THOMAS P. SMITH - 01 Sep 2021 Form 4 Insider Report for WRAP TECHNOLOGIES, INC. (WRAP)

Role: CHIEF EXECUTIVE OFFICER, Director
Signature: /s/ James A. Barnes, Attorney-in-Fact
Issuer symbol: WRAP
Transactions as of: 01 Sep 2021
Net transactions value: -$153,651
Form type: 4
Filing time: 03 Sep 2021, 20:30:19 UTC
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	$84,991	+19,951		$4.26	19,951	01 Sep 2021	Direct
transaction	WRAP	Common Stock	Sale	$146,241	-19,951	-100%	$7.33	0	01 Sep 2021	Direct	F1
transaction	WRAP	Common Stock	Options Exercise	$136,678	+32,084		$4.26	32,084	02 Sep 2021	Direct
transaction	WRAP	Common Stock	Sale	$229,080	-32,084	-100%	$7.14	0	02 Sep 2021	Direct	F2

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	-19,951	-18%	$0.000000	90,242	01 Sep 2021	Common Stock	19,951	$4.26	Direct	F3
transaction	WRAP	Stock Options	Options Exercise	$0	-32,084	-36%	$0.000000	58,158	02 Sep 2021	Common Stock	32,084	$4.26	Direct	F3
holding	WRAP	Stock Options						1,000,000	01 Sep 2021	Common Stock	1,000,000	$5.41	Direct	F4
holding	WRAP	Stock Options						400,000	01 Sep 2021	Common Stock	400,000	$5.22	Direct	F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	This transaction was executed in multiple sales prices ranging from $7.25 to $7.50. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff full information regarding the number of shares and prices at which the transactions were effected.
F2	This transaction was executed in multiple sales prices ranging from $7.06 to $7.26. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff full information regarding the number of shares and prices at which the transactions were effected.
F3	33% of the Stock Option grant for 110,193 shares vested on April 1, 2021, the one-year anniversary of the grant date, with the balance vesting monthly over 24 months thereafter. All options will be fully vested as of April 1, 2023, subject to continued service and the terms of the grant and the 2017 Stock Incentive Plan.
F4	33% of the Stock Option grant for 1,000,000 shares vested March 18, 2020, the one-year anniversary of the grant date, with the balance vesting monthly over 24 months thereafter. All options will be fully vested as of March 18, 2022, subject to continued service and the terms of the grant and the 2017 Stock Incentive Plan.
F5	33% of the Stock Option grant for 400,000 shares will vest on March 8, 2022, the one-year anniversary of the grant date, with the balance vesting monthly over 24 months thereafter. All options will be fully vested as of March 8, 2024, subject to continued service and the terms of the grant and the 2017 Stock Incentive Plan.