WRAP Form 4: Director Jared Novick disposes 96,988 shares to cover RSU taxes

Rhea-AI Filing Summary

Jared Novick, President and COO of Wrap Technologies, Inc. (WRAP) and a director and >10% owner, reported a sale of common stock on 08/29/2025 to satisfy tax liabilities from the vesting and settlement of restricted stock units. The filing shows 96,988 shares sold with an average sale price of $1.306, with transaction prices ranging from $1.261 to $1.351. After the reported sale, the filing states Mr. Novick beneficially owns 153,012 shares directly. The Form 4 is signed by Mr. Novick on 09/03/2025.

Positive

• Clear disclosure of the sale purpose: shares sold to satisfy tax liabilities from RSU vesting
• Price range provided ($1.261 to $1.351) and an average sale price ($1.306) improve transparency
• Post-transaction ownership disclosed: 153,012 shares held directly

Negative

• Sale by a director/officer and >10% owner reduces insider-held shares, which some investors may view negatively
• Form does not specify the exact number of shares sold at each individual price (though the filer offers to provide on request)

Insights

Securities Analyst

TL;DR: Insider sold shares to cover tax obligations after RSU vesting; remaining direct ownership is disclosed.

The Form 4 discloses a non-derivative disposal by Jared Novick of 96,988 common shares on 08/29/2025. The filing explicitly states the sale was executed to satisfy tax liabilities arising from the vesting and settlement of restricted stock units, and that shares were sold across multiple transactions at prices between $1.261 and $1.351, averaging $1.306. Post-transaction direct beneficial ownership is 153,012 shares. This is a routine, non-purposeful sale related to compensation tax obligations rather than a demonstrated change in view on company fundamentals; the filing provides the seller's undertaking to disclose per-price allocation upon request, which preserves transaction transparency.

Corporate Governance Expert

TL;DR: Director/officer sale tied to RSU tax settlement; disclosure aligns with Section 16 reporting requirements.

The report identifies Jared Novick as a director, officer (President and COO), and >10% owner, and documents the disposal of 96,988 common shares on 08/29/2025. The explanatory footnote clarifies the tax-driven purpose of the sale and that trades occurred at multiple prices within a narrow band. The Form 4 is properly signed and quantifies post-sale direct ownership. From a governance and compliance standpoint, the filing furnishes required detail and offers further price-by-price allocation on request, satisfying transparency expectations for insider transactions.

Insider Trade Summary

Net Seller: 96,988 shares ($126,666)

Net Sell 1 txn

Insider Novick Jared

Role President and COO

Sold 96,988 shs ($127K)

Type	Security	Shares	Price	Value
Sale	Common Stock	96,988	$1.306	$127K

Holdings After Transaction: Common Stock — 153,012 shares (Direct)

Footnotes (1)

1. The Reporting Person sold the shares of common stock, par value $0.0001 per share ("Common Stock"), for the purpose of satisfying certain tax liabilities attributable to the vesting and settlement of Restricted Stock Units. Represents the average price at which the reported shares of Common Stock were sold. The shares of Common Stock were sold in multiple transactions at prices ranging from $1.261 to $1.351, 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 at which the transactions were effected.

Form 4 Insider Transactions: What Each Field Means →

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
Estimated average burden
hours per response:			0.5

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)

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

3. Date of Earliest Transaction (Month/Day/Year)
08/29/2025

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	08/29/2025		S(1)		96,988	D	$1.306(2)	153,012	D

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 Reporting Person sold the shares of common stock, par value $0.0001 per share ("Common Stock"), for the purpose of satisfying certain tax liabilities attributable to the vesting and settlement of Restricted Stock Units.

2. Represents the average price at which the reported shares of Common Stock were sold. The shares of Common Stock were sold in multiple transactions at prices ranging from $1.261 to $1.351, 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 at which the transactions were effected.

	/s/ Jared Novick	09/03/2025
	** 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 Jared Novick report on the WRAP Form 4?

The filing reports a sale of 96,988 shares on 08/29/2025 to satisfy tax liabilities from RSU vesting, leaving 153,012 shares beneficially owned.

At what prices were WRAP shares sold by the insider?

The shares were sold in multiple transactions at prices ranging from $1.261 to $1.351, with an average price of $1.306.

What positions does Jared Novick hold at Wrap Technologies (WRAP)?

The Form 4 identifies Jared Novick as President and COO, a director, and a reported 10% owner of WRAP.

When was the Form 4 signed?

The Form 4 bears the signature of Jared Novick dated 09/03/2025.

Why were the shares sold according to the filing?

The filing states the shares were sold for the purpose of satisfying certain tax liabilities attributable to the vesting and settlement of Restricted Stock Units.