocean Power Technologies Director Diana Purcel acquired 903,748 shares of common stock through the vesting of restricted stock units.

Summary

• Diana G. Purcel, a Director of Ocean Power Technologies, Inc. (OPTT), acquired 903,748 shares of common stock.
• The acquisition occurred on January 16, 2026, and was due to the vesting of a restricted stock unit (RSU) granted in January 2025.
• Following this transaction, Diana G. Purcel directly beneficially owns 1,327,554 shares of common stock.
• The transaction was made pursuant to a Rule 10b5-1(c) plan, indicating a pre-arranged purchase or sale plan.

Sentiment

Score: 6

Explanation: The vesting of restricted stock units for a director is a routine compensation event, but it does increase the director's direct ownership, which is generally viewed as a positive for management-shareholder alignment.

Positives

• The acquisition of shares by a director, even through vesting, demonstrates continued alignment of management interests with shareholders.
• The transaction was executed under a Rule 10b5-1(c) plan, indicating a pre-scheduled and transparent event.

Future Outlook

This filing does not contain forward-looking statements or guidance regarding the company's future performance.

Industry Context

This filing is a standard insider transaction disclosure and does not provide specific industry context or competitive analysis.

Related Party Transactions

• The acquisition of shares by Director Diana G. Purcel through the vesting of restricted stock units represents a transaction between an insider and the company, consistent with compensation plans.

Stakeholder Impact

• Shareholders may view the increased direct ownership by a director as a positive sign of alignment with long-term company performance.

Key Dates

Keywords

Ocean Power Technologies, OPTT, Form 4, Insider Transaction, Stock Acquisition, Restricted Stock Units, Diana Purcel, Director, Beneficial Ownership