Ideal Power CEO buys 90,909 shares at $2.75
Ideal Power Inc. President and CEO David M. Somo bought 90,909 shares of common stock at $2.75 per share in an underwritten public offering, paying the same price as the public.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Filing Summary
Ideal Power Inc. President and CEO David M. Somo bought 90,909 shares of common stock at $2.75 per share in an underwritten public offering, paying the same price as the public. After this purchase, he owns 338,347 shares directly, which are subject to a 90-day lock-up provision.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 90,909 | $2.75 | $250K |
Footnotes (1)
- F1. Represents the purchase of shares of common stock in an underwritten public offering at the same price paid by the public. The shares are subject to a lock-up provision for a period of 90 days, as required under a lock-up agreement with the underwriters of the public offering.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Ideal Power (IPWR) report on this Form 4?
What is David M. Somo’s total Ideal Power (IPWR) ownership after the trade?
Is the Ideal Power (IPWR) CEO’s ownership direct or through another entity?
AI-generated analysis. How Rhea-AI works. Not financial advice.