Stratmann Philipp 4

What Happened

• Philipp Stratmann, President, CEO and Director of Ocean Power Technologies (OPTT), reported multiple restricted stock unit (RSU) transactions dated January 16, 2026. The filing shows awards/acquisitions of 161,801, 617,508 and 569,045 RSUs (codes A) and a conversion/exercise of 569,045 derivative RSUs into shares (code M) at $0.00. The filing also reports a disposition to the issuer of 527,846 shares at $0.00 (code D), consistent with shares surrendered to the company — typically to satisfy tax withholding obligations. No cash consideration was paid or received in these events.

Key Details

• Transaction date: January 16, 2026; Form 4 filed January 21, 2026 (may be one business day late versus the usual 2-business-day Form 4 deadline).
• Reported amounts: Awards/acquisitions of 161,801; 617,508; and 569,045 RSUs; conversion/exercise of 569,045 RSUs to shares; disposition of 527,846 shares to the issuer at $0.00.
• Prices/values: All reported at $0.00 (typical for RSU vesting/conversion and withholding dispositions); no cash proceeds reported.
• Shares owned after the transactions: not specified in the summary provided (refer to the full Form 4 for post-transaction beneficial ownership).
• Footnotes: F1–F4 indicate these are RSUs (each RSU = contingent right to one share), some are time‑based vesting in 2026–2027, some vested upon time-based vesting of prior grants, and 569,045 were Jan 16, 2025 performance RSUs whose performance vesting was deemed achieved on Jan 16, 2026.

Context

• These entries reflect RSU awards/vestings and the conversion of RSUs into common shares rather than open‑market purchases or sales. The disposition to the issuer is consistent with shares being surrendered for tax withholding — a routine administrative step following vesting. Performance-based RSUs (the 569,045 units) were treated as vested as of Jan 16, 2026 per the filing. Awards and vesting indicate acquisition of shares by the insider but do not by themselves indicate the insider bought shares with cash or necessarily signal a change in sentiment.