WRAP ten percent owner sells 189K shares

WRAP TECHNOLOGIES, INC. insider Elwood G Norris, a ten percent owner, reported a series of indirect open-market sales of common stock held by a Family Trust.

Rhea-AI Filing Summary

WRAP TECHNOLOGIES, INC. insider Elwood G Norris, a ten percent owner, reported a series of indirect open-market sales of common stock held by a Family Trust. Between February 2 and February 10, 2026, the trust sold a total of 189,095 shares at prices around $1.82–$2.20 per share. After these transactions, the trust continued to hold 5,113,938 shares of WRAP common stock indirectly attributed to Norris.

Insider Trade Summary

Net Seller: 189,095 shares

Net Sell 5 txns

Insider NORRIS ELWOOD G

Role 10% Owner

Sold 189,095 shs ($364K)

Type	Security	Shares	Price	Value
Sale	Common Stock	27,104	$1.8186	$49K
Sale	Common Stock	35,000	$1.8164	$64K
Sale	Common Stock	75,000	$1.8743	$141K
Sale	Common Stock	20,000	$2.201	$44K
Sale	Common Stock	31,991	$2.0768	$66K

Holdings After Transaction: Common Stock — 5,113,938 shares (Indirect, By Family Trust)

Footnotes (5)

1. F1. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $2.04 to $2.10 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 2 decimal points.
2. F2. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $1,985 to $2.08 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 3 decimal points.
3. F3. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $1.85 to $1.90, 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 2 decimal points.
4. F4. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $1.795 to $1.825, 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 3 decimal points.
5. F5. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $1.80 to $1.232, 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 3 decimal points.

Key Figures

Shares sold: 189,095 shares Post-transaction holdings: 5,113,938 shares Sale on Feb 10, 2026: 27,104 shares at $1.8186 +4 more

7 metrics

Shares sold 189,095 shares Total common stock sold across five transactions in February 2026

Post-transaction holdings 5,113,938 shares WRAP common stock indirectly held by Family Trust after final sale

Sale on Feb 10, 2026 27,104 shares at $1.8186 Open-market sale of WRAP common stock by Family Trust

Sale on Feb 9, 2026 35,000 shares at $1.8164 Open-market sale of WRAP common stock by Family Trust

Sale on Feb 6, 2026 75,000 shares at $1.8743 Open-market sale of WRAP common stock by Family Trust

Sale on Feb 3, 2026 20,000 shares at $2.2010 Open-market sale of WRAP common stock by Family Trust

Sale on Feb 2, 2026 31,991 shares at $2.0768 Open-market sale of WRAP common stock by Family Trust

Key Terms

open-market sale, weighted average price, Family Trust, ten percent owner, +1 more

5 terms

open-market sale financial

"transaction_action: "open-market sale" for each common stock transaction"

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

weighted average price financial

"The price reported in Column 4 is a weighted average price."

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

Family Trust financial

"nature_of_ownership: "By Family Trust" for each indirect holding entry"

ten percent owner financial

"is_ten_percent_owner: 1 for reporting person NORRIS ELWOOD G"

indirect ownership financial

"ownership_type: "indirect" and ownership_code: "I" on each transaction"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider activity did WRAP (WRAP) report in this Form 4?

WRAP reported that a Family Trust associated with ten percent owner Elwood G Norris completed several open-market sales of common stock. Across five transactions in early February 2026, the trust disposed of 189,095 shares while remaining a large indirect shareholder of the company.

How many WRAP shares were sold by the Family Trust for Elwood G Norris?

The Form 4 shows that the Family Trust sold a total of 189,095 WRAP common shares. These disposals occurred over five trading days and were all reported as open-market sales, reducing but not eliminating the trust’s sizable indirect stake in the company.

Over what dates did the WRAP insider sales by the Family Trust occur?

The reported WRAP insider sales occurred between February 2 and February 10, 2026. During this period, the Family Trust executed five separate open-market transactions, each disclosed with its own trade date and weighted average sale price per share in the filing details.

What prices were received in the WRAP insider share sales?

Each WRAP sale is reported with a weighted average price. Individual transactions list per-share amounts such as $2.2010, $2.0768, $1.8743, $1.8164, and $1.8186, with footnotes explaining that actual trade prices fell within stated ranges around these averages.

How many WRAP shares does the Family Trust hold after these Form 4 sales?

After the final reported transaction, the Form 4 states that the Family Trust holds 5,113,938 WRAP common shares indirectly for Elwood G Norris. This post-transaction figure reflects the position remaining following the aggregate sale of 189,095 shares during early February 2026.

Were derivatives or options involved in this WRAP Form 4 filing?

No derivative transactions are shown in this Form 4. All reported WRAP trades involve non-derivative common stock, coded as open-market sales, and the derivative summary section in the provided data does not list any option or warrant positions for this reporting period.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/05/2026 - 01:16 PM Learn about SEC filing dates

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

X

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 CALIFORNIA 92064

(City) (State) (Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

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

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

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

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

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	02/02/2026		S		31,991	D	$2.0768(1)	5,268,033	I	By Family Trust
Common Stock	02/03/2026		S		20,000	D	$2.201(2)	5,236,042	I	By Family Trust
Common Stock	02/06/2026		S		75,000	D	$1.8743(3)	5,216,042	I	By Family Trust
Common Stock	02/09/2026		S		35,000	D	$1.8164(4)	5,141,042	I	By Family Trust
Common Stock	02/10/2026		S		27,104	D	$1.8186(5)	5,113,938	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 $2.04 to $2.10 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 2 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 $1,985 to $2.08 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 3 decimal points.

3. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $1.85 to $1.90, 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 2 decimal points.

4. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $1.795 to $1.825, 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 3 decimal points.

5. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $1.80 to $1.232, 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 3 decimal points.

Remarks:

As a result of the foregoing sales, Mr. Norris no longer beneficially owns 10% or more of the Common Stock. Subsequent sales by Mr. Norris have not been listed. Mr. Norris has not made any purchases of the Common Stock since February 10, 2026.

	/s/ Elwood Norris	05/04/2026
	** 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.
* Form 4: SEC 1474 (03-26)