WRAP Technologies (WRAP) grants 1M options to President and COO

Rhea-AI Filing Summary

WRAP Technologies granted President and COO Jared Novick stock options to buy 1,000,000 shares of common stock at an exercise price of $2.18 per share on 02/01/2026.

The options expire on 02/01/2036. According to the terms, 25% of the options vested immediately on the grant date, and the remaining 75% will vest in three equal annual installments. Unvested options may vest faster if certain market capitalization milestones are achieved, but in all cases Novick must be employed or providing services to WRAP on each applicable vesting date.

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
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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^*

Novick Jared

(Last) (First) (Middle)

C/O WRAP TECHNOLOGIES, INC.

3480 MAIN HWY, SUITE 202

(Street)

MIAMI FL 33133

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
WRAP TECHNOLOGIES, INC. [ WRAP ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President and COO

3. Date of Earliest Transaction (Month/Day/Year)
02/01/2026

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

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

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

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

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
Stock Options (Right to Buy	$2.18	02/01/2026		A		1,000,000		(1)	02/01/2036	Common Stock	1,000,000	$0	1,000,000	D

Explanation of Responses:

1. 25% of the stock options vested on the date of grant and the remainder will vest ratably in three annual tranches thereafter; provided that any unvested stock options are subject to accelerated vesting upon the achievement of certain market capitalization milestones, provided further that, in each case, the Reporting Person is employed or providing services to the Issuer on the applicable vesting date.

	/s/ Jared Novick	02/03/2026
	** 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.

FAQ

What did WRAP (WRAP) disclose about Jared Novick in this Form 4?

WRAP reported that President and COO Jared Novick received stock options for 1,000,000 shares of common stock on February 1, 2026. These are derivative securities, giving him the right to buy shares at a fixed exercise price.

What are the key terms of Jared Novick’s 1,000,000 WRAP stock options?

The Form 4 shows 1,000,000 stock options with an exercise price of $2.18 per share and an expiration date of February 1, 2036. The options were granted at $0 cost to Novick as a compensation award.

How do the WRAP stock options granted to Jared Novick vest?

The filing states that 25% of the options vested on the grant date, with the remaining 75% vesting ratably in three annual tranches. Vesting depends on Novick continuing to be employed or providing services on each vesting date.

Are there any accelerated vesting conditions for Jared Novick’s WRAP options?

Yes. The footnote explains that any unvested options may vest early if WRAP achieves certain market capitalization milestones. Even with accelerated vesting, Novick must still be employed or providing services on the relevant vesting date.

How many WRAP derivative securities does Jared Novick hold after this grant?

After this transaction, the Form 4 reports that Jared Novick beneficially owns 1,000,000 stock options directly. These options each relate to one share of WRAP common stock, subject to the stated vesting and expiration terms.

Is Jared Novick’s ownership in WRAP direct or indirect according to the Form 4?

The filing classifies the options as held directly (D) by Jared Novick. There is no indication of indirect ownership through another entity, and the footnote does not disclaim beneficial ownership or voting/investment authority.