Wrap Technologies (WRAP) chief reports stock awards and dividend shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
WRAP Technologies Executive Chairman and CEO Scot Cohen reported stock acquisitions on Form 4. On March 4, 2026, an entity called V4 Global LLC received 38,740 shares of common stock, issued as a dividend payment on Series A Convertible Preferred Stock. These securities are directly owned by V4 Global LLC and may be deemed beneficially owned by Cohen as its managing member, although he disclaims beneficial ownership except for his pecuniary interest.
On the same date, Cohen also reported a separate grant or award acquisition of 27,672 shares of common stock held directly. After this direct transaction, his direct holdings totaled 6,559,837 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Cohen Scot
Role
Executive Chairman and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 38,740 | $0.00 | -- |
| Grant/Award | Common Stock | 27,672 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 1,973,271 shares (Indirect, By V4 Global LLC);
Common Stock — 6,559,837 shares (Direct)
Footnotes (1)
- 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. 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.
FAQ
What insider stock transactions did WRAP’s Scot Cohen report on this Form 4?
Scot Cohen reported two stock acquisitions. V4 Global LLC received 38,740 WRAP common shares as a dividend on Series A Convertible Preferred Stock, and Cohen directly acquired 27,672 common shares as a grant or award on March 4, 2026.
Were Scot Cohen’s WRAP stock transactions open-market purchases or awards?
The Form 4 characterizes both transactions as grant, award, or other acquisitions. One was a stock issuance as a dividend on Series A Convertible Preferred Stock to V4 Global LLC, and the other was a direct grant or award of 27,672 common shares to Cohen.
What is the nature of Scot Cohen’s indirect ownership in WRAP through V4 Global LLC?
The filing lists Cohen’s ownership of 38,740 WRAP shares as indirect, held “By V4 Global LLC.” V4 directly owns the securities, and Cohen may be deemed a beneficial owner as managing member, while disclaiming beneficial ownership beyond his pecuniary interest.