WRAP (WRAP) director receives stock options on 34,998 common shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
WRAP TECHNOLOGIES, INC. director Marc Savas reported receiving a stock option grant covering 34,998 shares of Common Stock. The option has an exercise price of $1.45 per share, was granted on July 1, 2026, and is scheduled to expire on July 1, 2036. Following this grant, he holds 34,998 derivative securities directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Savas Marc
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 34,998 | $0.00 | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 34,998 shares (Direct, null)
Footnotes (1)
Key Figures
Option grant size: 34,998 shares
Exercise price: $1.45 per share
Expiration date: July 1, 2036
+1 more
4 metrics
Option grant size
34,998 shares
Stock Option (Right to Buy) granted July 1, 2026
Exercise price
$1.45 per share
Exercise price for the stock option
Expiration date
July 1, 2036
Option term end date
Holdings after transaction
34,998 derivative securities
Total stock options held directly after grant
Key Terms
Stock Option (Right to Buy), exercise price, expiration date, Common Stock
4 terms
Stock Option (Right to Buy) financial
"security_title: "Stock Option (Right to Buy)""
exercise price financial
"conversion_or_exercise_price: "1.4500" per share"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
expiration date financial
"expiration_date: "2036-07-01T00:00:00.000Z""
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.
Common Stock financial
"underlying_security_title: "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What did WRAP (WRAP) director Marc Savas report in this Form 4?
Director Marc Savas reported receiving a stock option grant for 34,998 shares of WRAP Common Stock. The option is a compensation-related award, not an open-market purchase or sale, and gives him the right to buy shares at a fixed exercise price.
What is the exercise price of Marc Savas’s WRAP stock options?
The stock option has an exercise price of $1.45 per share. This means Savas can acquire WRAP Common Stock at $1.45 per share if and when he chooses to exercise the option during its term.
When do Marc Savas’s WRAP stock options expire?
The reported stock option expires on July 1, 2036. After that expiration date, the option can no longer be exercised, and the right to buy the 34,998 underlying WRAP shares will lapse.
Is Marc Savas’s WRAP Form 4 transaction a market buy or sell?
This Form 4 reports a grant or award acquisition of stock options, not a market buy or sell. The transaction gives Savas the right to purchase WRAP shares in the future at a fixed exercise price of $1.45.