Wrap Technologies (WRAP) director adds 100,000 shares in open-market buy
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
WRAP Technologies director John D. Shulman reported an open-market purchase of 100,000 shares of common stock at $1.10 per share. After this transaction, he directly owns 199,037 shares of WRAP common stock. A separate line in the filing shows 250,000 shares held indirectly through Juggernaut Management, LLC, which directly owns those securities; they may be deemed beneficially owned by Shulman as manager of Juggernaut, though he disclaims beneficial ownership except to the extent of his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 100,000 shares ($110,000)
Net Buy
2 txns
Insider
SHULMAN JOHN D
Role
null
Bought
100,000 shs ($110K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 100,000 | $1.10 | $110K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 199,037 shares (Direct, null);
Common Stock — 250,000 shares (Indirect, By Juggernaut Management, LLC)
Footnotes (1)
- [object Object]
Key Figures
Shares purchased: 100,000 shares
Purchase price: $1.10 per share
Direct holdings after trade: 199,037 shares
+2 more
5 metrics
Shares purchased
100,000 shares
Open-market purchase of WRAP common stock
Purchase price
$1.10 per share
Price paid for 100,000 purchased shares
Direct holdings after trade
199,037 shares
Common stock directly owned by Shulman after purchase
Indirect holdings via Juggernaut
250,000 shares
Common stock held by Juggernaut Management, LLC
Net share change
100,000 shares
Net buy shares in transaction summary
Key Terms
open-market purchase, beneficially owned, pecuniary interest, indirect ownership
4 terms
open-market purchase financial
"transaction_action: open-market purchase"
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
beneficially owned financial
"may be deemed to be beneficially owned by the Reporting Person"
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"
indirect ownership financial
"The reported securities are directly owned by Juggernaut Management, LLC and may be deemed to be beneficially owned"
FAQ
What insider transaction did WRAP director John D. Shulman report?
John D. Shulman reported an open-market purchase of 100,000 shares of WRAP Technologies common stock at $1.10 per share, increasing his directly held position to 199,037 shares after the transaction.
What is the indirect WRAP ownership reported via Juggernaut Management, LLC?
The Form 4 lists 250,000 WRAP Technologies common shares held by Juggernaut Management, LLC. As manager of Juggernaut, Shulman may be deemed a beneficial owner but disclaims ownership beyond his pecuniary interest.
Was the WRAP (WRAP) insider transaction a buy or a sell?
The key WRAP Technologies insider transaction was a buy. Shulman completed an open-market purchase of 100,000 common shares at $1.10, with no reported sales in this Form 4 filing.