Michael C. Turmelle - Jan 2, 2024 Form 4 Insider Report for Ideal Power Inc. (IPWR)

Role: Director
Signature: /s/ Timothy Burns, Attorney-in-Fact
Stock symbol: IPWR
Transactions as of: Jan 2, 2024
Transactions value $: $0
Form type: 4
Date filed: 1/4/2024, 06:17 PM
Previous filing: Jan 30, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	IPWR	Common Stock	Award	$0	+15.5K	+140.51%	$0.00	26.5K	Jan 2, 2024	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
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.

Content

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.