Timothy Szymanski receives 13,940 RSUs at WRAP; 9,061 vested

Rhea-AI Filing Summary

WRAP Technologies, Inc. director Timothy Szymanski reported a grant of 13,940 Restricted Stock Units (RSUs) on 10/01/2025 related to board service for the quarter ended 9/30/2025. On the grant date 9,061 RSUs vested immediately; the remainder vests ratably in eight monthly tranches. The filing shows 124,506 shares beneficially owned by the reporting person after the grant. The reported grant has a $0 per‑share price because it represents RSUs, not a purchased security. The form is a routine Section 16 filing documenting an equity award and the subsequent vesting schedule for an officer/director.

Positive

• 13,940 RSUs granted to a director demonstrates board compensation aligned with shareholders
• 9,061 RSUs vested immediately, increasing the reporting person's direct ownership to 124,506 shares

Negative

• Remaining RSUs vest over eight months, introducing a schedule of additional share issuances during that period
• Grant reported at $0 indicates equity compensation rather than cash purchase, which may have dilution implications for existing holders

Insights

Corporate Governance Analyst

Director received RSUs with partial immediate vesting to align incentives.

The grant of 13,940 RSUs on 10/01/2025 included 9,061 shares that vested immediately, increasing the director's direct ownership to 124,506 shares. Immediate vesting of a material portion of an award typically strengthens near‑term alignment between the director and shareholders because vested shares carry full ownership rights.

Remaining RSUs vest ratably over eight monthly tranches, which phases additional share delivery across the next eight months and creates a predictable schedule of incremental ownership changes through that period.

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^*

Szymanski Timothy

(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)
10/01/2025

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	10/01/2025		A		13,940	A	$0(1)	124,506	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 September 30, 2025. On the date of grant, 9,061 of the RSUs vested and the remainder of the RSUs vest ratably in eight monthly tranches.

	/s/ Timothy Szymanski	10/08/2025
	** 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.

FAQ

What did WRAP (WRAP) report on the Form 4 filed by Timothy Szymanski?

The Form 4 reports a grant of 13,940 RSUs on 10/01/2025, with 9,061 RSUs vesting immediately and the remainder vesting in eight monthly tranches.

How many shares does the reporting person own after the transaction?

The filing shows the reporting person beneficially owns 124,506 shares following the reported grant.

What price was reported for the RSU grant on the Form 4?

The RSU grant is reported with a price of $0, reflecting that these are restricted stock units rather than a market purchase.

When did part of the RSU award vest for the director?

On the grant date 10/01/2025, 9,061 of the RSUs vested immediately; the rest vest ratably over the next eight months.

Is this Form 4 filing an individual filing or a joint filing?

The filing is indicated as a Form filed by One Reporting Person (individual filing).