Is the sale considered a related-party or unusual transaction?

The filing describes a routine tax-related disposition tied to compensation; no related-party or unusual transaction is indicated in the provided text.

Wrap Technologies CEO sells shares to cover RSU taxes; average $1.306

Q: What did Scot Cohen (WRAP) report on Form 4?

He reported the sale of 96,989 shares of Wrap Technologies common stock on 08/29/2025 to satisfy tax liabilities from RSU vesting.

Q: At what price were the WRAP shares sold?

The shares were sold at an average price of $1.306 , with transaction prices ranging from $1.261 to $1.351 .

Q: Why were the WRAP shares sold according to the filing?

The filing states the shares were sold for the purpose of satisfying tax liabilities attributable to the vesting and settlement of Restricted Stock Units .

Filing Impact

(Moderate)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Scot Cohen, Executive Chairman and CEO of Wrap Technologies, Inc. (WRAP), reported a sale of common stock on 08/29/2025 to satisfy tax liabilities arising from the vesting and settlement of restricted stock units. The filing shows 96,989 shares sold at an average price of $1.306, with sale prices ranging from $1.261 to $1.351. After the transactions, the reporting person beneficially owned 6,275,356 shares (directly).

The disclosure identifies Cohen as a director, officer and >10% owner and states the sale was executed to cover tax obligations related to RSU vesting. The filer offers to provide transaction-level price breakdowns on request.

Positive

Clear disclosure of purpose: sale explicitly tied to satisfying tax liabilities from RSU vesting
Transparency on pricing: average sale price ($1.306) and execution range ($1.261 $1.351) are provided
Significant retained ownership: reporting person still beneficially owns 6,275,356 shares

Negative

Insider sale: disposition of 96,989 shares reduces insider holdings, which some investors may view unfavorably
Limited price detail in filing: although a range and average are provided, the filer notes more granular price/lot data is available only upon request

Insights

TL;DR: Insider sold a small block to cover RSU taxes; transaction appears routine and non-material to company valuation.

The reported disposition of 96,989 shares at an average of $1.306 represents a targeted liquidity action tied to compensation, not an open-market directional bet against the company. With 6.28 million shares retained by the reporting person after the sale, the insider continues to hold a substantial stake. The filing explicitly states the purpose was to satisfy tax liabilities from RSU vesting and provides a price range for the multiple executions, improving transparency for investors.

TL;DR: Disclosure aligns with Section 16 requirements; sale for tax purposes is customary but worth noting given reporting personlassification.

Scot Cohen is identified as Executive Chairman, CEO, director and greater-than-10% owner, so adherence to timely reporting obligations is important for governance signaling. The explicit explanation of purpose and willingness to provide detailed execution prices supports good disclosure practice. There is no indication of unusual timing or related-party transactions in the filing text provided.

Insider Trade Summary

Net Seller: 96,989 shares ($126,668)

Net Sell 1 txn

Insider Cohen Scot

Role Executive Chairman and CEO

Sold 96,989 shs ($127K)

Type	Security	Shares	Price	Value
Sale	Common Stock	96,989	$1.306	$127K

Holdings After Transaction: Common Stock — 6,275,356 shares (Direct)

Footnotes (1)

The Reporting Person sold the shares of common stock, par value $0.0001 per share ("Common Stock"), for the purpose of satisfying certain tax liabilities attributable to the vesting and settlement of Restricted Stock Units. Represents the average price at which the reported shares of Common Stock were sold. The shares of Common Stock were sold in multiple transactions at prices ranging from $1.261 to $1.351, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price at which the transactions were effected.

Form 4 Insider Transactions: What Each Field Means →

09/03/2025 - 09:58 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Cohen Scot

(Last)

(First)

(Middle)

C/O WRAP TECHNOLOGIES, INC.

3480 MAIN HWY, SUITE 202

(Street)

MIAMI

33133

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
WRAP TECHNOLOGIES, INC. [ WRAP ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	Executive Chairman and CEO

3. Date of Earliest Transaction (Month/Day/Year)
08/29/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	08/29/2025		S⁽¹⁾		96,989	D	$1.306⁽²⁾	6,275,356	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. The Reporting Person sold the shares of common stock, par value $0.0001 per share ("Common Stock"), for the purpose of satisfying certain tax liabilities attributable to the vesting and settlement of Restricted Stock Units.

2. Represents the average price at which the reported shares of Common Stock were sold. The shares of Common Stock were sold in multiple transactions at prices ranging from $1.261 to $1.351, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price at which the transactions were effected.

	/s/ Scot Cohen	09/03/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

What did Scot Cohen (WRAP) report on Form 4?

He reported the sale of 96,989 shares of Wrap Technologies common stock on 08/29/2025 to satisfy tax liabilities from RSU vesting.

At what price were the WRAP shares sold?

The shares were sold at an average price of $1.306, with transaction prices ranging from $1.261 to $1.351.

How many WRAP shares does the reporting person own after the sale?

Following the reported transactions, the reporting person beneficially owned 6,275,356 shares (direct ownership).

Why were the WRAP shares sold according to the filing?

The filing states the shares were sold for the purpose of satisfying tax liabilities attributable to the vesting and settlement of Restricted Stock Units.