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.
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 90,909 shares
Net Buy
1 txn
Insider
SOMO DAVID M
Role
President and CEO
Bought
90,909 shs ($250K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 90,909 | $2.75 | $250K |
Holdings After Transaction:
Common Stock — 338,347 shares (Direct)
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?
Ideal Power reported that President and CEO David M. Somo purchased 90,909 shares of common stock. The shares were acquired in an underwritten public offering at the same price paid by the public investors.
What is David M. Somo’s total Ideal Power (IPWR) ownership after the trade?
Following the reported purchase, David M. Somo directly owns 338,347 shares of Ideal Power common stock. This total reflects his holdings after acquiring 90,909 additional shares in the underwritten offering.
Is the Ideal Power (IPWR) CEO’s ownership direct or through another entity?
The Form 4 identifies the ownership as direct. The transaction is coded as direct ownership, with no indication in the footnotes that another entity holds voting or investment power over the purchased shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.