Wrap Technologies CEO clarifies 2.01M-share stake
WRAP TECHNOLOGIES, INC.
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Cohen Scot
Role
Executive Chairman and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common Stock F1 | -- | -- | -- |
| holding | Common Stock F2 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 209,353 shares (Indirect, By Scot Cohen Roth IRA);
Common Stock — 2,014,877 shares (Indirect, By V4 Global LLC)
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
Indirect common shares via Scot Cohen Roth IRA: 209,353 shares
Indirect common shares via V4 Global LLC: 2,014,877 shares
Holding entries reported: 2 entries
3 metrics
Indirect common shares via Scot Cohen Roth IRA
209,353 shares
Indirect holdings of WRAP common stock reported as of September 2, 2026
Indirect common shares via V4 Global LLC
2,014,877 shares
Indirect holdings of WRAP common stock reported as of September 2, 2026
Holding entries reported
2 entries
Number of non-transaction holding lines in this Form 4/A
Key Terms
indirect beneficial ownership, beneficial owner, pecuniary interest, disclaims beneficial ownership
4 terms
indirect beneficial ownership financial
"amends the Form 4 to correct the nature of indirect beneficial ownership"
beneficial owner financial
"The Reporting Person is deemed the beneficial owner of such securities"
A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.
pecuniary interest financial
"disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest"
disclaims beneficial ownership financial
"The Reporting Person disclaims beneficial ownership of the reported securities"
FAQ
What does the Form 4/A filing for WRAP reveal about Scot Cohen's WRAP holdings?
The Form 4/A shows 209,353 WRAP common shares held indirectly through the Scot Cohen Roth IRA and 2,014,877 shares held indirectly through V4 Global LLC, reflecting corrected disclosure of how these indirect positions are owned.
Why was the original WRAP Form 4 amended by Scot Cohen?
The amendment explains the original Form 4 misidentified the indirect holder as Continuum Ventures, LLC and omitted certain shares. It corrects the holder to the Scot Cohen Roth IRA and adds remaining indirectly held shares through V4 Global LLC.
Was a Rule 10b5-1 trading plan involved in this WRAP Form 4/A?
No. The document-level checkbox indicates no Rule 10b5-1 trading plan is affirmed for the reported positions, and the filing describes only corrected holdings, not trades pursuant to any pre-arranged plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.