Form 4: Timothy Szymanski Reports Changes in Beneficial Ownership of WRAP Technologies, Inc.

Director Timothy Szymanski reports acquisition and disposal of WRAP Technologies, Inc. stock due to RSU grant and vesting.

Summary

• On July 1, 2024, Timothy Szymanski, a director of WRAP Technologies, Inc., reported changes in his beneficial ownership of the company's stock.
• He acquired 15,125 shares of common stock through a grant of Restricted Stock Units (RSUs) valued at $0.
• 9,831 of the RSUs vested immediately, and the remaining RSUs will vest ratably over eight months.
• Following these transactions, Szymanski beneficially owns 37,096 shares of WRAP Technologies, Inc.

Sentiment

Score: 6

Explanation: Neutral sentiment as it's a routine disclosure of insider transactions related to compensation.

Positives

• The RSU grant aligns Szymanski's interests with those of the company and its shareholders.
• The vesting schedule encourages continued service on the Board of Directors.

Industry Context

Form 4 filings are standard disclosures required by the SEC for insiders of publicly traded companies, providing transparency into their transactions in the company's stock.

Stakeholder Impact

• The RSU grant aligns the director's interests with shareholders.

Key Dates