| | | | | | | | | | | | | | | | | | | | | | |
Ownership Document
|
| Schema Version: X0508 |
| Document Type: 4 |
| Period of Report: 1/2/24 |
| Issuer: |
| Issuer CIK: 1507957 |
| Issuer Name: Ideal Power Inc. |
| Issuer Trading Symbol: IPWR |
| Reporting Owner: |
| Reporting Owner ID: |
| | Owner CIK: 1920565 |
| | Owner Name: FREEMAN DRUE |
| Reporting Owner Address: |
| | Owner Street 1: C/O IDEAL POWER INC. |
| | Owner Street 2: 5508 HIGHWAY 290 WEST, SUITE 120 |
| | Owner City: AUSTIN |
| | Owner State: TX |
| | Owner ZIP Code: 78735 |
| | Owner State Description: |
| Reporting Owner Relationship: |
| | Is Director? Yes |
| Aff 10b5 One: 0 |
| Non-Derivative Table: |
| Non-Derivative Transaction: |
| | Security Title: |
| | | Value: Common Stock |
| | Transaction Date: |
| | | Value: 1/2/24 |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: A |
| | | Equity Swap Involved? No |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 7,742 |
| Footnote ID: F1 |
| | | Transaction Price Per Share: |
| Value: 0 |
| | | Transaction Acquired-Disposed Code: |
| Value: A |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 13,252 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Footnotes: |
| Footnote - F1: Represents restricted stock units (RSUs) granted to the reporting person under the issuer's 2013 Equity Incentive Plan, as amended and restated to date. Each RSU represents the contingent right to receive one share of the issuer's common stock. The RSUs vest in four equal installments on March 31, 2024, June 30, 2024, September 30, 2024 and December 31, 2024, provided that the reporting person remains in continuous service with the issuer as of each vesting date. |
| Owner Signature: |
| Signature Name: /s/ Timothy Burns, Attorney-in-Fact |
| Signature Date: 1/4/24 |
