Wrap Technologies (WRAP) director receives 50K options at $2.18

Rhea-AI Filing Summary

Wrap Technologies director Rajiv Srinivasan reported a new stock option grant. On February 1, 2026, he received a stock option to buy 50,000 shares of Wrap Technologies common stock at an exercise price of $2.18 per share, expiring on February 1, 2036.

According to the filing, 16,500 options vested on the grant date, and the remaining options will vest ratably in three annual tranches thereafter, provided that he is employed or providing services to the company on each vesting date. After this grant, he beneficially owns 50,000 derivative securities directly.

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^*

Srinivasan Rajiv

(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)

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

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 Option (Right to Buy)	$2.18	02/01/2026		A		50,000		(1)	02/01/2036	Common Stock	50,000	$0	50,000	D

Explanation of Responses:

1. 16,500 of the stock options vested on the date of grant and the remainder will vest ratably in three annual tranches thereafter, provided that the Reporting Person is employed or providing services to the Issuer on the applicable vesting date

	/s/ Rajiv Srinivasan	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 transaction did WRAP director Rajiv Srinivasan report?

Rajiv Srinivasan reported receiving a stock option grant from Wrap Technologies. The award covers 50,000 shares of common stock, giving him the right to buy these shares at a fixed exercise price if vesting and service conditions are satisfied.

How many Wrap Technologies (WRAP) options were granted to Rajiv Srinivasan?

He was granted stock options covering 50,000 shares of Wrap Technologies common stock. These derivative securities are held directly and increase his beneficial ownership of options to 50,000 following the reported transaction on February 1, 2026.

What is the exercise price and term of Rajiv Srinivasan’s WRAP stock options?

The stock options have an exercise price of $2.18 per share and expire on February 1, 2036. This means he can purchase Wrap Technologies common shares at $2.18 any time after vesting and before the expiration date, subject to plan terms.

How do the new WRAP stock options vest for director Rajiv Srinivasan?

16,500 of the options vested immediately on the grant date. The remaining options vest in three equal annual tranches, provided that he is employed or providing services to Wrap Technologies on each applicable vesting date stated in the grant terms.

Did the WRAP Form 4 filing report any stock sales by Rajiv Srinivasan?

No stock sales were reported in this Form 4. The filing shows an acquisition of derivative securities, specifically a grant of 50,000 stock options, rather than any disposition of Wrap Technologies common shares or options.

Is Rajiv Srinivasan a director or officer of Wrap Technologies in this filing?

The filing identifies Rajiv Srinivasan as a director of Wrap Technologies and not as an officer. The officer box is unchecked, while the director box is marked, indicating his relationship to the issuer in this insider transaction report.