SCHEDULE: Norris Entities Report 8.2% Stake in Wrap Technologies
Beneficial Ownership Filing (Schedule 13G)
Elwood G. Norris, Stephanie A. Norris, and the Norris Family 1997 Trust collectively hold a beneficial ownership of 8.2% of Wrap Technologies' common stock.
Summary
- This filing is a Schedule 13G, indicating a significant beneficial ownership of Wrap Technologies, Inc. common stock by Elwood G. Norris, Stephanie A. Norris (as Trustee of the Norris Family 1997 Trust), and the Norris Family 1997 Trust.
- The total beneficial ownership reported is 4,491,344 shares, representing 8.2% of the class of securities.
- This ownership is based on 55,000,054 shares outstanding as of March 23, 2026, as reported in Wrap Technologies' Form 10-K for the year ended December 31, 2025.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral filing, as it primarily reports existing ownership stakes and does not contain operational updates, financial performance, or strategic changes that would typically influence sentiment.
Positives
- The Norris Family 1997 Trust holds sole voting and dispositive power over 4,491,344 shares.
- Elwood G. Norris and Stephanie A. Norris share voting and dispositive power over 4,491,344 shares.
Future Outlook
No forward-looking statements or guidance are present in this filing.
Industry Context
StockSavvy.ai notes that Schedule 13G filings are typically made by institutional investors or individuals who acquire a significant stake in a company but do not intend to influence or control the company's management. This filing indicates a substantial passive investment in Wrap Technologies.
Stakeholder Impact
- Shareholders: This filing informs shareholders about a significant beneficial owner, which could influence market perception and trading activity.
- Management: The filing signals a substantial passive interest in the company, which management should be aware of in their strategic planning.
Key Dates
| Date | Description |
|---|---|
| 2025-12-31 | Year ended December 31, 2025 (for Form 10-K reference) |
| 2026-03-23 | As of March 23, 2026 (shares outstanding reference date) |
| 2026-03-26 | Date of filing of Issuer's Form 10-K for the year ended December 31, 2025 |
| 2026-05-04 | Date of Event Which Requires Filing of this Statement / Filing Date |
Keywords
WRAP TECHNOLOGIES, SCHEDULE 13G, BENEFICIAL OWNERSHIP, COMMON STOCK, NORRIS ELWOOD G, STEPHANIE A. NORRIS, NORRIS FAMILY 1997 TRUST, SEC FILING
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