Wrap Technologies appoints Edward Delatorre to board

Half of the options are scheduled to vest on October 20, 2027, with the balance vesting in four quarterly installments over the following year.

Rhea-AI Filing Summary

Wrap Technologies, Inc. increased its board from six directors to seven and appointed Edward Delatorre as a director effective October 20, 2026. He will serve until the company’s 2026 annual meeting of stockholders, until a successor is elected and qualified, or until his earlier death, resignation, or removal.

In connection with the appointment, Wrap granted Delatorre options to purchase 30,000 shares of common stock at an exercise price of $1.45 per share. The options have a ten-year term: 50% vest on October 20, 2027, and the remaining 50% vest in four equal quarterly installments over the next year, subject to the applicable non-employee non-statutory stock option agreement.

8-K Event Classification

2 items: 5.02, 9.01

2 items

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance

Key personnel changes including departures, elections, or appointments of directors and executive officers.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

Key Figures

Board size: From 6 to 7 directors Options: 30,000 shares Exercise price: $1.45 per share +3 more

6 metrics

Board size From 6 to 7 directors Board expansion effective October 20, 2026

Options 30,000 shares Options granted to Edward Delatorre

Exercise price $1.45 per share Options granted to Edward Delatorre

Option term 10 years Options granted to Edward Delatorre

First vesting tranche 50% Vests on October 20, 2027

Remaining vesting 50% in 4 equal quarterly installments Over the next year

Key Terms

exercise price, vest, non-employee non-statutory stock option agreement

3 terms

exercise price financial

"with an exercise price of $1.45 per share"

The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.

vest financial

"vest as follows (i) 50% on October 20, 2027"

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

non-employee non-statutory stock option agreement financial

"applicable non-employee non-statutory stock option agreement"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What option award did WRAP give Edward Delatorre?

Wrap granted Edward Delatorre options to purchase 30,000 shares of common stock at an exercise price of $1.45 per share.

How do Edward Delatorre’s WRAP options vest?

50% vest on October 20, 2027, and the remaining 50% vest in four equal quarterly installments over the next year. The options have a ten-year term and are subject to the applicable non-employee non-statutory stock option agreement.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 10/26/2026 - 04:05 PM EDT Accepted by SEC EDGAR 10/26/2026 - 04:05 PM EDT Learn about SEC filing dates

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): October 20, 2026

WRAP TECHNOLOGIES, INC.

(Exact name of registrant as specified in its charter)

Delaware		001-38750		98-0551945
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

3350 Virginia Street

Miami, Florida 33133

(Address of principal executive offices) (Zip Code)

(800) 583-2652

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock, par value $0.0001 per share		WRAP		Nasdaq Capital Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR 240.12b-2) ☐

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On October 20, 2026, the Board of Directors (the “Board”) of Wrap Technologies, Inc. (the “Company”) increased the size of the Board from six directors to seven directors and appointed Edward Delatorre to the Board, effective immediately, to serve as a director until the Company’s 2026 annual meeting of stockholders or until his successor is duly elected and qualified, or until his earlier death, resignation, or removal. As of the date of this Current Report on Form 8-K, Mr. Delatorre has not been appointed to any committees of the Board.

There are no arrangements or understandings between Mr. Delatorre and any other persons pursuant to which Mr. Delatorre was selected to serve as a director of the Company. In addition, there are no transactions between the Company and Mr. Delatorre or his immediate family members requiring disclosure under Item 404(a) of Regulation S-K promulgated under the Securities Act of 1933, as amended.

In connection with his appointment, the Company granted Mr. Delatorre options (“Options”) to purchase 30,000 shares of Company common stock, par value $0.0001 per share, with an exercise price of $1.45 per share. The Options have a ten-year term, and vest as follows: (i) 50% on October 20, 2027 and (ii) the remaining 50% in four equal quarterly installments over the next year, subject to the terms and conditions of the applicable non-employee non-statutory stock option agreement.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits:

Exhibit No.		Description
104		Inline XBRL for the cover page of this Current Report on Form 8-K

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: October 26, 2026	WRAP TECHNOLOGIES, INC.
	By:	/s/ Scot Cohen
	Name:	Scot Cohen
	Title:	Chief Executive Officer

Filing Exhibits & Attachments

3 documents

Other Documents

• EX-101 XBRL SCHEMA FILE 2.9 KB
• EX-101 XBRL LABEL FILE 33.4 KB
• EX-101 XBRL PRESENTATION FILE 21.8 KB