Family trust linked to Wrap Technologies (WRAP) sells shares at $2.4619 and $2.207

Rhea-AI Filing Summary

Wrap Technologies insider activity: A family trust associated with 10% owner Elwood G. Norris reported two open-market sales of WRAP common stock. On January 28, 2026, the trust sold 68,020 shares at a weighted average price of $2.4619, and on January 29, 2026 it sold 80,000 shares at a weighted average price of $2.207. The prices reflect multiple trades in ranges from $2.44–$2.52 and $2.14–$2.26, respectively. After these transactions, the trust indirectly held 5,303,033 WRAP shares.

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

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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^*

NORRIS ELWOOD G

(Last) (First) (Middle)

15891 BLUE CRYSTAL TRAIL

(Street)

POWAY CA 92064

(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	X	10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
01/28/2026

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
Common Stock	01/28/2026		S		68,020	D	$2.4619(1)	5,383,033	I	By Family Trust
Common Stock	01/29/2026		S		80,000	D	$2.207(2)	5,303,033	I	By Family Trust

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. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $2.4400 to $2.5200, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote (1) of this Form 4. The amount reflected has been rounded to 4 decimal points.

2. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $2.1400 to $2.2600, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote (2) of this Form 4. The amount reflected has been rounded to 4 decimal points.

	/s/ Elwood Norris	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 insider transactions did WRAP (WRAP) report in this Form 4?

The filing shows a family trust associated with 10% owner Elwood G. Norris sold 68,020 WRAP shares on January 28, 2026 and 80,000 shares on January 29, 2026, both in open-market transactions at weighted average prices.

Who executed the WRAP (WRAP) share sales disclosed in this Form 4?

The sales were executed by a family trust, reported as "By Family Trust" under indirect ownership for 10% owner Elwood G. Norris. This means the trust, not Norris directly, holds and sold the WRAP common stock reported.

At what prices were WRAP (WRAP) shares sold in the reported transactions?

On January 28, 2026, the weighted average sale price was $2.4619 per share, with trades between $2.44 and $2.52. On January 29, 2026, the weighted average price was $2.207 per share, with trades between $2.14 and $2.26.

How many WRAP (WRAP) shares does the reporting trust hold after these sales?

After the January 29, 2026 sale, the family trust beneficially owned 5,303,033 WRAP common shares indirectly. This figure reflects the position following both reported transactions in the Form 4 filing.

What do the weighted average prices in the WRAP (WRAP) Form 4 mean?

Weighted average prices indicate shares were sold in multiple trades at different prices within stated ranges. The filing notes ranges of $2.44–$2.52 and $2.14–$2.26, and the insider offers to provide detailed trade breakdowns upon request.

Is the WRAP (WRAP) reporting person a significant shareholder?

Yes. The Form 4 identifies Elwood G. Norris as a 10% owner of Wrap Technologies, Inc. The reported holdings of 5,303,033 WRAP shares are held indirectly through a family trust, as disclosed in the ownership details.