Wrap Technologies clarifies 275K insider holdings
Amended Form 4 for WRAP corrects the indirect holder of 275,000 shares to Continuum Ventures, LLC, with no new share transactions reported.
Rhea-AI Filing Summary
WRAP TECHNOLOGIES, INC. (WRAP) filed an amended Form 4 to correct how certain common stock holdings are reported for President and COO Jared Novick. The amendment states that 275,000 shares of common stock are held indirectly through Continuum Ventures, LLC, rather than the previously reported entity.
The shares are directly owned by Continuum Ventures, LLC and may be deemed beneficially owned by Jared Novick as its managing member, although he disclaims beneficial ownership except to the extent of his pecuniary interest. No new purchases, sales, or option exercises are reported, and no Rule 10b5-1 trading plan is indicated.
Positive
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Negative
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common Stock F1 | -- | -- | -- |
Footnotes (1)
- 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 'Scot Cohen Roth IRA.' The correct indirect holder is Continuum Ventures, LLC ("Continuum"). The reported securities are directly owned by Continuum and may be deemed to be beneficially owned by the Reporting Person as managing member of Continuum. 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
pecuniary interest financial
managing member financial
indirect holder financial
beneficially owned financial
FAQ
What did WRAP (WRAP) disclose in this amended Form 4 for Jared Novick?
What ownership correction did WRAP (WRAP) make regarding Jared Novick’s holdings?
Does this WRAP (WRAP) Form 4/A show any new insider buying or selling by Jared Novick?
Was a Rule 10b5-1 trading plan involved in the WRAP (WRAP) Form 4/A disclosure?
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