SCHEDULE: Norris Entities Report Zero Ownership in Wrap Technologies
Beneficial Ownership Filing
Elwood G. Norris, Stephanie A. Norris, and the Norris Family 1997 Trust have filed a Schedule 13G indicating they beneficially own zero shares of Wrap Technologies' common stock.
Summary
- This filing is an amendment to a Schedule 13G, indicating a change in beneficial ownership reporting.
- Elwood G. Norris, Stephanie A. Norris, and the Norris Family 1997 Trust are the reporting persons.
- The filing pertains to the common stock of Wrap Technologies, Inc.
- All reporting persons have declared they beneficially own 0 shares of Wrap Technologies' common stock.
- Consequently, their ownership percentage is 0.0% for each reporting person.
- They also report having 0 shares with sole or shared voting power and 0 shares with sole or shared disposition power.
Sentiment
Score: 2
Explanation: StockSavvy.ai views this filing as neutral to slightly negative due to the complete absence of reported ownership, which could imply a divestment or a correction of prior reporting without any positive indicators for the company.
Negatives
- The reporting persons collectively hold no shares in Wrap Technologies, Inc., indicating no current investment or control interest from these entities.
Future Outlook
No forward-looking statements or guidance were provided in this filing.
Industry Context
StockSavvy.ai notes that Schedule 13G filings are typically used by passive investors to report ownership of more than 5% of a company's stock. The absence of any reported ownership by these entities suggests a significant shift or a correction in previous reporting, and does not indicate any active investment strategy in Wrap Technologies by the Norris entities at this time.
Stakeholder Impact
- Shareholders: The lack of reported ownership by entities previously associated with the company may raise questions about the strategic direction and investor base of Wrap Technologies.
Key Dates
| Date | Description |
|---|---|
| 07/09/2026 | Date of Event Which Requires Filing of this Statement |
| 07/09/2026 | Signature Date for Elwood G. Norris |
| 07/09/2026 | Signature Date for Stephanie A. Norris, Trustee of the Norris Family 1997 Trust |
| 07/09/2026 | Signature Date for Norris Family 1997 Trust (via Elwood G. Norris/Trustee) |
Keywords
Schedule 13G, Wrap Technologies, Beneficial Ownership, SEC Filing, Stock Ownership, Norris Family Trust
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