Cryan Terence James 4

What Happened

• Terence James Cryan, a director of Ocean Power Technologies (OPTT), received 1,354,802 shares on January 16, 2026 upon the vesting of restricted stock units (RSUs). The transaction is reported as an award/acquisition (A); no cash price or total dollar value is shown because these were RSUs converting into shares rather than an open‑market purchase.
• This was not a sale—it's a compensation/award event tied to previously granted RSUs (grant date noted as January 2025), which is generally routine director compensation rather than an active buy or sell signal.

Key Details

• Transaction date: 2026-01-16
• Report filed: 2026-01-21 (filed after the transaction; submitted outside the typical 2‑business‑day Form 4 window)
• Shares acquired: 1,354,802 common shares
• Price: N/A (RSUs vested into shares)
• Shares owned after transaction: not specified in the provided filing
• Footnotes:
  • F1: Each restricted stock unit represents a contingent right to receive one share.
  • F2: Shares were acquired upon the vesting of an RSU granted in January 2025.

Context

• This was a vesting of previously granted RSUs (a compensation event), not a market purchase or sale. Such awards are common for directors and do not necessarily indicate a change in insider market sentiment.
• For retail investors, awards like this increase insider shareholding but are compensation-driven; they are different from intended "buys" where insiders deploy cash into the stock.