secwatch.observer — SEC 8-K summary
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Issuer:     iPower Inc. (IPW)
CIK:        0001830072
Form:       8-K
Filed at:   2024-09-04T23:59:59+00:00
Accession:  0001683168-24-006162
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

iPower grants 1.2M stock options to CEO Lawrence Tan at $1.43 exercise price
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- 1,200,000 options granted under 2020 Equity Incentive Plan; exercise price $1.43 (110% of FMV on grant date).
- Options vest: 30,000 immediate on Aug 29, 2024; 32,500 monthly from Sept 1, 2024 to Aug 1, 2027.
- Option term is 5 years; award subject to standard vesting conditions and plan terms.
- Grant recommended by compensation committee and approved by board on August 29, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1830072/000168316824006162/0001683168-24-006162-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1830072/000168316824006162/ipower_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-24-006162

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer