Orin Hirschman reports 5.8% Ideal Power (IPWR) ownership stake

Rhea-AI Filing Summary

Ideal Power, Inc. has a significant shareholder disclosure. Orin Hirschman and AIGH Capital Management LLC report beneficial ownership of 491,989 shares of Ideal Power common stock, representing 5.8% of the class.

The reporting persons have sole voting and dispositive power over these shares. They state the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Ideal Power. This filing is Amendment No. 3 to their Schedule 13G.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 3)

Ideal Power, Inc

(Name of Issuer)

Common Stock, par value $0.001 per share

(Title of Class of Securities)

451622203

(CUSIP Number)

12/31/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 451622203

1

Names of Reporting Persons

Orin Hirschman

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 491,989.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 491,989.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

491,989.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.8 %

12

Type of Reporting Person (See Instructions)

HC, IN

SCHEDULE 13G

CUSIP No. 451622203

1

Names of Reporting Persons

AIGH Capital Management LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 491,989.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 491,989.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

491,989.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.8 %

12

Type of Reporting Person (See Instructions)

IA, OO

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Ideal Power, Inc
(b)	Address of issuer's principal executive offices: 5508 Highway 290 West, Suite 120, Austin, TX, 78735
Item 2.
(a)	Name of person filing: This Schedule 13G is being jointly filed by each of the following persons pursuant to Rule 13d-1 promulgated by the Securities and Exchange Commission pursuant to Section 13 of the Securities Exchange Act of 1934, as amended (the "Act"): (i) AIGH Capital Management, LLC, a Maryland limited liability company ("AIGH CM"), as an Advisor or Sub-Advisor with respect to shares of Common Stock (as defined in Item 2(d) below) held by AIGH Investment Partners, L.P., and WVP Emerging Manger Onshore Fund, LLC - AIGH Series. (ii) AIGH Investment Partners, L.L.C., a Delaware limited liability company ("AIGH LLC";), with respect to shares of Common Stock (as defined in Item 2(d) below) directly held by it; (iii) Mr. Orin Hirschman ("Mr. Hirschman"), who is the Managing Member of AIGH Capital Management, LLC and president of AIGH LLC, with respect to shares of Common Stock (as defined in Item 2(d) below) indirectly held through AIGH CM, directly by AIGH LLC and Mr. Hirschman and his family directly. AIGH Capital Management LLC., AIGH Investment Partners LLC, and Mr. Hirschman are hereinafter sometimes collectively referred to as the "Reporting Persons." Any disclosures herein with respect to persons other than the Reporting Persons are made on information and belief after making inquiry to the appropriate party.
(b)	Address or principal business office or, if none, residence: The principal office and business address of AIGH Capital Management LLC, AIGH Investment Partners LLC, and Mr.Hirschman is: 6006 Berkeley Avenue, Baltimore MD 21209
(c)	Citizenship: See Item 2(a) above and Item 4 of each cover page.
(d)	Title of class of securities: Common Stock, par value $0.001 per share
(e)	CUSIP No.: 451622203
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 491,989
(b)	Percent of class: 5.8 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 491,989
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 491,989
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Orin Hirschman

Signature:	Orin Hirschman
Name/Title:	Orin Hirschman
Date:	01/29/2026

AIGH Capital Management LLC

Signature:	Orin Hirschman
Name/Title:	Orin Hirschman, Managing Member
Date:	01/29/2026

FAQ

What percentage of Ideal Power (IPWR) does Orin Hirschman report owning?

Orin Hirschman reports beneficial ownership of 5.8% of Ideal Power’s common stock, equal to 491,989 shares. This level of ownership makes him a significant shareholder and triggers the Schedule 13G/A disclosure requirements for large passive investors.

How many Ideal Power (IPWR) shares are beneficially owned by the reporting persons?

The reporting persons disclose beneficial ownership of 491,989 shares of Ideal Power common stock. They also report sole voting and sole dispositive power over all these shares, meaning they alone can vote and decide when to sell or hold them.

Who are the reporting persons in this Ideal Power (IPWR) Schedule 13G/A filing?

The filing is jointly made by Orin Hirschman and AIGH Capital Management LLC. Hirschman is Managing Member of AIGH Capital Management and president of AIGH Investment Partners LLC, and they are collectively referred to as the reporting persons in the document.

Is the 5.8% Ideal Power (IPWR) stake held for control purposes?

The reporting persons certify the Ideal Power shares were acquired and are held in the ordinary course of business and not for changing or influencing control of the company, other than activities solely connected with a nomination under Rule 240.14a-11.

What type of investors are Orin Hirschman and AIGH Capital in this Ideal Power (IPWR) filing?

The filing classifies Orin Hirschman as “HC” (holding company/control person) and AIGH Capital Management LLC as “IA” (investment adviser). These classifications describe their regulatory status in connection with their beneficial ownership of Ideal Power’s common stock.

What is the event date and amendment number for this Ideal Power (IPWR) Schedule 13G/A?

The date of the event requiring this Schedule 13G/A is December 31, 2025, and the filing is labeled Amendment No. 3. Signatures from Orin Hirschman are dated January 29, 2026, confirming the updated ownership information.