PAGLIARA TRACY D 4

What Happened
Tracy D. Pagliara, Senior VP and General Counsel of Ocean Power Technologies (OPTT), had 322,897 shares withheld on 2026-03-05 to satisfy tax obligations upon the vesting of restricted stock units. The withholding was reported at an aggregate estimate of $140,137, based on a per-share value of $0.43. This was a tax-withholding disposition (not an open-market sale).

Key Details

• Transaction date: 2026-03-05; Filing date: 2026-03-06 (timely filing).
• Shares withheld/disposed: 322,897 at $0.43 per share; reported aggregate value ≈ $140,137.
• Shares owned after the transaction: not specified in the provided filing.
• Transaction code: F — withholding of shares to satisfy tax obligations on RSU vesting.
• Footnotes: F1 confirms withholding to satisfy tax on vesting; F2 notes the aggregate price is an estimate.
• No indication this was part of a 10b5-1 plan; routine withholding upon vesting.

Context
Withholding shares to cover taxes is a common, administrative action when restricted stock units vest and does not reflect an active decision to sell shares in the open market. Such transactions are generally routine and do not necessarily signal insider sentiment about the company's prospects.