Wrap Technologies (WRAP) director awarded 100,000 stock options

Rhea-AI Filing Summary

Wrap Technologies director Bruce Bernstein reported a new stock option grant. On February 1, 2026, he received a stock option to buy 100,000 shares of Wrap Technologies common stock at an exercise price of $2.18 per share, expiring on February 1, 2036.

According to the filing, 33,000 options vested immediately on the grant date. The remaining options will vest in three equal annual tranches, as long as Bernstein continues to be employed by or provide services to the company on each vesting date. After this grant, he beneficially owns 100,000 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

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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^*

Bernstein Bruce

(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		100,000		(1)	02/01/2036	Common Stock	100,000	$0	100,000	D

Explanation of Responses:

1. 33,000 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/ Bruce Bernstein	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 Bruce Bernstein report in this Form 4 for WRAP?

Bruce Bernstein reported receiving a new stock option grant. On February 1, 2026, he was granted options to purchase 100,000 shares of Wrap Technologies common stock at a $2.18 exercise price, with vesting spread over several years.

How many Wrap Technologies shares are covered by Bruce Bernstein’s option grant?

The option grant covers 100,000 shares of common stock. These are derivative securities, giving Bernstein the right to buy 100,000 Wrap Technologies shares at $2.18 per share if and when the options are exercised.

What is the exercise price and expiration date of Bruce Bernstein’s WRAP options?

The options have a $2.18 exercise price and expire on February 1, 2036. This means Bernstein can choose to buy Wrap Technologies shares at $2.18 any time before that expiration, subject to the vesting schedule.

How do Bruce Bernstein’s Wrap Technologies stock options vest?

Vesting is partly immediate and partly over three years. The filing states 33,000 options vested on the grant date, while the remaining options vest in three equal annual tranches if Bernstein continues providing services on each vesting date.

What is Bruce Bernstein’s role at Wrap Technologies in this filing?

Bruce Bernstein is identified as a director of Wrap Technologies. The Form 4 checks the box for director and shows that the newly granted stock options, totaling 100,000 derivative securities, are held as direct beneficial ownership.

How many derivative securities does Bruce Bernstein own after this WRAP transaction?

After the reported transaction, Bernstein beneficially owns 100,000 derivative securities. These represent the stock options granted on February 1, 2026, giving him the right to acquire 100,000 shares of Wrap Technologies common stock if exercised.