Form 4: WRAP Technologies CEO Boosts Stake via Dividend

Scot Cohen, Executive Chairman and CEO of WRAP Technologies, increased his beneficial ownership of common stock through dividend payments on Series A Convertible Preferred Stock.

Summary

• Scot Cohen, Executive Chairman and CEO of WRAP Technologies, acquired additional common stock on March 4, 2026.
• The acquisition was a payment of dividends on the Issuer's Series A Convertible Preferred Stock.
• A total of 38,740 shares were acquired indirectly by V4 Global LLC, an entity managed by Scot Cohen.
• An additional 27,672 shares were acquired directly by Scot Cohen.
• The shares were acquired at a price of $0 per share as part of the dividend payment.
• Following these transactions, Scot Cohen's indirect beneficial ownership through V4 Global LLC is 1,973,271 shares.
• His direct beneficial ownership is 6,559,837 shares, totaling 8,533,108 shares.
• Scot Cohen disclaims beneficial ownership of the securities held by V4 Global LLC except to the extent of his pecuniary interest therein.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive signal, as it represents an increase in the Executive Chairman and CEO's beneficial ownership, aligning his interests further with shareholders, albeit through a non-discretionary dividend payment.

Positives

• Increased beneficial ownership by a key executive (Executive Chairman and CEO) and 10% owner, signaling continued alignment with shareholder interests.
• The acquisition of shares at $0 cost through dividend payments enhances the executive's stake without direct cash outlay.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that insider transactions, particularly those increasing an executive's stake, are often viewed positively by the market as they can signal management's confidence in the company's future performance. This is a routine dividend payment, not a discretionary purchase, but still adds to the insider's overall holdings.

Related Party Transactions

• Scot Cohen's indirect beneficial ownership of 1,973,271 shares is through V4 Global LLC, an entity he manages. He disclaims beneficial ownership except to the extent of his pecuniary interest.

Stakeholder Impact

• Shareholders may view the increased beneficial ownership by the Executive Chairman and CEO as a positive sign of management's commitment and confidence in the company.

Key Dates

Recommendation

While the increase in beneficial ownership by the CEO is a positive signal, this transaction is a routine dividend payment rather than a discretionary open-market purchase. It reinforces insider alignment but does not provide new fundamental information to warrant a 'buy' recommendation based solely on this filing. Investors should 'hold' and consider broader company fundamentals.

Keywords

WRAP Technologies, WRAP, Scot Cohen, Form 4, insider transaction, beneficial ownership, common stock, Series A Convertible Preferred Stock, dividend, CEO, Director, 10% Owner