WRAP (WRAP) CEO adds shares via open-market buy and stock awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
WRAP Technologies Executive Chairman and CEO Scot Cohen reported multiple share acquisitions. On July 8, 2026, he made an open-market purchase of 21,740 shares of common stock at $1.10 per share, bringing his direct holdings to 6,798,908 shares.
On July 7, 2026, he also acquired 4,576 common shares directly and 6,408 common shares indirectly through V4 Global LLC as stock issued as payment of dividends on Series A Convertible Preferred Stock. Following these awards, V4 Global LLC held 2,014,877 shares that may be deemed beneficially owned by Cohen to the extent of his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 21,740 shares ($23,914)
Net Buy
3 txns
Insider
Cohen Scot
Role
Executive Chairman and CEO
Bought
21,740 shs ($24K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 21,740 | $1.10 | $24K |
| Grant/Award | Common Stock | 6,408 | $0.00 | -- |
| Grant/Award | Common Stock | 4,576 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 6,798,908 shares (Direct, null);
Common Stock — 2,014,877 shares (Indirect, By V4 Global LLC)
Footnotes (1)
- Represents shares of the Issuer's common stock, par value $0.0001 per share (the "Common Stock"), issued as a payment of dividends on the Issuer's Series A Convertible Preferred Stock, par value $0.0001 per share. 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
Open-market purchase: 21,740 shares at $1.10/share
Direct holdings after purchase: 6,798,908 shares
Direct dividend shares: 4,576 shares
+2 more
5 metrics
Open-market purchase
21,740 shares at $1.10/share
Common Stock bought on July 8, 2026
Direct holdings after purchase
6,798,908 shares
Common Stock directly owned after July 8, 2026 trade
Direct dividend shares
4,576 shares
Common Stock issued July 7, 2026 as Series A preferred dividend
Indirect dividend shares via V4
6,408 shares
Common Stock issued July 7, 2026 to V4 Global LLC
Indirect holdings via V4
2,014,877 shares
Common Stock held by V4 Global LLC after July 7, 2026
Key Terms
open-market purchase, grant, award, or other acquisition, Series A Convertible Preferred Stock, indirect ownership, +1 more
5 terms
open-market purchase financial
"transaction_action: "open-market purchase""
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
grant, award, or other acquisition financial
"transaction_code_description: "Grant, award, or other acquisition""
Series A Convertible Preferred Stock financial
"issued as a payment of dividends on the Issuer's Series A Convertible Preferred Stock"
Series A convertible preferred stock is a class of shares sold in an early funding round that gives investors a mix of protection and upside: it pays a priority claim over common shares if the company is sold or closes, but can be converted into ordinary shares to share in future growth. Think of it like a hybrid between a safer stake and a ticket to ownership; it matters to investors because it affects who controls the company, how future gains are split, and how much their investment is protected from downside.
indirect ownership financial
"The reported securities are directly owned by V4 Global LLC and may be deemed to be beneficially owned"
pecuniary interest financial
"disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein"
FAQ
What did WRAP (WRAP) CEO Scot Cohen do in this Form 4 filing?
Scot Cohen reported acquiring additional WRAP common stock. He bought 21,740 shares in an open-market purchase and received stock issued as dividends on Series A Convertible Preferred Stock, both directly and through V4 Global LLC.