R. Daniel Brdar - 15 Dec 2022 Form 4 Insider Report for Ideal Power Inc. (IPWR)

Role
President and CEO, Director
Signature
/s/ R. Daniel Brdar
Issuer symbol
IPWR
Transactions as of
15 Dec 2022
Net transactions value
-$95,901
Form type
4
Filing time
19 Dec 2022, 20:23:58 UTC
Previous filing
21 Dec 2021
Next filing
17 May 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IPWR Common Stock Award $0 +30,000 +39% $0.000000 107,435 15 Dec 2022 Direct F1
transaction IPWR Common Stock Tax liability $95,901 -9,338 -8.7% $10.27 98,097 17 Dec 2022 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction IPWR Performance Stock Units Award $0 +70,000 $0.000000 70,000 15 Dec 2022 Common Stock 70,000 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents 30,000 restricted stock units (RSUs) granted to the reporting person under the issuer's 2013 Equity Incentive Plan, as amended and restated to date (the 2013 Plan). Each RSU represents the contingent right to receive one share of the issuer's common stock. The RSUs vest in three equal annual installments on December 15, 2023, December 15, 2024 and December 15, 2025, provided that the reporting person remains employed by the issuer as of each vesting date.
F2 Represents shares withheld by the issuer to cover tax withholding obligations upon vesting of an RSU award.
F3 Represents up to 70,000 performance stock units (PSUs) granted to the reporting person under the issuer's 2013 Plan. Each PSU represents the contingent right to receive one share of the issuer's common stock. The PSUs vest in three equal tranches at such time or times prior to December 15, 2025 that certain common stock price appreciation metrics are achieved, provided that the reporting person remains employed by the issuer as of each vesting date.