David G. Norris - 16 Jun 2021 Form 4 Insider Report for WRAP TECHNOLOGIES, INC. (WRAP)

Role
Director
Signature
/s/ James A. Barnes, Attorney-in-Fact
Issuer symbol
WRAP
Transactions as of
16 Jun 2021
Transactions value $
-$58,200
Form type
4
Filing time
21 Jun 2021, 20:00:41 UTC
Previous filing
19 May 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WRAP Common Stock Options Exercise $11.3K +7.5K +9.65% $1.50 85.3K 16 Jun 2021 Direct F1
transaction WRAP Common Stock Sale -$69.5K -7.5K -8.8% $9.26* 77.8K 16 Jun 2021 Direct F1
holding WRAP Common Stock 1.41M 16 Jun 2021 By Family Trust

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction WRAP Stock Options Options Exercise $0 -7.5K -1.65% $0.00 448K 16 Jun 2021 Common Stock 7.5K $1.50 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 18, 2020.
F2 50% of the Stock Options vested on May 23, 2019, the one-year anniversary of the grant date, with the balance vesting monthly over 12 months thereafter. All options are fully vested as of May 23, 2020, subject to continued service.