Earnings Feed
Start Free
Ideal Power Inc.·4

Jul 2, 5:01 PM ET

BURNS TIMOTHY 4

4 · Ideal Power Inc. · Filed Jul 2, 2026

Research Summary

AI-generated summary of this filing

Updated

Ideal Power (IPWR) CFO Timothy Burns Exercises Options, Receives Award

What Happened

  • Timothy Burns, Chief Financial Officer of Ideal Power, converted/earned 20,000 performance‑based units into common shares in early June 2026 (6/1, 6/3, 6/5) at $0 exercise price and was issued those shares. To cover tax withholding, the company withheld a total of 16,047 shares (net proceeds ~ $104,106 across multiple withholdings). On June 22, 2026 he was also granted 20,000 restricted stock units (RSUs) under the company’s 2013 Equity Incentive Plan (vests in three equal annual installments beginning 6/22/2027).

Key Details

  • Transaction dates & prices:
    • PSUs converted to shares: 6/1 (6,666 shares), 6/3 (6,667), 6/5 (6,667) — exercise/conversion price reported $0.00 (footnotes indicate PSUs were earned based on stock‑price metrics).
    • Tax withholding (shares withheld): 6/1 (2,624 @ $7.30 = $19,155), 6/3 (2,624 @ $7.46 = $19,575), 6/5 (2,624 @ $6.03 = $15,823), 6/12 (2,928 @ $6.10 = $17,861), 6/20 (5,247 @ $6.04 = $31,692). Total withheld: 16,047 shares for ~$104,106.
    • RSU grant: 6/22 — 20,000 RSUs granted at $0 (vest in three equal annual installments per footnote F5).
  • Footnotes of note:
    • F1–F4: PSUs were earned on 6/1, 6/3, 6/5 based on pre‑established common stock price appreciation metrics.
    • F2: Withheld shares represent tax withholding; no open‑market sale by the insider.
    • F5/F6: RSU and PSU grant/vesting schedules described in footnotes.
  • Shares owned after transaction: not disclosed in the provided excerpt of the filing.
  • Filing timeliness: Form 4 was filed 7/02/2026 covering June transactions. Form 4s are normally required within two business days of a transaction; this filing date is later than that window for the June activity.

Context

  • These transactions reflect performance‑based awards being earned/converted (not an open‑market purchase). The reported share withholding is a routine tax‑withholding procedure (issuer retains shares to satisfy withholding obligations), not an active sale by the insider on the open market.
  • The 20,000 RSUs granted on 6/22 are subject to future vesting dates and therefore do not represent immediately tradable shares.

Insider Transaction Report

Form 4
Period: 2026-06-01
Ideal Power Inc.IPWR
BURNS TIMOTHY
CFO
Transactions
  • Exercise/Conversion

    Common Stock

    [F1]
    2026-06-01+6,666→ 97,412 total
  • Tax Payment

    Common Stock

    [F2]
    2026-06-01$7.30/sh−2,624$19,155→ 94,788 total
  • Exercise/Conversion

    Common Stock

    [F3]
    2026-06-03+6,667→ 101,455 total
  • Tax Payment

    Common Stock

    [F2]
    2026-06-03$7.46/sh−2,624$19,575→ 98,831 total
  • Exercise/Conversion

    Common Stock

    [F4]
    2026-06-05+6,667→ 105,498 total
  • Tax Payment

    Common Stock

    [F2]
    2026-06-05$6.03/sh−2,624$15,823→ 102,874 total
  • Tax Payment

    Common Stock

    [F2]
    2026-06-12$6.10/sh−2,928$17,861→ 99,946 total
  • Tax Payment

    Common Stock

    [F2]
    2026-06-20$6.04/sh−5,247$31,692→ 94,699 total
  • Award

    Common Stock

    [F5]
    2026-06-22+20,000→ 114,699 total
  • Exercise/Conversion

    Performance Stock Units

    [F6]
    2026-06-01−6,666→ 13,334 total
    Exp: 2028-06-12→ Common Stock (6,666 underlying)
  • Exercise/Conversion

    Performance Stock Units

    [F6]
    2026-06-03−6,667→ 6,667 total
    Exp: 2028-06-12→ Common Stock (6,667 underlying)
  • Exercise/Conversion

    Performance Stock Units

    [F6]
    2026-06-05−6,667→ 0 total
    Exp: 2028-06-12→ Common Stock (6,667 underlying)
Footnotes (6)
  • [F1]Performance-based stock units ("PSUs") for shares of the issuer's common stock were earned on June 1, 2026, based on the achievement of pre-established common stock price appreciation metrics.
  • [F2]Represents shares withheld by the issuer to cover tax withholding obligations upon vesting of PSU or restricted stock unit (RSUs) awards. No issuance or sale of securities occurred in connection with the tax withholding.
  • [F3]PSUs for shares of the issuer's common stock were earned on June 3, 2026, based on the achievement of pre-established common stock price appreciation metrics.
  • [F4]PSUs for shares of the issuer's common stock were earned on June 5, 2026, based on the achievement of pre-established common stock price appreciation metrics.
  • [F5]Represents RSUs granted to the reporting person under the issuer's Amended and Restated 2013 Equity Incentive Plan (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 June 22, 2027, June 22, 2028 and June 22, 2029, provided that the reporting person remains employed by the issuer as of each vesting date
  • [F6]Represents PSUs granted to the reporting person under the 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 June 12, 2028 that certain common stock price appreciation metrics are achieved, provided that the reporting person remains employed by the issuer as of each vesting date.
Signature
/s/ Timothy Burns|2026-07-02

Documents

1 file
  • 4
    rdgdoc.xmlPrimary

    FORM 4