WRAP CEO receives stock dividend share awards
WRAP TECHNOLOGIES, INC.
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Form Type
4
Rhea-AI Filing Summary
WRAP TECHNOLOGIES, INC. Executive Chairman and CEO Scot Cohen reported routine share awards tied to preferred stock dividends. On dividend payment in kind, an entity associated with him, V4 Global LLC, acquired 4,763 shares of common stock, and he directly acquired 3,402 shares, both at no cash cost.
Following these transactions, Cohen’s indirect holdings through V4 Global LLC increased to 1,978,034 common shares, while his direct holdings rose to 6,563,239 common shares. No open‑market purchases or sales were reported, and no derivative securities remain disclosed in this filing.
Insider Trade Summary
Grant/Award: 8,165 shares
Grant/Award
2 txns
Insider
Cohen Scot
Role
Executive Chairman and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 4,763 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 3,402 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 1,978,034 shares (Indirect, By V4 Global LLC);
Common Stock — 6,563,239 shares (Direct)
Footnotes (2)
- F1. 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.
- F2. 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
Indirect shares acquired: 4,763 shares
Direct shares acquired: 3,402 shares
Indirect holdings after transaction: 1,978,034 shares
+3 more
6 metrics
Indirect shares acquired
4,763 shares
Common Stock issued to V4 Global LLC as dividend on Series A Convertible Preferred
Direct shares acquired
3,402 shares
Common Stock awarded to Scot Cohen as dividend on Series A Convertible Preferred
Indirect holdings after transaction
1,978,034 shares
Common Stock held indirectly through V4 Global LLC after the award
Direct holdings after transaction
6,563,239 shares
Common Stock held directly by Scot Cohen after the award
Award price per share
$0.00 per share
Dividend payment in kind on Series A Convertible Preferred Stock
Transactions classified as acquisitions
2 transactions
Form 4 transaction summary shows acquireCount of 2 and no sales
Key Terms
Form 4, Series A Convertible Preferred Stock, beneficial ownership, pecuniary interest, +1 more
5 terms
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
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.
beneficial ownership financial
"may be deemed to be beneficially owned by the Reporting Person"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest"
grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider activity did WRAP (WRAP) report for Scot Cohen?
WRAP reported that Executive Chairman and CEO Scot Cohen acquired additional common shares as stock dividends. V4 Global LLC received 4,763 shares indirectly for him, and he directly received 3,402 shares, all at zero price as payment of dividends on Series A Convertible Preferred Stock.
Does this WRAP Form 4 indicate any insider selling activity?
No, the Form 4 shows no selling. The transaction summary reports two “A” code acquisitions and zero sales or dispositions. All reported shares were issued as stock dividends on Series A Convertible Preferred Stock, with no open‑market disposals or tax-withholding sales disclosed.
AI-generated analysis. How Rhea-AI works. Not financial advice.
