Wrap Technologies Inc.

01/29/2026 | Press release | Distributed by Public on 01/29/2026 20:30

Statement of Changes in Beneficial Ownership (Form 4)

FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
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(Print or Type Responses)
1. Name and Address of Reporting Person *
NORRIS ELWOOD G
2. Issuer Name and Ticker or Trading Symbol
WRAP TECHNOLOGIES, INC. [WRAP]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
15891 BLUE CRYSTAL TRAIL
3. Date of Earliest Transaction (Month/Day/Year)
06/13/2025
(Street)
POWAY, CA 92064
4. If Amendment, Date Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 11/28/2025 S 5,000 D $2.153 54,928 D
Common Stock 11/26/2025 S 5,000 D $2.1419 59,928 D
Common Stock 11/24/2025 S 30,000 D $2.0551(1) 64,928 D
Common Stock 11/21/2025 S 10,536 D $2.0585(2) 94,928 D
Common Stock 11/20/2025 S 17,008 D $2.0176(3) 105,464 D
Common Stock 11/19/2025 S 3,013 D $2.02 122,472 D
Common Stock 11/14/2025 S 55,000 D $2.3582(4) 125,485 D
Common Stock 11/13/2025 S 20,000 D $2.0892(5) 180,485 D
Common Stock 11/12/2025 S 25,000 D $2.1611(6) 200,485 D
Common Stock 11/11/2025 S 5,000 D $2.201(7) 225,485 D
Common Stock 10/31/2025 S 55,000 D $2.8177(8) 230,485 D
Common Stock 10/30/2025 S 54,381 D $2.7732(9) 285,485 D
Common Stock 10/27/2025 S 5,000 D $2.6545(10) 339,866 D
Common Stock 10/24/2025 S 75,001 D $2.6202(11) 344,866 D
Common Stock 10/23/2025 S 50,000 D $2.5162(12) 419,867 D
Common Stock 10/21/2025 S 25,000 D $2.6944(13) 469,867 D
Common Stock 10/20/2025 S 75,000 D $2.4821(14) 494,867 D
Common Stock 10/17/2025 S 10,000 D $2.2901(15) 569,867 D
Common Stock 10/16/2025 S 25,000 D $2.4253(16) 579,867 D
Common Stock 10/15/2025 S 2,871 D $2.5651 604,867 D
Common Stock 10/14/2025 S 40,000 D $2.5594(17) 607,738 D
Common Stock 10/13/2025 S 35,000 D $2.5594(18) 647,738 D
Common Stock 10/10/2025 S 5,000 D $2.5818 682,738 D
Common Stock 10/07/2025 S 55,000 D $2.83 687,738 D
Common Stock 10/06/2025 S 25,100 D $2.91 742,738 D
Common Stock 10/03/2025 S 51,501 D $2.74 767,838 D
Common Stock 10/02/2025 S 25,000 D $2.5792 819,339 D
Common Stock 07/10/2025 S 15,000 D $1.5(19) 844,339 D
Common Stock 06/13/2025 S 10,000 D $1.7101(20) 859,339 D
Common Stock 5,451,053 I By Family Trust
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
NORRIS ELWOOD G
15891 BLUE CRYSTAL TRAIL
POWAY, CA 92064
X

Signatures

/s/ Elwood Norris 01/29/2026
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $2.0400 to $2.0706, inclusive. 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) of this Form 4. The amount reflected has been rounded to 4 decimal points.
(2) The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $2.0000 to $2.1115, inclusive. 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 (2) of this Form 4. The amount reflected has been rounded to 4 decimal points.
(3) The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $2.0000 to $2.0500, inclusive. 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 (3) of this Form 4. The amount reflected has been rounded to 4 decimal points.
(4) The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $2.1501 to $2.4600, inclusive. 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 (4) of this Form 4. The amount reflected has been rounded to 4 decimal points.
(5) The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $2.0650 to $2.1301, inclusive. 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 (5) of this Form 4. The amount reflected has been rounded to 4 decimal points.
(6) The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $2.1100 to $2.2500, inclusive. 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 (6) of this Form 4. The amount reflected has been rounded to 4 decimal points.
(7) The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $2.2000 to $2.2200, inclusive. 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 (7) of this Form 4. The amount reflected has been rounded to 4 decimal points.
(8) The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $2.8000 to $2.8586, inclusive. 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 (8) of this Form 4. The amount reflected has been rounded to 4 decimal points.
(9) The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $2.7500 to $2.8001, inclusive. 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 (9) of this Form 4. The amount reflected has been rounded to 4 decimal points.
(10) The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $2.6500 to $2.7500, inclusive. 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 (10) of this Form 4. The amount reflected has been rounded to 4 decimal points.
(11) The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $2.5001 to $2.7929, inclusive. 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 (11) of this Form 4. The amount reflected has been rounded to 4 decimal points.
(12) The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $2.4800 to $2.5616, inclusive. 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 (12) of this Form 4. The amount reflected has been rounded to 4 decimal points.
(13) The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $2.6701 to $2.7000, inclusive. 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 (13) of this Form 4. The amount reflected has been rounded to 4 decimal points.
(14) The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $2.3801 to $2.5350, inclusive. 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 (14) of this Form 4. The amount reflected has been rounded to 4 decimal points.
(15) The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $2.2800 to $2.3001, inclusive. 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 (15) of this Form 4. The amount reflected has been rounded to 4 decimal points.
(16) The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $2.4035 to $2.4414, inclusive. 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 (16) of this Form 4. The amount reflected has been rounded to 4 decimal points.
(17) The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $2.5404 to $2.6150, inclusive. 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 (17) of this Form 4. The amount reflected has been rounded to 4 decimal points.
(18) The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $2.5200 to $2.5798, inclusive. 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 (18) of this Form 4. The amount reflected has been rounded to 4 decimal points.
(19) The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $1.4903 to $1.5096, inclusive. 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 (19) of this Form 4. The amount reflected has been rounded to 4 decimal points.
(20) The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $1.6998 to $1.7205, inclusive. 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 (20) of this Form 4. The amount reflected has been rounded to 4 decimal points.
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.
Wrap Technologies Inc. published this content on January 29, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on January 30, 2026 at 02:30 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]