iPower Inc. — Form 8-K

iPower Inc. has adopted a Third Amended and Restated 2020 Equity Incentive Plan, authorizing up to 50 million shares for issuance under equity awards (options, RSUs, restricted stock, performance shares, and SARs) to employees, directors, and consultants. The plan includes a 5% annual evergreen increase in the share reserve beginning January 1, 2027 through January 2036, subject to board discretion. The plan requires stockholder approval within 12 months of board adoption; all awards are contingent on such approval, and any Incentive Stock Options granted become void if approval is not obtained.