PAGLIARA TRACY D 4

What Happened
Tracy D. Pagliara, Senior Vice President and General Counsel of Ocean Power Technologies (OPTT), had 201,442 restricted stock units (RSUs) vest on January 30, 2026. The Form 4 reports the award/vesting as an acquisition (code A) of 201,442 shares with a reported price of $0.00 — i.e., no cash purchase price was paid in connection with the award. This is an award/vesting event, not an open‑market purchase or sale.

Key Details

• Transaction date: 2026-01-30 (reported on the same date).
• Transaction type/code: Grant/Award (A).
• Shares involved: 201,442 RSUs vesting (reported as acquisition of 201,442 shares / derivative securities).
• Price per share reported: $0.00 (no cash paid); total cash value not stated on the Form 4.
• Shares owned following transaction: Not disclosed in this filing.
• Footnotes: F1 — each RSU represents a contingent right to one share; F2 — these 201,442 RSUs were granted Jan 16, 2025 and vested upon deemed achievement of performance criteria on Jan 30, 2026.
• Timeliness: Filing date matches transaction date (no late‑filing indication in the report).

Context
RSUs are a form of equity compensation that typically convert into company shares when vesting conditions are met; they are not a cash purchase or sale and do not by themselves indicate buying or selling sentiment. The filing does not state whether shares were subsequently sold, withheld for taxes, or remain restricted — those actions, if taken, may appear in later filings.