Ideal Power appoints David Somo as President and CEO, succeeding Dan Brdar

Ideal Power Inc.

Dan Brdar retired as President, CEO, and director effective Nov 2, 2025; transition services agreement for 12 months.
David Somo appointed President, CEO, and director effective Nov 3, 2025; over 30 yrs semiconductor experience.
Somo receives annual base salary of $425k, target bonus 100%, and inducement awards of RSUs and PSUs for 247,438 shares each.
Inducement RSUs vest over 3 years; PSUs vest upon achievement of performance milestones.

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