PURCEL DIANA G 4

What Happened

• Diana G. Purcel, a director of Ocean Power Technologies, reported acquiring 903,748 shares on 2026-01-16 via an award/vesting (transaction code A). The filing lists the acquisition price as N/A and does not state a total dollar value. This was the vesting of restricted stock units (RSUs) rather than an open‑market purchase or sale.

Key Details

• Transaction date: 2026-01-16 (reported on Form 4 filed 2026-01-21).
• Price/value: Not reported (N/A) in filing.
• Shares acquired: 903,748 shares upon RSU vesting.
• Shares owned after transaction: Not disclosed in the provided filing.
• Footnotes: F1 — each restricted stock unit converts to one share; F2 — these shares vested from an RSU grant made in January 2025.
• Timeliness: Form 4 was filed on Jan 21, 2026. Given the Jan 16 transaction date and the intervening weekend/holiday, the filing was submitted within the required reporting window.

Context

• This was a compensation-related vesting event (RSUs becoming common shares), not a sale or market purchase. Such vesting events are routine for executives and directors and represent issuance of shares for previously granted awards rather than an active trade or directional bet on the stock.