Form 4: WRAP Technologies Director Sells Shares Under Pre-Arranged Plan

Elwood G. Norris, a Director and 10% owner of WRAP Technologies, Inc., sold 30,000 shares of common stock on June 11, 2025, at a weighted average price of $1.6804 per share, pursuant to a Rule 10b5-1 trading plan.

Summary

• Elwood G. Norris, identified as a Director and 10% Owner of WRAP Technologies, Inc. (WRAP), reported a transaction.
• On June 11, 2025, Mr. Norris disposed of 30,000 shares of WRAP Common Stock.
• The shares were sold at a weighted average price of $1.6804 per share, with individual transaction prices ranging from $1.602 to $1.75.
• This transaction was conducted under a Rule 10b5-1(c) pre-arranged trading plan.
• Following the reported transaction, Mr. Norris directly beneficially owns 867,100 shares of Common Stock.
• Additionally, 5,451,553 shares of Common Stock are indirectly beneficially owned through a Family Trust.

Sentiment

Score: 5

Explanation: The sentiment is neutral as this is a routine insider transaction under a pre-arranged trading plan, which is a common and expected event for company insiders.

Positives

• The transaction was executed under a Rule 10b5-1(c) plan, indicating a pre-arranged sale not based on new, non-public information, which enhances transparency and corporate governance.

Negatives

• A Director and 10% owner selling shares, even under a pre-arranged plan, could be perceived by some investors as a reduction in insider confidence or commitment to the company.

Future Outlook

NA

Management Comments

• The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote (1) on this Form 4.

Industry Context

This Form 4 filing is a routine disclosure of an insider stock transaction and does not provide broader industry context or trends.

Corporate Governance

Stakeholder Impact

• Shareholders: May interpret the sale by a director and 10% owner, though the 10b5-1 plan mitigates concerns about opportunistic selling.

Next Steps

• The reporting person has committed to providing detailed information on the specific prices of shares sold within the reported range upon request from the Issuer, security holders, or the SEC staff.

Key Dates

Keywords

WRAP Technologies, WRAP, SEC Form 4, Insider Trading, Stock Sale, Director, 10% Owner, Elwood Norris, Rule 10b5-1