Wrap Technologies Form 4: Rajiv Srinivasan Adds 19K RSUs in Board Compensation

Rhea-AI Filing Summary

Wrap Technologies, Inc. (WRAP) – Form 4 insider filing dated 07/03/2025

Director Rajiv Srinivasan reported the award of 19,391 Restricted Stock Units (RSUs) on 07/01/2025 for board service covering the quarter ended 06/30/2025. The grant carries a cost basis of $0 because it is equity compensation, not an open-market purchase. According to the footnote, 12,604 RSUs vested immediately, with the remaining RSUs vesting in eight equal monthly tranches, providing a steady cadence of share delivery through early-2026. Following the grant, Srinivasan’s direct beneficial ownership increased to 115,111 common shares.

The filing reflects routine board compensation rather than discretionary insider buying. Nevertheless, the additional equity strengthens management alignment with shareholder interests and signals continued board engagement. No derivative securities were involved, and there is no indication of share sales or other disposition.

Positive

• Director’s ownership increases to 115,111 shares, marginally enhancing alignment with shareholders.
• Eight-month vesting schedule encourages continued board engagement and long-term oversight.

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Routine RSU grant lifts director’s stake to 115k shares; neutral governance impact, modest alignment benefit.

The grant is standard quarterly compensation for non-employee directors and does not represent open-market conviction buying. Immediate vesting of roughly two-thirds (12,604 shares) provides current ownership while the eight-month vesting schedule helps with long-term alignment. The total stake—115,111 shares—gives the director a meaningful exposure to WRAP’s share price, though it remains small relative to public float and won’t materially alter ownership structure. Investors should view the event as neutral from a valuation standpoint; it neither signals insider optimism nor raises dilution concerns, as the share count impact is de minimis.

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
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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^*

Srinivasan Rajiv

(Last) (First) (Middle)

C/O WRAP TECHNOLOGIES, INC.

3480 MAIN HWY, SUITE 202

(Street)

MIAMI FL 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		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
07/01/2025

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	07/01/2025		A		19,391	A	$0(1)	115,111	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents a grant of Restricted Stock Units ("RSUs"). The RSUs were granted in connection with the Reporting Person's service on the Issuer's Board of Directors for the quarter ended June 30, 2025. On the date of grant, 12,604 of the RSUs vested and the remainder of the RSUs vest ratably in eight monthly tranches.

	/s/ Rajiv Srinivasan	07/03/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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FAQ

How many WRAP shares did Director Rajiv Srinivasan receive on 07/01/2025?

19,391 RSUs were granted as part of quarterly board compensation.

What portion of the RSUs vested immediately?

12,604 RSUs vested on the grant date.

What is the director’s total WRAP share ownership after the grant?

Following the transaction, Srinivasan directly owns 115,111 common shares.

Was this an open-market purchase?

No. The shares were issued at $0 cost as equity compensation, not bought on the market.

When will the remaining RSUs vest?

The balance will vest ratably over eight monthly tranches through early-2026.