Ocean Power Technologies, Inc.

Securities Trading Plans of Directors and Officers

On October 15, 2025, Mr. Terence Cryan, the Chairman of the Company’s Board, adopted a trading arrangement for the sale of securities of the Company’s common stock (“Mr. Cryan’s Rule 10b5-1 Trading Plan”) that is intended to satisfy the affirmative defense conditions of Exchange Act Rule 10b5-1(c). Mr. Cryan’s Rule 10b5-1 Trading Plan has a duration of approximately nine months commencing in March 2026, which follows the required cooling-off period. The plan calls for (1) up to 100,000 shares to be sold between March 16, 2026 and March 31, 2026 with a limit price of $0.50, (2) up to 100,000 shares (plus holdover from tranche one) between May 15, 2026 and May 29, 2026 with a limit price of $0.50, (3) up to 100,000 shares (plus holdover from tranche one and tranche two) between August 17, 2026 and August 31, 2026 with a limit price of $0.50, and (4) up to 100,000 shares (plus holdover from tranche one, tranche two and tranche 3) between October 15, 2026 and December 15, 2026 with a limit price of $0.45. These shares represent only a portion of the shares held by Mr. Cryan.

On October 31, 2025, Ms. Diana Purcel, amember of the Company’s Board, adopted a trading arrangement for the sale of securities of the Company’s common stock (“Ms. Purcel’s Rule 10b5-1 Trading Plan”) that is intended to satisfy the affirmative defense conditions of Exchange Act Rule 10b5-1(c). Ms. Purcel’s Rule 10b5-1 Trading Plan, which has a duration of approximately ten months following the required cooling-off period (expiring on December 31, 2026), provides for the potential sale of up to 400,000 shares of common stock pursuant to the terms of the plan, with a limit price of $0.40. These shares represent only a portion of the shares held by Ms. Purcel.

Other than as described above, during the quarter ended October 31, 2025, none of our directors or officers adopted orterminated a Rule 10b5-1 trading plan or adopted or terminated a non-Rule 10b5-1 trading arrangement (as each term is defined in Item 408 of Regulation S-K).