[Form 4] WRAP TECHNOLOGIES, INC. Insider Trading Activity

Rhea-AI Filing Summary

Reporting person: Rajiv Srinivasan, a director of Wrap Technologies, Inc. (WRAP), reported a grant of 13,940 restricted stock units (RSUs) on 10/01/2025. The filing shows 9,061 RSUs vested on the grant date and the remaining RSUs vest ratably in eight monthly tranches, creating a near-term vesting schedule. After the grant, the reporting person beneficially owns 129,051 common shares, held directly. The Form 4 was signed on 10/07/2025.

Positive

• 13,940 RSUs granted increases director's equity stake, promoting alignment with shareholders
• 9,061 RSUs vested immediately, delivering near-term alignment without long cliffs
• Remaining RSUs vest monthly over 8 months, supporting short-term retention

Negative

• Immediate vesting of majority reduces long-term retention leverage compared with multi-year vesting
• No cash exercise price noted (price reported as $0), which may dilute at issuance

Insights

Compensation & Insider Remuneration Analyst

Director received RSUs with immediate and short-term vesting, increasing aligned ownership.

The grant of 13,940 RSUs, with 9,061 vesting immediately and the remainder vesting over the next eight months, is a compensation action tied to board service for the quarter ended 9/30/2025. Immediate vesting of a majority of the award provides near-term economic value to the director while the monthly tranches create a short runway for continued alignment.

This structure reduces long cliff waits and encourages retention through the next 8 months; investors can monitor actual share issuances and any subsequent sales disclosures within that period.

Governance & Ownership Analyst

Director ownership now totals 129,051 shares, a measurable stake in the issuer.

The Form 4 reports the reporting person holds direct beneficial ownership of 129,051 common shares after the RSU grant. This level of direct ownership is a governance signal of alignment between board members and shareholders.

Key near-term items to watch include further vesting events and any open-market transactions that would appear in subsequent Section 16 filings within the next several months.

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

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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)
10/01/2025

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	10/01/2025		A		13,940	A	$0(1)	129,051	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. Represents a grant of Restricted Stock Units ("RSUs"). The RSUs were granted in connection with the Reporting Person's service on the Issuer's Board of Directors for the quarter ended September 30, 2025. On the date of grant, 9,061 of the RSUs vested and the remainder of the RSUs vest ratably in eight monthly tranches.

	/s/ Rajiv Srinivasan	10/07/2025
	** 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 WRAP director Rajiv Srinivasan receive on 10/01/2025?

He was granted 13,940 RSUs, of which 9,061 vested immediately and the remainder vests ratably over eight monthly tranches.

How many WRAP shares does Rajiv Srinivasan beneficially own after the grant?

The Form 4 reports he beneficially owns 129,051 shares directly following the transaction.

Was there a cash price paid for the RSUs reported on the Form 4?

The filing records the price as $0, consistent with a standard RSU grant that converts to shares without an exercise price.

When do the remaining RSUs vest?

The remaining RSUs vest ratably in eight monthly tranches following the grant dated 10/01/2025.

Why was the RSU grant given?

The explanation states the RSUs were granted in connection with his service on the Issuer's Board of Directors for the quarter ended 9/30/2025.