Welcome to our dedicated page for Wrap Technologies SEC filings (Ticker: WRAP), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Wrap Technologies, Inc. filings document the public safety technology company's operating results, capital structure, governance actions and material corporate events. Recent Form 8-K reports include earnings releases, private placements of common stock, pre-funded warrants and common warrants, and preferred-stock designations that affect shareholder rights and potential dilution.
Proxy and governance filings cover annual meeting matters, equity compensation plan amendments, authorized-share increases, bylaw amendments, director and officer matters, and stockholder voting standards. These disclosures provide the formal record for WRAP's financing activity, executive and board-related changes, charter and bylaw provisions, and recurring financial reporting as a Nasdaq-listed operating company.
WRAP TECHNOLOGIES, INC. Executive Chairman and CEO Scot Cohen reported acquiring additional common shares through stock dividends rather than market purchases. On the reported date, he received 21,740 shares of common stock directly as payment of dividends on Series A Convertible Preferred Stock.
An affiliated entity, V4 Global LLC, received a further 30,435 common shares as dividend payment, which may be deemed beneficially owned by Cohen as V4’s managing member, though he disclaims beneficial ownership beyond his pecuniary interest. Following these transactions, Cohen directly held 6,584,979 shares, and V4 Global LLC held 2,008,469 shares of common stock.
Wrap Technologies, Inc. ownership disclosure: this amended Schedule 13G/A reports that the reporting persons collectively hold economic interests equal to 7.6% of the common stock after giving effect to contractual ownership limits. The filing states 55,500,054 shares outstanding as of March 23, 2026, and shows Iroquois Capital Management, LLC, Richard Abbe and Kimberly Page each attributed with specified direct holdings plus convertible preferred and warrant positions that are subject to 4.99% and 9.99% Beneficial Ownership Blockers.
The cover-page aggregates show Richard Abbe: 2,843,615 shares, Iroquois Capital: 1,618,473 shares and Kimberly Page: 1,618,473 shares (each figure reflects the impact of the Beneficial Ownership Blockers). The filing explains certain Preferred Shares and Warrants cannot be exercised or converted to the extent they would exceed the stated blockers, and cites a 4.99% blocker ceiling currently limiting exercises to 2,119,206 shares.
Wrap Technologies, Inc. reported higher revenue but a larger loss for the quarter ended March 31, 2026. Revenue rose to $1.1 million from $765 thousand, driven by product sales of BolaWrap devices and cassettes, while technology-enabled services revenue declined.
Gross profit increased modestly to $691 thousand, but gross margin fell to 62.2% as hardware made up more of sales. Operating expenses grew to $5.5 million, largely from higher share-based compensation, leading to a loss from operations of $4.8 million and a net loss of $4.5 million, versus net income of $109 thousand a year earlier when a large non-cash warrant valuation gain was recorded.
Cash and cash equivalents increased to $7.3 million, helped by $5.0 million of proceeds from a February 2026 private placement and $100 thousand from warrant exercises. Working capital improved to $12.6 million, and management believes existing resources are sufficient for at least the next twelve months, though the Company expects to continue incurring operating losses while scaling its non-lethal public safety solutions.
Wrap Technologies reported strong top-line growth but continued losses for Q1 2026. Revenue rose 45% year over year to $1.1 million, driven by triple-digit product sales growth to $0.9 million. Bookings reached $3.2 million, split between $1.1 million domestic and $2.1 million international, underscoring global demand for its non-lethal response solutions.
Gross profit increased to $0.7 million with a 62% margin, down from 78% as the company invests in growth. Operating expenses rose to $5.5 million, largely from higher non-cash share-based compensation, leading to a $4.8 million operating loss. Net loss was $4.5 million versus prior-year net income of $0.1 million, which benefited from a $4.0 million non-cash warrant liability gain.
Cash and cash equivalents improved to $7.3 million from $3.5 million at year-end, while cash used in operating activities narrowed 59% to $1.2 million. Strategically, Wrap secured a U.S. Department of Homeland Security purchase order, international drone and counter-drone pre-orders, and a new India agreement, supporting its focus on integrated non-lethal response, drone interdiction, and counter-UAS platforms.
WRAP TECHNOLOGIES, INC. trustees Elwood G. Norris and Stephanie A. Norris, and the Norris Family 1997 Trust report beneficial ownership of 4,491,344 shares of Common Stock. Each filing person is shown with 4,491,344 shares, representing 8.17% of the class.
The filing cites 55,000,054 shares outstanding as of March 23, 2026 per the company's Form 10-K. The trust holds sole voting and dispositive power for the same 4,491,344 shares while each trustee reports shared voting and dispositive power.
WRAP TECHNOLOGIES, INC. insider Elwood G Norris, a ten percent owner, reported a series of indirect open-market sales of common stock held by a Family Trust. Between February 2 and February 10, 2026, the trust sold a total of 189,095 shares at prices around $1.82–$2.20 per share. After these transactions, the trust continued to hold 5,113,938 shares of WRAP common stock indirectly attributed to Norris.
SHULMAN JOHN D reported acquisition or exercise transactions in this Form 4 filing.
WRAP TECHNOLOGIES, INC. director John D. Shulman reported an equity grant in the form of restricted stock units (RSUs). He received 19,643 shares of common stock at a price of $0.00 per share as a grant or award, rather than an open‑market purchase.
According to the footnotes, 12,768 of these RSUs vested on the grant date, and the remaining units vest in eight equal monthly tranches. After this grant, he holds 99,037 shares directly and 250,000 shares indirectly through Juggernaut Management, LLC, an entity associated with him where he may be deemed to have a pecuniary interest.
Szymanski Timothy reported acquisition or exercise transactions in this Form 4 filing.
WRAP TECHNOLOGIES, INC. director Timothy Szymanski received a grant of 19,643 shares of Common Stock in the form of Restricted Stock Units at a stated price of $0.00 per share. Following this award, he directly holds 156,859 shares.
According to the grant terms, 12,768 of the RSUs vested on the grant date, and the remaining units vest in eight equal monthly tranches, creating a short, time-based vesting schedule tied to continued service.
Srinivasan Rajiv reported acquisition or exercise transactions in this Form 4 filing.
WRAP TECHNOLOGIES, INC. director Rajiv Srinivasan reported an equity compensation grant of 19,643 shares of Common Stock in the form of Restricted Stock Units. The grant was made at no cash cost per share.
According to the footnote, 12,763 of these RSUs vested on the grant date, and the remaining units vest in eight equal monthly installments. Following this award, Srinivasan directly holds 164,750 shares of WRAP common stock.
WRAP TECHNOLOGIES, INC. director Marc Savas reported an acquisition of company stock through an equity award. He received 19,643 shares of Common Stock as a grant valued at $0.0000 per share, structured as Restricted Stock Units (RSUs). On the grant date, 12,768 RSUs vested, with the remaining units scheduled to vest in eight equal monthly installments. After this award, Savas directly holds 242,856 shares of WRAP common stock. Separately, 75,000 shares are held indirectly through Savbo Investments LLC, which may be deemed beneficially owned by him as its Chief Executive Officer, subject to his stated pecuniary interest.