Wrap Technologies Inc SEC Filings

WRAP Technologies director Rajiv Srinivasan reported an equity award of 3,346 shares of common stock through a grant of restricted stock units (RSUs). The award was recorded at a price of $0 per share, reflecting that it is a compensatory grant rather than an open‑market purchase.

According to the terms, 1,004 of the RSUs vested on the January 12, 2026 grant date, and the remaining units vest in eleven equal monthly tranches. After this grant, Srinivasan beneficially owns 145,107 shares of WRAP common stock directly.

Wrap Technologies director Bruce Bernstein reported a stock grant. On January 12, 2026, he acquired 10,409 shares of common stock at a price of $0 per share, reported as an award of restricted stock units (RSUs). According to the filing, 3,123 RSUs vested on the grant date, and the remaining units vest in eleven equal monthly installments. After this grant, Bernstein beneficially owns 231,205 shares of Wrap Technologies common stock, held as direct ownership.

Wrap Technologies, Inc. reported results from its 2025 annual stockholder meeting. Stockholders approved an amendment to the 2017 Equity Compensation Plan, increasing the pool available for equity awards by 4,000,000 shares of common stock to a total of 20,500,000 shares.

Stockholders also approved an amendment to the company’s certificate of incorporation to raise the number of authorized common shares from 150,000,000 to 200,000,000, with a corresponding increase to total authorized capital stock. The amendment was filed with the Delaware Secretary of State after the meeting.

All proposals described in the proxy statement were approved, including the election of all director nominees. As of the October 15, 2025 record date, 51,507,022 common shares were outstanding, and 30,140,775 votes were represented in person or by proxy, constituting a quorum.

Wrap Technologies, Inc. is registering up to 6,000,000 shares of common stock for resale by existing investors, including 3,000,000 shares issuable upon conversion of Series B preferred stock and 3,000,000 shares issuable upon exercise of related warrants at an initial price of $1.50 per share.

The company will not receive proceeds from investors’ resale of these shares, but would receive cash if the warrants are exercised. As of December 12, 2025, 51,507,022 shares of common stock were outstanding, and issuing all registered shares would equal about 10.43% of that amount, creating meaningful potential dilution for current holders.

This registration fulfills obligations tied to an August 2025 private placement of 4,500 Series B preferred shares and accompanying warrants that generated approximately $4.5 million in gross proceeds. Wrap develops non-lethal remote restraint devices, VR training platforms, and body-worn camera and digital evidence management solutions for law-enforcement and security customers worldwide.

Wrap Technologies, Inc. has filed a universal shelf registration statement on Form S-3 allowing it to offer and sell from time to time up to $200,000,000 of securities. The company may issue common stock, preferred stock, debt securities, warrants, subscription rights, and units in one or more offerings, with specific terms detailed in future prospectus supplements.

Wrap is a global public safety technology company focused on non-lethal restraint tools, VR-based training, body‑worn cameras, digital evidence management, and counter‑drone solutions. As of November 20, 2025, it had 51,549,094 shares of common stock outstanding and outstanding Series A and Series B convertible preferred stock with defined dividend, conversion, and anti‑takeover features.

Wrap Technologies, Inc. is asking stockholders to approve several capital and governance proposals at its 2025 virtual annual meeting on December 12, 2025.

Key items include increasing authorized common stock from 150,000,000 to 200,000,000 shares, authorizing issuance of common shares underlying Series B convertible preferred stock and warrants issued under an August 18, 2025 securities purchase agreement, expanding the 2017 equity compensation plan by 4,000,000 shares to 20,500,000, and allowing a Board-selected reverse stock split between 1-for-2 and 1-for-10.

Stockholders will also elect six directors, ratify the independent auditor, and may vote to adjourn the meeting if more time is needed to secure approvals. There were 51,507,022 shares of common stock outstanding on the October 15, 2025 record date, each entitled to one vote at the virtual-only meeting.

Wrap Technologies reported Q3 2025 results. Net revenues were $1.491 million, with gross profit of $0.883 million. Operating loss narrowed to $2.761 million, and net loss was $2.773 million (loss attributable to common stockholders $2.937 million, or $0.06 per share). The quarter included $0.531 million of sales returns and allowances.

Cash and cash equivalents were $5.965 million at quarter end. Year‑to‑date operating cash use totaled $7.624 million. Stockholders’ equity increased to $14.126 million, aided by a $12.151 million reclassification of warrant liabilities to equity and capital raises. The company completed a February private placement of 3,216,666 common shares and warrants and, in August, issued $4.5 million of Series B Preferred Stock with associated warrants, with convertibility and exercisability tied to stockholder approval. One customer represented 93% of Q3 revenue; EMEA drove most sales in the period.