Ideal Power Inc.
Organization details
- Legal name
- Ideal Power Inc.
- Former names
- Ideal Power Converters, Inc.
- Ownership
- Public
- Status
- Active
- Sector (GICS)
- Information Technology
- SIC code
- 3674 — Semiconductors & Related Devices
- Jurisdiction of incorporation
- Delaware
- Headquarters city
- Austin
- Headquarters state / province
- Texas
- Headquarters country
- United States
- Fiscal year end
- December
- Ticker symbol
- IPWR
- Primary stock exchange
- Nasdaq
Identifiers
- SEC CIK
- 0001507957
- EIN
- 14-1999058
Board of directors
-
Daniel Brdar · Director · President and CEOSince 2023
-
David M. Somo · Director · President and CEOSince 2025
-
Drue Freeman · DirectorSince 2023
-
Gregory C. Knight · DirectorSince 2023
-
Laban E. Lesster · DirectorSince 2023
-
Michael C. Turmelle · DirectorSince 2023
Chief executives
Weak · grade F
Out of 100, from shareholder return, dividends, growth and acquisitions.
Partial: only 20% of the scoring weight is on file.
- Revenue growth 20%
- 0
-56.2% a year in revenue
20% of the scoring weight is on file. Figures cover December 2024 – December 2025.
Director election results
Annual meeting of June 3, 2026. Support is votes for as a share of votes for and against (or withheld). Below 80% is a clear protest.
-
96.5%
-
98.8%
-
99.1%
-
99.6%
Board connections
1 of this board's directors also sit on 1 other board. 1 is in the same sector.
-
Quantum Computing Inc. Same sectorvia Michael C. Turmelle
Insider trades
All notable trades →From SEC Forms 4 and 5. Open-market purchases and sales are highlighted; grants, option exercises and shares withheld for tax are routine.
- Bought, last 12 months
- $289,900
- 2 purchases by 2 insiders
- Sold, last 12 months
- $0
- 0 sales by 0 insiders
| Date | Insider | Transaction | Shares | Price | Value |
|---|---|---|---|---|---|
| Nov 3, 2026 | David M. Somo Director, Officer (President and CEO) | Shares withheld for tax | −32,456 | $2.47 | $80,166 |
| Aug 13, 2026 | David M. Somo Director, Officer (President and CEO) | Grant or award | +61,860 | — | — |
| Aug 13, 2026 | David M. Somo Director, Officer (President and CEO) | Shares withheld for tax | −24,342 | $4.26 | $103,697 |
| Jun 22, 2026 | BURNS TIMOTHY Officer (CFO) | Grant or award | +20,000 | — | — |
| Jun 20, 2026 | BURNS TIMOTHY Officer (CFO) | Shares withheld for tax | −5,247 | $6.04 | $31,692 |
| Jun 12, 2026 | BURNS TIMOTHY Officer (CFO) | Shares withheld for tax | −2,928 | $6.10 | $17,861 |
| Jun 5, 2026 | BURNS TIMOTHY Officer (CFO) | Option exercise | +6,667 | — | — |
| Jun 5, 2026 | BURNS TIMOTHY Officer (CFO) | Shares withheld for tax | −2,624 | $6.03 | $15,823 |
| Jun 3, 2026 | BURNS TIMOTHY Officer (CFO) | Option exercise | +6,667 | — | — |
| Jun 3, 2026 | BURNS TIMOTHY Officer (CFO) | Shares withheld for tax | −2,624 | $7.46 | $19,575 |
| Jun 1, 2026 | BURNS TIMOTHY Officer (CFO) | Option exercise | +6,666 | — | — |
| Jun 1, 2026 | BURNS TIMOTHY Officer (CFO) | Shares withheld for tax | −2,624 | $7.30 | $19,155 |
| May 26, 2026 | Michael C. Turmelle Director | Open-market purchase | +5,250 | $7.60 | $39,900 |
| May 18, 2026 | David M. Somo Director, Officer (President and CEO) | Grant or award | +61,860 | $5.77 | $356,932 |
| May 18, 2026 | David M. Somo Director, Officer (President and CEO) | Shares withheld for tax | −24,342 | $5.77 | $140,453 |
Peers
Compare boardsOrganizations in the same sector, closest in location and size first.
Questions about Ideal Power Inc.
Who is the CEO of Ideal Power Inc.?
David M. Somo has been Ideal Power Inc.'s President and CEO since November 2025.
How many directors are on Ideal Power Inc.'s board?
Ideal Power Inc.'s board has 6 directors: Daniel Brdar, David M. Somo, Drue Freeman, Gregory C. Knight, Laban E. Lesster and Michael C. Turmelle.
Are Ideal Power Inc. insiders buying or selling shares?
Over the last 12 months, Ideal Power Inc. insiders bought $289,900 of shares in 2 purchases and made no open-market sales on the open market, as reported to the SEC on Forms 4 and 5.
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