WRAP Technologies (NASDAQ: WRAP) director receives 3,346 RSUs
Rhea-AI Filing Summary
WRAP Technologies director Rajiv Srinivasan reported an equity award of 3,346 shares of common stock through a grant of restricted stock units (RSUs). The award was recorded at a price of $0 per share, reflecting that it is a compensatory grant rather than an open‑market purchase.
According to the terms, 1,004 of the RSUs vested on the January 12, 2026 grant date, and the remaining units vest in eleven equal monthly tranches. After this grant, Srinivasan beneficially owns 145,107 shares of WRAP common stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 3,346 shares
Net Buy
1 txn
Insider
Srinivasan Rajiv
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 3,346 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 145,107 shares (Direct)
Footnotes (1)
- F1. Represents a grant of Restricted Stock Units ("RSUs"). On the date of grant, 1,004 of the RSUs vested and the remainder of the RSUs vest ratably in eleven monthly tranches.
FAQ
What insider transaction did WRAP (WRAP) disclose for Rajiv Srinivasan?
The company reported that director Rajiv Srinivasan received 3,346 shares of WRAP common stock via a grant of restricted stock units (RSUs) on January 12, 2026.
How do the granted RSUs to WRAP director Rajiv Srinivasan vest?
On the grant date, 1,004 RSUs vested immediately, and the remaining RSUs vest ratably in eleven monthly tranches, providing monthly vesting over the following months.
What is Rajiv Srinivasan’s role at WRAP Technologies?
The reporting person, Rajiv Srinivasan, is identified as a director of WRAP Technologies and is not listed as a 10% owner or officer in this report.
Did the WRAP director use a Rule 10b5-1 trading plan for this transaction?
The form includes a checkbox for transactions under a Rule 10b5-1(c) trading plan, but the provided content does not indicate that this particular RSU grant was made under such a plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.