[Form 4] iPower Inc. Insider Trading Activity

Rhea-AI Filing Summary

iPower Inc. (IPW) CEO, Chairman, Director and 10% owner Chenlong Tan reported an equity award on Form 4. On 11/12/2025, he was granted 81,136 RSUs at $0.00, which vested immediately.

Settlement of the vested RSUs will occur upon Code Section 409A–permitted events, including a qualifying change in control, separation from service (subject to plan delay), death or disability, or an unforeseeable financial emergency. Following the transaction, Tan beneficially owned 207,866 shares directly and 133,334 shares indirectly via the TCL 23 NV Revocable Trust.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

TAN CHENLONG

(Last) (First) (Middle)

C/O IPOWER INC.

8798 9TH STREET

(Street)

RANCHO CUCAMONGA CA 91730

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
iPower Inc. [ IPW ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	CEO & Chairman

3. Date of Earliest Transaction (Month/Day/Year)
11/12/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	11/12/2025		A		81,136(1)(2)	A	$0.00	207,866	D
Common Stock								133,334	I(3)	Held by TCL 23 NV Revocable Trust

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. On November 12, 2025, the Reporting Person was grated 81,136 RSUs calculated based on the closing price on the grate date. The RSUs vested immediately.

2. Settlement of the vested RSUs shall occur on the earliest of the following Code Section 409A-permitted payment events: (1) change of control of the Company that qualifies as a "change in control event" as defined under Code Section 409A; (2) Reporting Person's separation from service (subject to any required delay under the Amended and Restated 2020 Equity Incentive Plan; (3) upon Reporting Person's death or disability, or (4) in the event of an "unforeseeable financial emergency," as defined under Code Section 409A.

3. Held by TCL 23 NV Revocable Trust, a trust beneficially owned by the Reporting Person, which shares were previously held by the Reporting Person directly.

	/s/ Chenlong Tan	11/13/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did IPW report on Form 4?

CEO Chenlong Tan received 81,136 RSUs on 11/12/2025 at $0.00, and they vested immediately.

How many IPW shares does Chenlong Tan own after the transaction?

He beneficially owns 207,866 shares directly and 133,334 shares indirectly via the TCL 23 NV Revocable Trust.

When will the vested RSUs for IPW be settled?

Settlement occurs upon Code Section 409A events: qualifying change in control, separation from service (subject to plan delay), death or disability, or unforeseeable financial emergency.

What was the price listed for the RSU grant to the IPW CEO?

The RSUs were reported at $0.00 per unit.

What roles does Chenlong Tan hold at IPW?

He is CEO & Chairman, a Director, and a 10% owner.

Which trust holds indirect IPW shares for the CEO?

The TCL 23 NV Revocable Trust holds 133,334 shares indirectly for the reporting person.