TJ Kennedy - 19 Apr 2022 Form 4 Insider Report for WRAP TECHNOLOGIES, INC. (WRAP)

Role
CHIEF EXECUTIVE OFFICER, Director
Signature
/s/ TJ Kennedy
Issuer symbol
WRAP
Transactions as of
19 Apr 2022
Net transactions value
$0
Form type
4
Filing time
22 Apr 2022, 06:00:15 UTC
Previous filing
28 Feb 2022
Next filing
16 Nov 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WRAP Common Stock Award +250,865 +2985% 259,268 19 Apr 2022 Direct F1, 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 Option (Right to Buy) Award +475,662 475,662 19 Apr 2022 Common Stock 475,662 $2.89 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Grant awarded in connection with the Reporting Person's appointment as Chief Executive Officer of the Issuer and pursuant to the Issuer's 2017 Equity Compensation Plan.
F2 Represents grant of restricted stock units. Shares will be issued upon vesting, and shall vest (i) 95,156 on April 18, 2023 and (ii) the remainder in two equal installments on each of April 18, 2024 and April 18, 2025, subject to continued employment and accelerated vesting upon certain events.
F3 Stock options shall vest in three equal annual installments beginning on April 18, 2023, subject to continued employment and accelerated vesting upon certain events.