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Wrap Technologies CEO gains 46,876 dividend shares

WRAP’s Executive Chairman and CEO received common shares as stock dividends on Series A preferred holdings, increasing both direct and indirect positions.

(Neutral)
(Neutral)
Form Type
4

Rhea-AI Filing Summary

WRAP TECHNOLOGIES, INC. (symbol: WRAP) is the issuer of record for a Form 4 filing submitted to the SEC. Cohen Scot reported acquisition or exercise transactions in this Form 4 filing.

WRAP TECHNOLOGIES, INC. (WRAP) reported that Executive Chairman and CEO, and ten percent owner, Scot Cohen had Common Stock credited on September 4, 2026 as stock dividends on Series A Convertible Preferred Stock. He received 19,532 shares directly and 27,344 shares indirectly through V4 Global LLC, both at no cash price as they were issued as dividend payments. Following these transactions, Cohen directly holds 10,609,087 shares, with an additional 2,042,221 shares held indirectly through V4 Global LLC and 209,353 shares held indirectly through the Scot Cohen Roth IRA.

Positive

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Negative

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Insider Cohen Scot
Role Executive Chairman and CEO
Type Security Shares Price Value
Grant/Award Common Stock F1 19,532 $0.00 $0.00
Grant/Award Common Stock F1, F2 27,344 $0.00 $0.00
holding Common Stock F3 -- -- --
Holdings After Transaction: Common Stock — 10,609,087 shares (Direct); Common Stock — 2,042,221 shares (Indirect, By V4 Global LLC); Common Stock — 209,353 shares (Indirect, By Scot Cohen Roth IRA)
Footnotes (3)
  1. F1. Represents shares of the Issuer's common stock, par value $0.0001 per share (the "Common Stock"), issued as a payment of dividends on the Issuer's Series A Convertible Preferred Stock, par value $0.0001 per share.
  2. F2. The reported securities are directly owned by V4 Global LLC ("V4") and may be deemed to be beneficially owned by the Reporting Person as managing member of V4. The Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
  3. F3. The reported securities are directly owned by Scot Cohen Roth IRA ("SC IRA"). The Reporting Person is deemed the beneficial owners of such securities as the sole holder of the SC IRA.
Direct shares acquired 19,532 shares Common Stock credited as dividend on September 4, 2026, held directly
Indirect shares acquired via V4 Global LLC 27,344 shares Common Stock credited as dividend on September 4, 2026
Direct holdings after transaction 10,609,087 shares WRAP common stock held directly by Scot Cohen after September 4, 2026 transaction
Indirect holdings via V4 Global LLC 2,042,221 shares WRAP common stock held indirectly through V4 Global LLC after the transaction
Indirect holdings via Roth IRA 209,353 shares WRAP common stock held indirectly by Scot Cohen Roth IRA as of the reported date
Dividend share price $0.00 per share Reported price for dividend-issued Common Stock on September 4, 2026
Series A Convertible Preferred Stock financial
"issued as a payment of dividends on the Issuer's Series A Convertible Preferred Stock"
Series A convertible preferred stock is a class of shares sold in an early funding round that gives investors a mix of protection and upside: it pays a priority claim over common shares if the company is sold or closes, but can be converted into ordinary shares to share in future growth. Think of it like a hybrid between a safer stake and a ticket to ownership; it matters to investors because it affects who controls the company, how future gains are split, and how much their investment is protected from downside.
Common Stock financial
"Represents shares of the Issuer's common stock, par value $0.0001 per share"
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.
par value financial
"Issuer's common stock, par value $0.0001 per share"
Par value is the fixed amount printed on a bond or stock that represents its original value when issued. It’s like the face value of a coin or bill—what the issuer promises to pay back or the starting price of a stock—though it often doesn’t change with market prices. It matters because it helps determine certain financial details, like how much the company will pay back at maturity.
beneficial ownership financial
"may be deemed to be beneficially owned by the Reporting Person"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"except to the extent of his pecuniary interest therein"
Roth IRA financial
"directly owned by Scot Cohen Roth IRA ("SC IRA")"
A Roth IRA is a retirement savings account you fund with money that’s already been taxed, and withdrawals taken in retirement under the account rules are tax-free. It matters to investors because it shifts the tax bill to today instead of retirement, potentially increasing after-tax income later—think of it like paying for a lifetime subscription now so you can use it without extra charges in the future—helpful for long-term tax planning and flexibility.

FAQ

What insider transactions did WRAP’s Executive Chairman report on this Form 4?

Scot Cohen reported two stock acquisitions on September 4, 2026: 19,532 WRAP common shares credited directly and 27,344 shares credited indirectly through V4 Global LLC, both issued as stock dividends on Series A Convertible Preferred Stock.

How many WRAP shares does Scot Cohen hold directly after these transactions?

After the September 4, 2026 dividend-related share issuance, Scot Cohen directly holds 10,609,087 shares of WRAP common stock, according to the reported post-transaction balance.

What are Scot Cohen’s indirect WRAP share holdings after this Form 4?

Indirectly, Cohen is reported with 2,042,221 WRAP common shares held by V4 Global LLC and 209,353 shares held by the Scot Cohen Roth IRA, based on post-transaction holdings disclosed in the filing.

Were the WRAP shares acquired for cash or as a dividend?

The reported WRAP shares were acquired as a payment of dividends on Series A Convertible Preferred Stock, at a reported per-share price of $0.00, indicating no cash purchase but stock issued in lieu of cash dividends.

Does Scot Cohen beneficially own all WRAP shares held through V4 Global LLC?

The filing states the WRAP shares are directly owned by V4 Global LLC and may be deemed beneficially owned by Cohen as managing member, while he disclaims beneficial ownership except to the extent of his pecuniary interest in those securities.

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

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Learn about SEC filing dates
SEC Form 4
FORM 4UNITED 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*
Cohen Scot

(Last)(First)(Middle)
C/O WRAP TECHNOLOGIES, INC.
3350 VIRGINIA STREET

(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)
XDirectorX10% Owner
XOfficer (give title below)Other (specify below)
Executive Chairman and CEO
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
09/04/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock09/04/2026A19,532(1)A$010,609,087D
Common Stock09/04/2026A27,344(1)A$02,042,221IBy V4 Global LLC(2)
Common Stock209,353IBy Scot Cohen Roth IRA(3)
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Represents shares of the Issuer's common stock, par value $0.0001 per share (the "Common Stock"), issued as a payment of dividends on the Issuer's Series A Convertible Preferred Stock, par value $0.0001 per share.
2. The reported securities are directly owned by V4 Global LLC ("V4") and may be deemed to be beneficially owned by the Reporting Person as managing member of V4. The Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
3. The reported securities are directly owned by Scot Cohen Roth IRA ("SC IRA"). The Reporting Person is deemed the beneficial owners of such securities as the sole holder of the SC IRA.
/s/ Scot Cohen09/09/2026
** Signature of Reporting PersonDate
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)

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