X0306 4 2022-01-14 0 0001378140 Ocean Power Technologies, Inc. OPTT 0001836113 Slaiby Peter E. C/O OCEAN POWER TECHNOLOGIES, INC. 28 ENGELHARD DRIVE, SUITE B MONROE TOWNSHIP NJ 08831 1 0 0 0 Restricted Stock Unit 2022-01-14 4 A 0 52448 0 A Common Stock 52448 52448 D Each restricted stock unit represents a contingent right to receive one share of the Issuer's restricted stock. Restricted stock units granted by the Board of Directors of the Issuer as annual compensation to the non-employee members of the Board of Directors, which vest in full on the date of the first annual shareholders meeting following the grant date or one year after the grant date, whichever is earlier. /s/ Peter E. Slaiby, by John W. Lawrence as attorney-in-fact 2022-01-19