WRAP director receives 19,643-share RSU grant

SHULMAN JOHN D reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

SHULMAN JOHN D reported acquisition or exercise transactions in this Form 4 filing.

WRAP TECHNOLOGIES, INC. director John D. Shulman reported an equity grant in the form of restricted stock units (RSUs). He received 19,643 shares of common stock at a price of $0.00 per share as a grant or award, rather than an open‑market purchase.

According to the footnotes, 12,768 of these RSUs vested on the grant date, and the remaining units vest in eight equal monthly tranches. After this grant, he holds 99,037 shares directly and 250,000 shares indirectly through Juggernaut Management, LLC, an entity associated with him where he may be deemed to have a pecuniary interest.

Insider Trade Summary

Grant/Award: 19,643 shares

Grant/Award 2 txns

Insider SHULMAN JOHN D

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	19,643	$0.00	$0.00
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 99,037 shares (Direct); Common Stock — 250,000 shares (Indirect, By Juggernaut Management, LLC)

Footnotes (2)

1. F1. Represents a grant of Restricted Stock Units ("RSUs"). On the date of grant, 12,768 of the RSUs vested and the remainder of the RSUs vest ratably in eight monthly tranches.
2. F2. The reported securities are directly owned by Juggernaut Management, LLC ("Juggernaut") and may be deemed to be beneficially owned by the Reporting Person as Manager of Juggernaut. The Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.

Key Figures

RSU grant size: 19,643 shares Immediate RSU vesting: 12,768 RSUs Remaining RSU vesting: 8 tranches +2 more

5 metrics

RSU grant size 19,643 shares Common Stock grant at $0.00 per share

Immediate RSU vesting 12,768 RSUs Vested on the grant date

Remaining RSU vesting 8 tranches Ratable monthly vesting schedule

Direct holdings after grant 99,037 shares Common Stock held directly by Shulman

Indirect holdings via Juggernaut 250,000 shares Common Stock held by Juggernaut Management, LLC

Key Terms

Restricted Stock Units ("RSUs"), vest ratably, beneficially owned, pecuniary interest

4 terms

Restricted Stock Units ("RSUs") financial

"Represents a grant of Restricted Stock Units ("RSUs"). On the date of grant, 12,768 of the RSUs vested"

Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.

vest ratably financial

"the remainder of the RSUs vest ratably in eight monthly tranches"

beneficially owned financial

"and may be deemed to be beneficially owned by the Reporting Person as Manager of Juggernaut"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

pecuniary interest financial

"disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did WRAP director John D. Shulman report?

John D. Shulman reported an equity grant of 19,643 WRAP common shares via restricted stock units. The grant was recorded at $0.00 per share and represents compensation, not an open‑market purchase, according to the Form 4 transaction details and accompanying footnotes.

How do the WRAP RSUs granted to John D. Shulman vest?

The RSUs granted to John D. Shulman vest partly at grant and partly over time. On the grant date, 12,768 RSUs vested immediately. The remaining units vest ratably in eight monthly tranches, creating a short vesting schedule tied to continued service.

How many WRAP shares does John D. Shulman hold after this Form 4 filing?

After the reported transactions, John D. Shulman holds 99,037 WRAP common shares directly. He is also associated with 250,000 additional shares held indirectly through Juggernaut Management, LLC, which may be deemed beneficially owned to the extent of his pecuniary interest.

Is the WRAP Form 4 transaction a market buy or sell of shares?

The Form 4 transaction is not a market buy or sell. It reflects a grant or award acquisition of 19,643 WRAP shares via restricted stock units at $0.00 per share, a compensation-related event rather than an open‑market purchase or sale of existing shares.

What is Juggernaut Management, LLC’s role in John D. Shulman’s WRAP holdings?

Juggernaut Management, LLC directly owns 250,000 WRAP shares reported on the Form 4. As Manager of Juggernaut, Shulman may be deemed to beneficially own these shares, but he disclaims beneficial ownership except for his pecuniary interest in the entity’s holdings.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/04/2026 - 05:00 PM Learn about SEC filing dates

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^*

SHULMAN JOHN D

(Last) (First) (Middle)

C/O WRAP TECHNOLOGIES, INC.

3480 MAIN HWY, SUITE 202

(Street)

MIAMI FLORIDA 33133

(City) (State) (Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026

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

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

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

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	04/01/2026		A		19,643	A	$0(1)	99,037	D
Common Stock								250,000	I	By Juggernaut Management, LLC(2)

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"). On the date of grant, 12,768 of the RSUs vested and the remainder of the RSUs vest ratably in eight monthly tranches.

2. The reported securities are directly owned by Juggernaut Management, LLC ("Juggernaut") and may be deemed to be beneficially owned by the Reporting Person as Manager of Juggernaut. The Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.

	/s/ John Shulman	05/04/2026
	** 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.
* Form 4: SEC 1474 (03-26)