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

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
19 Dec 2022, 20:23:58 UTC
Prior SEC filing
21 Dec 2021
Next SEC filing
17 May 2023
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ R. Daniel Brdar
Filing notes and source

Key filing fact

R. Daniel Brdar filed Form 4 for Ideal Power Inc. (IPWR) on 19 Dec 2022.

Key facts

  • This page summarizes R. Daniel Brdar's Form 4 filing for Ideal Power Inc. (IPWR).
  • 3 reported transactions and 1 derivative row are listed below.
  • Accepted by SEC: 19 Dec 2022, 20:23.

Change

  • Previous filing in this sequence was filed on 21 Dec 2021.
  • Current net transaction value: -$95,901.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

IPWR transaction

Common Stock

Award

Transaction value
$0
Shares
+30,000
Change %
+39%
Price
$0.000000
Shares after
107,435
Date
15 Dec 2022
Ownership
Direct
Footnotes
F1
IPWR transaction

Common Stock

Tax liability

Transaction value
$95,901
Shares
-9,338
Change %
-8.7%
Price
$10.27
Shares after
98,097
Date
17 Dec 2022
Ownership
Direct
Footnotes
F2

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

IPWR transaction Derivative

Performance Stock Units

Award

Transaction value
$0
Shares
+70,000
Change %
Price
$0.000000
Shares after
70,000
Date
15 Dec 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
70,000
Exercise price
Footnotes
F3
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote 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.

Footnote F2

Represents shares withheld by the issuer to cover tax withholding obligations upon vesting of an RSU award.

Footnote 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.

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