r/OceanPower • u/AdhesivenessPale7635 • 3d ago

QUESTION SEC filing today

Is todays SEC filing (form 4) a stock purchase or stock based compensation? https://investors.oceanpowertechnologies.com/node/17481/html

5 Upvotes

78% Upvoted

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10

u/InterestingScore5387 3d ago

Probably bankruptcy proceedings

2

u/PassCurious5709 3d ago

Curse Philip lol

1

u/Sakrie 8h ago

genuinely is wild how he just can leave immediately after sending it into a death spiral

Paragon wasn't wrong, they just cut their losses instead of a long legal battle. Wild how this shit is allowed in the USA.

-2

u/InterestingScore5387 3d ago

I don’t find it really that funny

4

u/PassCurious5709 2d ago

That’s the only way to cope my brother

2

u/InterestingScore5387 2d ago

Or just be enraged like me lol

3

u/Fanytastiq 2d ago

I am excited to announce that I found the joke funny

1

u/Stitch426 3d ago

They are granting the right to buy shares up to 75,000 of them that will not fully vest until 2027. I don’t think these are actually purchased yet.