Wrap Technologies (WRAP) director awarded 34,998 stock options at $1.45

Rhea-AI Filing Summary

WRAP TECHNOLOGIES, INC. director John D. Shulman received a grant of stock options covering 34,998 shares of common stock. The options have an exercise price of $1.45 per share, were granted on July 1, 2026, and expire on July 1, 2036. Following this grant, Shulman holds 34,998 stock options directly.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider SHULMAN JOHN D

Role null

Type	Security	Shares	Price	Value
Grant/Award	Stock Option (Right to Buy)	34,998	$0.00	--

Holdings After Transaction: Stock Option (Right to Buy) — 34,998 shares (Direct, null)

Footnotes (1)

Key Figures

Options granted: 34,998 options Exercise price: $1.45 per share Expiration date: July 1, 2036 +3 more

6 metrics

Options granted 34,998 options Stock Option (Right to Buy) grant to director

Exercise price $1.45 per share Conversion or exercise price of options

Expiration date July 1, 2036 Option term end date

Underlying shares 34,998 shares Common stock underlying the options

Derivative holdings after grant 34,998 options Total stock options held following transaction

Transaction code A Grant, award, or other acquisition

Key Terms

Stock Option (Right to Buy), Common Stock, Grant, award, or other acquisition, derivative securities

4 terms

Stock Option (Right to Buy) financial

"security_title: "Stock Option (Right to Buy)""

Common Stock financial

"underlying_security_title: "Common Stock""

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

Grant, award, or other acquisition financial

"transaction_code_description: "Grant, award, or other acquisition""

derivative securities financial

"derivativeTransactionCount indicates 1 derivative-type record"

Financial contracts whose value is tied to the price or performance of another asset, such as a stock, bond, commodity, index, or currency; examples include options, futures and swaps. They matter to investors because they let you protect against price swings, bet on future moves or gain larger exposure with less upfront cash—like using a lever or insurance policy on an investment—so they can amplify gains and losses and help manage portfolio risk.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/06/2026 - 06:15 PM Accepted by SEC EDGAR 07/06/2026 - 06:14 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

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^*

SHULMAN JOHN D

(Last) (First) (Middle)

C/O WRAP TECHNOLOGIES, INC.

3480 MAIN HWY, SUITE 202

(Street)

MIAMI FLORIDA 33133

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/01/2026

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

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)	$1.45	07/01/2026		A		34,998		07/01/2026	07/01/2036	Common Stock	34,998	$0	34,998	D

Explanation of Responses:

	/s/ John Shulman	07/06/2026
	** 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)

FAQ

What insider transaction did WRAP director John D. Shulman report?

John D. Shulman reported receiving a stock option grant for 34,998 shares of WRAP common stock. The options were awarded as a derivative security and give him the right to buy shares at a fixed exercise price.

What is the exercise price of John D. Shulman’s WRAP stock options?

The stock options granted to John D. Shulman have an exercise price of $1.45 per share. This fixed price allows him to acquire WRAP common stock at that level regardless of future market movements during the option term.

When do John D. Shulman’s WRAP stock options expire?

The stock options granted to John D. Shulman are scheduled to expire on July 1, 2036. He can choose to exercise the right to buy the underlying WRAP common shares any time before that expiration date, subject to applicable plan terms.

How many WRAP stock options does John D. Shulman hold after this grant?

After this transaction, John D. Shulman holds 34,998 WRAP stock options directly. This reflects the full size of the new grant reported, with the filing not listing any additional derivative positions remaining beyond this award.

Is John D. Shulman’s WRAP option grant an open-market purchase or a compensation award?

The Form 4 classifies the transaction as a grant or award acquisition, not an open-market purchase. Code “A” and the zero-dollar transaction price indicate these options were awarded to Shulman, typically as part of director compensation.