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Filing Details

Accession Number:: 0001415889-21-004256
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2021-09-03 20:30:19
Reporting Period:: 2021-09-01

Accepted Time:: 2021-09-03 20:30:19
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1702924	Wrap Technologies Inc.	WRAP	()	4

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1167176	P Thomas Smith	C/O Wrap Technologies, Inc. 1817 W 4Th Street Tempe AZ 85281	Chief Executive Officer	No	No	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Acquisiton	2021-09-01	19,951	$4.26	19,951	No	4	M	Direct
Common Stock	Disposition	2021-09-01	19,951	$7.33	0	No	4	S	Direct
Common Stock	Acquisiton	2021-09-02	32,084	$4.26	32,084	No	4	M	Direct
Common Stock	Disposition	2021-09-02	32,084	$7.14	0	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	S	Direct
No	4	M	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Stock Options	Disposition	2021-09-01	19,951	$0.00	19,951	$4.26
Common Stock	Stock Options	Disposition	2021-09-02	32,084	$0.00	32,084	$4.26

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
90,242		2030-04-01	No	4	M	Direct
58,158		2030-04-01	No	4	M	Direct

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Stock	Stock Options	$5.41		2024-03-18	1,000,000	1,000,000	Direct
Common Stock	Stock Options	$5.22		2031-03-08	400,000	400,000	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2024-03-18	1,000,000	1,000,000	Direct
2031-03-08	400,000	400,000	Direct

Footnotes

This transaction was executed in multiple sales prices ranging from $7.25 to $7.50. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff full information regarding the number of shares and prices at which the transactions were effected.
This transaction was executed in multiple sales prices ranging from $7.06 to $7.26. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff full information regarding the number of shares and prices at which the transactions were effected.
33% of the Stock Option grant for 110,193 shares vested on April 1, 2021, the one-year anniversary of the grant date, with the balance vesting monthly over 24 months thereafter. All options will be fully vested as of April 1, 2023, subject to continued service and the terms of the grant and the 2017 Stock Incentive Plan.
33% of the Stock Option grant for 1,000,000 shares vested March 18, 2020, the one-year anniversary of the grant date, with the balance vesting monthly over 24 months thereafter. All options will be fully vested as of March 18, 2022, subject to continued service and the terms of the grant and the 2017 Stock Incentive Plan.
33% of the Stock Option grant for 400,000 shares will vest on March 8, 2022, the one-year anniversary of the grant date, with the balance vesting monthly over 24 months thereafter. All options will be fully vested as of March 8, 2024, subject to continued service and the terms of the grant and the 2017 Stock Incentive Plan.