Ideal Power Inc. — Director's Dealing 2021

Oct 13, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Ideal Power Inc. (IPWR)
CIK: 0001507957
Period of Report: 2021-10-08

Reporting Person: Lesster Laban E (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-10-08	Common Stock	M	3291	$2.39	Acquired	3291	Direct
2021-10-08	Common Stock	S	3291	$14.24	Disposed	0	Direct
2021-10-11	Common Stock	M	3430	$2.39	Acquired	3430	Direct
2021-10-11	Common Stock	S	3430	$14.21	Disposed	0	Direct
2021-10-12	Common Stock	M	2400	$2.39	Acquired	2400	Direct
2021-10-12	Common Stock	S	2400	$14.06	Disposed	0	Direct
2021-10-13	Common Stock	M	879	$2.39	Acquired	879	Direct
2021-10-13	Common Stock	S	879	$14.11	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-10-08	Option to Purchase Stock	$2.39	M	3291	Disposed	2030-01-10	Common Stock (3291)	Direct
2021-10-11	Option to Purchase Stock	$2.39	M	3430	Disposed	2030-01-10	Common Stock (3430)	Direct
2021-10-12	Option to Purchase Stock	$2.39	M	2400	Disposed	2030-01-10	Common Stock (2400)	Direct
2021-10-13	Option to Purchase Stock	$2.39	M	879	Disposed	2030-01-10	Common Stock (879)	Direct

Footnotes

F1: The option exercises and sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan previously adopted by the reporting person in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934.

F2: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $14.00 to $14.71, inclusive. The reporting person undertakes to provide to the issuer, any shareholder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnotes 2 through 5.

F3: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $14.00 to $14.61, inclusive.

F4: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $14.00 to $14.20, inclusive.

F5: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $14.01 to $14.19, inclusive.

F6: The option vested in four equal installments on March 31, 2020, June 30, 2020, September 30, 2020 and December 31, 2020.