WRAP TECHNOLOGIES, INC. trustees Elwood G. Norris and Stephanie A. Norris, and the Norris Family 1997 Trust report beneficial ownership of 4,491,344 shares of Common Stock. Each filing person is shown with 4,491,344 shares, representing 8.17% of the class.
The filing cites 55,000,054 shares outstanding as of March 23, 2026 per the company's Form 10-K. The trust holds sole voting and dispositive power for the same 4,491,344 shares while each trustee reports shared voting and dispositive power.
Positive
None.
Negative
None.
Insights
Concentrated family trust holding visible; voting structure split between trustees and trust.
The filing shows the Norris Family 1997 Trust holds 4,491,344 shares with sole voting and dispositive power, while the trustees report shared power over the same shares. This indicates centralized ownership within the trust with delegated reporting by trustees.
Implications center on governance and voting control: the trust is the primary voting actor for these shares. Future filings may disclose changes in holdings or voting power; timing not given in the excerpt.
Key Figures
Shares beneficially owned:4,491,344 sharesPercent of class:8.17%Shares outstanding:55,000,054 shares
3 metrics
Shares beneficially owned4,491,344 sharesAmount reported for each filing person
Percent of class8.17%Percent of class reported for each filing person
Shares outstanding55,000,054 sharesShares outstanding as of March 23, 2026 per the issuer's Form 10-K
Key Terms
Schedule 13G, Beneficial ownership, Shared Dispositive Power, Sole Voting Power
4 terms
Schedule 13Gregulatory
"This Form 13G is being filed by Elwood G. Norris and Stephanie A. Norris"
A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.
Beneficial ownershipfinancial
"Amount beneficially owned: Elwood G. Norris: 4,491,344 shares"
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.
Shared Dispositive Powerfinancial
"Shared Dispositive Power 4,491,344.00"
Sole Voting Powerregulatory
"Sole Voting Power 4,491,344.00"
Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
WRAP TECHNOLOGIES, INC.
(Name of Issuer)
COMMON STOCK
(Title of Class of Securities)
98212N107
(CUSIP Number)
05/04/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
98212N107
1
Names of Reporting Persons
NORRIS ELWOOD G
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
4,491,344.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
4,491,344.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
4,491,344.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
8.2 %
12
Type of Reporting Person (See Instructions)
IN
Comment for Type of Reporting Person: Based on 55,000,054 shares outstanding as of March 23, 2026 as reported in the Issuer's Form 10-K for the year ended December 31, 2025 filed with the Commission on March 26, 2026.
SCHEDULE 13G
CUSIP Number(s):
98212N107
1
Names of Reporting Persons
Stephanie A. Norris, Trustee of the Norris Family 1997 Trust
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
4,491,344.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
4,491,344.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
4,491,344.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
8.2 %
12
Type of Reporting Person (See Instructions)
IN
Comment for Type of Reporting Person: Based on 55,000,054 shares outstanding as of March 23, 2026 as reported in the Issuer's Form 10-K for the year ended December 31, 2025 filed with the Commission on March 26, 2026.
SCHEDULE 13G
CUSIP Number(s):
98212N107
1
Names of Reporting Persons
Norris Family 1997 Trust
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
4,491,344.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
4,491,344.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
4,491,344.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
8.2 %
12
Type of Reporting Person (See Instructions)
OO
Comment for Type of Reporting Person: Based on 55,000,054 shares outstanding as of March 23, 2060 as reported in the Issuer's Form 10-K for the year ended December 31, 2025 filed with the Commission on March 26, 2026
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
WRAP TECHNOLOGIES, INC.
(b)
Address of issuer's principal executive offices:
3480 MAIN HWY, SUITE 202, MIAMI, FLORIDA, 33133.
Item 2.
(a)
Name of person filing:
This Form 13G is being filed by Elwood G. Norris and Stephanie A. Norris, Trustees of the Norris Family 1997 Trust and by the Norris Family 1997 Trust
(b)
Address or principal business office or, if none, residence:
The address for all the filing persons is:
15891 Blue Crystal Trail
Poway, CA 92064
(c)
Citizenship:
All the filing persons are citizens of, or organized in, the United States
(d)
Title of class of securities:
COMMON STOCK
(e)
CUSIP Number(s):
98212N107
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
Elwood G. Norris: 4,491,344 shares
Stephanie A. Norris: 4,491,344 shares
Norris Family 1997 Trust: 4,491,344 shares
(b)
Percent of class:
Elwood G. Norris: 8.17%
Stephanie A. Norris: 8.17%
Norris Family 1997 Trust: 8.17%
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
Elwood G. Norris: -0- shares
Stephanie A. Norris: -0- shares
Norris Family 1997 Trust: 4,491,344 shares
(ii) Shared power to vote or to direct the vote:
Elwood G. Norris: 4,491,344 shares
Stephanie A. Norris: 4,491,344 shares
Norris Family 1997 Trust: -0- shares
(iii) Sole power to dispose or to direct the disposition of:
Elwood G. Norris: -0- shares
Stephanie A. Norris: -0- shares
Norris Family 1997 Trust: 4,491,344
(iv) Shared power to dispose or to direct the disposition of:
Elwood G. Norris: 4,491,344 shares
Stephanie A. Norris: 4,491,344 shares
Norris Family 1997 Trust: -0- shares
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
Not Applicable
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
NORRIS ELWOOD G
Signature:
/s/ Elwood G. Norris
Name/Title:
Elwood G. Norris
Date:
05/04/2026
Stephanie A. Norris, Trustee of the Norris Family 1997 Trust
