Thompson Jim Raymond 4

What Happened Jim Raymond Thompson, a director of Ocean Power Technologies, was granted 151,189 restricted stock units (RSUs) on January 27, 2026. Each RSU represents a contingent right to receive one share of the company’s restricted stock; the award has no immediate cash price and is recorded as an award (transaction code A). The RSUs are subject to time-based vesting in 2027, so they are not immediately tradable or liquid.

Key Details

• Transaction date: 2026-01-27 (Form 4 filed 2026-01-28)
• Transaction type: Award/grant of RSUs (Code A)
• Quantity: 151,189 restricted stock units
• Price/consideration: N/A (compensation award, no purchase price)
• Vesting: Time-based vesting in 2027 (per filing footnote)
• Shares owned after transaction: Not disclosed in this filing
• Footnotes: F1 — each RSU = right to one share; F2 — RSUs subject to time-based vesting in 2027
• Timeliness: Filed one day after the transaction (appears timely)

Context RSU grants to directors are typically compensation to align their interests with shareholders; they do not reflect an immediate purchase or sale and are not an instant liquidity event. Because these RSUs vest in 2027, they will convert to actual shares only if vesting conditions are met, at which point tax and withholding rules may apply.