CEO David M. Somo buys 90,909 shares of IPWR at $2.75; holdings surge 36.7% to 338,347 shares
SOMO DAVID M, the President and CEO, purchased 90,909 shares at $2.75 on 2026-02-25, increasing his holdings by 36.7% from 247,438 to 338,347 shares. The transaction occurs while the stock trades 44.7% below its 52-week high of $6.67 and the company reports a net loss of $-2,940,650 with annual revenue declining 56.7% year-over-year. This substantial increase in the CEO's personal stake signals material commitment to the company at depressed valuations, though it coincides with fundamental deterioration—the latest quarter shows revenue of only $24,450 and the company remains unprofitable. The magnitude of the buy (36.7% increase in CEO holdings) and price discount relative to recent highs warrant attention to understand whether this reflects conviction in a turnaround or portfolio management against a backdrop of significant operational decline.