Form 4: iPower CEO Tan Granted 81,136 Immediately Vested RSUs

iPower Inc.'s CEO and Chairman, Chenlong Tan, was granted 81,136 immediately vested Restricted Stock Units, increasing his direct beneficial ownership.

Summary

• Chenlong Tan, CEO and Chairman of iPower Inc., was granted 81,136 Restricted Stock Units (RSUs) on November 12, 2025.
• The granted RSUs vested immediately upon the grant date.
• Settlement of these vested RSUs will occur upon the earliest of specific Code Section 409A-permitted payment events, including a change of control of the Company, Mr. Tan's separation from service, his death or disability, or an unforeseeable financial emergency.
• Following this transaction, Mr. Tan directly beneficially owns 207,866 shares of iPower Inc. Common Stock.
• Mr. Tan also indirectly beneficially owns 133,334 shares of Common Stock through the TCL 23 NV Revocable Trust.

Sentiment

Score: 7

Explanation: The grant of immediately vested RSUs to the CEO is a positive for executive compensation and alignment, but it's a routine event for a Form 4 and does not indicate significant operational news or a material shift in company prospects.

Positives

• The CEO and Chairman, Chenlong Tan, received a grant of 81,136 Restricted Stock Units (RSUs).
• The RSUs vested immediately upon grant, directly increasing Mr. Tan's beneficial ownership in the company.

Risks

• The actual settlement and receipt of shares from the vested RSUs are contingent upon specific future events as defined by Code Section 409A, which introduces a timing uncertainty for the conversion to physical shares.

Future Outlook

The settlement of the immediately vested Restricted Stock Units is tied to future Code Section 409A-permitted payment events, including a change of control, separation from service, death or disability, or an unforeseeable financial emergency.

Industry Context

This Form 4 filing reports a routine equity compensation event for a senior executive, which is a common practice across industries to align management incentives with shareholder interests and is part of standard executive compensation packages.

Related Party Transactions

• The indirect beneficial ownership of 133,334 shares is held by TCL 23 NV Revocable Trust, which is beneficially owned by the Reporting Person, Chenlong Tan, indicating a related party holding.

Stakeholder Impact

• Shareholders: The grant of RSUs aligns the CEO's interests with shareholders, as his compensation is tied to company performance and stock value.
• Management (CEO): Receives additional equity compensation, increasing his personal stake and incentivizing long-term performance.

Next Steps

• Settlement of the vested RSUs will occur upon the earliest of specific Code Section 409A-permitted payment events.

Key Dates

Keywords

iPower Inc., IPW, Chenlong Tan, Restricted Stock Units, RSU, Equity Grant, Beneficial Ownership, CEO, Chairman, Form 4, Insider Transaction, Corporate Governance