Wrap Technologies CEO clarifies 2.01M-share stake
WRAP TECHNOLOGIES, INC.
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Rhea-AI Filing Summary
WRAP TECHNOLOGIES, INC. (WRAP) received an amended Form 4 from Executive Chairman and CEO Scot Cohen, who is also a ten percent owner, to correct and clarify his indirect beneficial holdings of common stock. The amendment states that 209,353 shares are held through the Scot Cohen Roth IRA and 2,014,877 shares are held through V4 Global LLC, with Cohen deemed a beneficial owner only to the extent of his pecuniary interest. The filing reports these indirect positions and does not show new purchases or sales of WRAP stock.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Holding | Common Stock F1 | -- | -- | -- |
| Holding | Common Stock F2 | -- | -- | -- |
Footnotes (2)
- F1. This Form 4/A amends the Form 4 originally filed on September 4, 2026 to correct the nature of indirect beneficial ownership reported in Table I. The original Form 4 incorrectly identified the indirect holder as 'Continuum Ventures, LLC.' The correct indirect holder is the Scot Cohen Roth IRA ("SC IRA"). The reported securities are directly owned by SC IRA. The Reporting Person is deemed the beneficial owner of such securities as the sole holder of the SC IRA.
- F2. This Form 4/A amends the Form 4 originally filed on September 4, 2026 to include the remaining shares of common stock indirectly held by the Reporting Person. The reported securities are directly owned by V4 Global LLC ("V4") and may be deemed to be beneficially owned by the Reporting Person as managing member of V4. The Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
Key Figures
Key Terms
indirect beneficial ownership financial
beneficial owner financial
pecuniary interest financial
disclaims beneficial ownership financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does the Form 4/A filing for WRAP reveal about Scot Cohen's WRAP holdings?
Why was the original WRAP Form 4 amended by Scot Cohen?
Was a Rule 10b5-1 trading plan involved in this WRAP Form 4/A?
AI-generated analysis. How Rhea-AI works. Not financial advice.