DRUE FREEMAN - 02 Jan 2026 Form 4 Insider Report for Ideal Power Inc. (IPWR)

Role: Director
Signature: /s/ Timothy Burns, Attorney-in-Fact
Issuer symbol: IPWR
Transactions as of: 02 Jan 2026
Net transactions value: $0
Form type: 4
Filing time: 05 Jan 2026, 16:14:14 UTC
Previous filing: 03 Jan 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
FREEMAN DRUE	Director	5508 HIGHWAY 290 WEST, SUITE 120, AUSTIN	/s/ Timothy Burns, Attorney-in-Fact	05 Jan 2026	0001920565

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	IPWR	Common Stock	Award	$0	+18,182	+87%	$0.000000	39,166	02 Jan 2026	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, 2026, June 30, 2026, September 30, 2026 and December 31, 2026, 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, 2026, June 30, 2026, September 30, 2026 and December 31, 2026, provided that the reporting person remains in continuous service with the issuer as of each vesting date.