WRAP CEO receives stock via dividend grant
WRAP TECHNOLOGIES, INC.
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Form Type
4
Rhea-AI Filing Summary
WRAP TECHNOLOGIES, INC. Executive Chairman and CEO Scot Cohen reported acquiring additional common shares through stock dividends rather than market purchases. On the reported date, he received 21,740 shares of common stock directly as payment of dividends on Series A Convertible Preferred Stock.
An affiliated entity, V4 Global LLC, received a further 30,435 common shares as dividend payment, which may be deemed beneficially owned by Cohen as V4’s managing member, though he disclaims beneficial ownership beyond his pecuniary interest. Following these transactions, Cohen directly held 6,584,979 shares, and V4 Global LLC held 2,008,469 shares of common stock.
Insider Trade Summary
Grant/Award: 52,175 shares
Grant/Award
2 txns
Insider
Cohen Scot
Role
Executive Chairman and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 30,435 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 21,740 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 2,008,469 shares (Indirect, By V4 Global LLC);
Common Stock — 6,584,979 shares (Direct)
Footnotes (2)
- 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.
- 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.
Key Figures
Direct dividend shares: 21,740 shares
Indirect dividend shares via V4 Global LLC: 30,435 shares
Direct holdings after transaction: 6,584,979 shares
+2 more
5 metrics
Direct dividend shares
21,740 shares
Common stock issued as dividend payment
Indirect dividend shares via V4 Global LLC
30,435 shares
Common stock issued as dividend payment
Direct holdings after transaction
6,584,979 shares
Cohen’s direct WRAP common stock position after Form 4
V4 Global LLC holdings after transaction
2,008,469 shares
WRAP common stock held by V4 Global LLC after Form 4
Acquisition transactions
2 transactions
Both coded A for grant/award or other acquisition
Key Terms
Series A Convertible Preferred Stock, beneficially owned, pecuniary interest, dividends
4 terms
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.
beneficially owned financial
"may be deemed to be beneficially owned by the Reporting Person as managing member of V4"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
pecuniary interest financial
"disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein"
dividends financial
"issued as a payment of dividends on the Issuer's Series A Convertible Preferred Stock"
Dividends are cash payments a company gives to its shareholders from profits or cash reserves, effectively sharing part of its earnings with owners. They matter to investors because they provide a steady income stream, act like an interest or rent payment on owning the stock, and signal management’s confidence in the business—factors that influence total return and share price. Regular or special dividends can change an investor’s income and reinvestment strategy.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did WRAP (WRAP) report for Scot Cohen?
WRAP reported that Executive Chairman and CEO Scot Cohen acquired common shares via stock dividends, not open-market trades. He received 21,740 shares directly, and an affiliated entity, V4 Global LLC, received 30,435 shares as dividend payments on Series A Convertible Preferred Stock.
What is the role of V4 Global LLC in Scot Cohen’s WRAP holdings?
V4 Global LLC directly owns 2,008,469 WRAP common shares after the transaction. As managing member of V4, Scot Cohen may be deemed to beneficially own these securities, but he disclaims beneficial ownership except for his actual pecuniary interest in the entity.
What does the Form 4 say about WRAP’s Series A Convertible Preferred Stock?
The Form 4 notes that the newly issued common shares represent payment of dividends on WRAP’s Series A Convertible Preferred Stock. Instead of cash, WRAP paid these preferred dividends in common stock, increasing common share holdings for Scot Cohen and V4 Global LLC.
AI-generated analysis. How Rhea-AI works. Not financial advice.
