X0306 4 2019-10-09 1 0001507957 Ideal Power Inc. IPWR 0001535264 AWM Investment Company, Inc. 527 MADISON AVENUE SUITE 2600 NEW YORK NY 10022 0 0 1 0 Common Stock 2019-10-09 4 S 0 259 2.5251 D 239776 I by Limited Partnerships Common Stock 2019-10-10 4 S 0 17705 2.0141 D 222071 I By Limited Partnerships Common Stock 2019-10-11 4 S 0 10900 2.0018 D 211171 I By Limited Partnerships Common Stock 2019-10-11 4 S 0 5212 2.0226 D 205959 I By Limited Partnerships Common Stock 2019-10-14 4 S 0 30000 2.4934 D 175959 I By Limited Partnerships Common Stock 2019-10-14 4 S 0 70000 2.6332 D 105959 I By Limited Partnerships This is a weighted average price. AWM Investment Company, Inc., a Delaware Corporation (AWM), is the investment adviser to Special Situations Fund III QP, L.P. (QP), Special Situations Cayman Fund, L.P. (CAYMAN), Special Situations Technology Fund, L.P. (Tech) & Special Situations Technology Fund II, L.P. (TECH II) & together with QP, CAYMAN, & Tech, the Funds). As the investment adviser to the Funds, AWM holds sole voting & investment power over 53,475 shares of Common Stock of the Issuer (the Shares) held by QP, 15,547 Shares held by CAYMAN, 5,503 Shares held by Tech & 31,434 Shares held by TECH II. Austin W. Marxe (Marxe), David M. Greenhouse (Greenhouse) & Adam C. Stettner (Stettner) are the controlling principals of AWM. The reporting person disclaims beneficial ownership of the Shares, except to the extent of its pecuniary interest therein. This report shall not be deemed an admission that the reporting person is the beneficial owner of the securities reported herein for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose. Adam Stettner 2019-10-15