WRAP CEO Scot Cohen buys 209,353 company shares
WRAP TECHNOLOGIES, INC. insider Scot Cohen, Executive Chairman, CEO and more than ten percent owner, filed an amended Form 4 to correct a prior report.
Rhea-AI Filing Summary
WRAP TECHNOLOGIES, INC. insider Scot Cohen, Executive Chairman, CEO and more than ten percent owner, filed an amended Form 4 to correct a prior report. The amendment states that on July 8, 2026, an IRA associated with him purchased 209,353 shares of common stock at $1.10 per share in an open-market transaction, rather than 21,740 shares as originally reported, and clarifies that these shares are held indirectly through the Scot Cohen Roth IRA. A separate line shows he also holds 6,589,555 common shares directly as of July 7, 2026.
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Insights
CEO Scot Cohen corrected and upsized a reported open-market share purchase.
Executive Chairman and CEO Scot Cohen reports an amended open-market purchase of 209,353 WRAP common shares at $1.10 per share. The position is held indirectly through the Scot Cohen Roth IRA, not directly, correcting the earlier filing.
The amendment also discloses a separate direct holding of 6,589,555 shares as of July 7, 2026. This suggests the transaction is modest relative to his overall stake, but it still represents a discretionary insider buy at a specific market price.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock F1 | 209,353 | $1.10 | $230K |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- F1. The purpose of this Form 4/A is to amend the original Form 4 filed on July 9, 2026 (the "Original Form 4") to correct(i) the quantity of shares of common stock, par value $0.0001 per share ("Common Stock"), of the Issuer the Reporting Person purchased on July 8, 2026, and (ii) the Reporting Person's form of ownership of such shares of Common Stock, in each case, as reported in the Original Form 4. The Original Form 4 reported (i) the purchase of 21,740 shares of Common Stock, when the Reporting Person purchased 209,353 shares of Common Stock, and (ii) that such shares were purchased directly by the Reporting Person, when such shares are directly held by Scot Cohen Roth IRA.
Key Figures
Key Terms
open-market purchase financial
indirect ownership financial
Form 4/A regulatory
ten percent owner regulatory
FAQ
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What did WRAP (WRAP) Executive Chairman and CEO Scot Cohen report in this amended Form 4?
Why was Scot Cohen’s original Form 4 for WRAP (WRAP) corrected?
Is the WRAP (WRAP) insider transaction by Scot Cohen a purchase or sale?
AI-generated analysis. How Rhea-AI works. Not financial advice.