NORRIS ELWOOD G 4
4 · WRAP TECHNOLOGIES, INC. · Filed Jan 29, 2026
Research Summary
AI-generated summary of this filing
WRAP Technologies (WRAP) 10% Owner Elwood Norris Sells 814K Shares
What Happened
Elwood G. Norris, a reported 10% owner of WRAP Technologies, sold a total of 814,411 WRAP shares in numerous open‑market transactions between June 13 and November 28, 2025. The sales occurred at prices ranging roughly from $1.50 to $2.91 per share, generating aggregate proceeds of about $2,046,283. These were sales (code S), not purchases or option exercises — typically a liquidity event rather than a bullish signal.
Key Details
- Transaction dates: 2025-06-13 through 2025-11-28 (multiple trades across June, July, Oct & Nov 2025).
- Share totals & proceeds: 814,411 shares sold for approximately $2,046,283 total. Individual trades ranged from 2,871 to 75,001 shares.
- Price range: roughly $1.50 (low) to $2.91 (high); many trades use weighted-average prices (see footnotes).
- Shares owned after transaction: Not specified in the provided filing data.
- Filing: Form 4 was filed 2026-01-29. Because most trades occurred in 2025, this filing appears delayed relative to those transactions.
- Footnotes: Multiple footnotes (F1–F20) state reported prices are weighted averages for blocks sold at price ranges (e.g., $1.4903–$1.5096, $2.0400–$2.0706, $2.6500–$2.7500, etc.). The reporting person offers to provide per‑price breakdowns on request.
- Transaction code: S = Sale.
Context
- As a 10% owner, Norris is a large shareholder rather than necessarily an executive; large block sales often reflect portfolio/liquidity management.
- These sales were open‑market disposals (not option exercises or grants). The presence of weighted‑average price footnotes means several lots were aggregated for reporting; detailed per‑lot prices can be requested from the filer or SEC staff.
- Filing timeliness: the January 2026 submission reports many 2025 trades — retail investors should note the apparent late filing when assessing the timeliness of insider disclosures.
If you want, I can break down the biggest individual trades (dates, shares, and proceeds) or highlight the trades by month.
Insider Transaction Report
Form 4
NORRIS ELWOOD G
10% Owner
Transactions
- Sale
Common Stock
2025-11-28$2.15/sh−5,000$10,765→ 54,928 total - Sale
Common Stock
2025-11-26$2.14/sh−5,000$10,710→ 59,928 total - Sale
Common Stock
[F1]2025-11-24$2.06/sh−30,000$61,653→ 64,928 total - Sale
Common Stock
[F2]2025-11-21$2.06/sh−10,536$21,688→ 94,928 total - Sale
Common Stock
[F3]2025-11-20$2.02/sh−17,008$34,315→ 105,464 total - Sale
Common Stock
2025-11-19$2.02/sh−3,013$6,086→ 122,472 total - Sale
Common Stock
[F4]2025-11-14$2.36/sh−55,000$129,701→ 125,485 total - Sale
Common Stock
[F5]2025-11-13$2.09/sh−20,000$41,784→ 180,485 total - Sale
Common Stock
[F6]2025-11-12$2.16/sh−25,000$54,027→ 200,485 total - Sale
Common Stock
[F7]2025-11-11$2.20/sh−5,000$11,005→ 225,485 total - Sale
Common Stock
[F8]2025-10-31$2.82/sh−55,000$154,974→ 230,485 total - Sale
Common Stock
[F9]2025-10-30$2.77/sh−54,381$150,809→ 285,485 total - Sale
Common Stock
[F10]2025-10-27$2.65/sh−5,000$13,273→ 339,866 total - Sale
Common Stock
[F11]2025-10-24$2.62/sh−75,001$196,518→ 344,866 total - Sale
Common Stock
[F12]2025-10-23$2.52/sh−50,000$125,810→ 419,867 total - Sale
Common Stock
[F13]2025-10-21$2.69/sh−25,000$67,360→ 469,867 total - Sale
Common Stock
[F14]2025-10-20$2.48/sh−75,000$186,158→ 494,867 total - Sale
Common Stock
[F15]2025-10-17$2.29/sh−10,000$22,901→ 569,867 total - Sale
Common Stock
[F16]2025-10-16$2.43/sh−25,000$60,633→ 579,867 total - Sale
Common Stock
2025-10-15$2.57/sh−2,871$7,364→ 604,867 total - Sale
Common Stock
[F17]2025-10-14$2.56/sh−40,000$102,376→ 607,738 total - Sale
Common Stock
[F18]2025-10-13$2.56/sh−35,000$89,579→ 647,738 total - Sale
Common Stock
2025-10-10$2.58/sh−5,000$12,909→ 682,738 total - Sale
Common Stock
2025-10-07$2.83/sh−55,000$155,650→ 687,738 total - Sale
Common Stock
2025-10-06$2.91/sh−25,100$73,041→ 742,738 total - Sale
Common Stock
2025-10-03$2.74/sh−51,501$141,113→ 767,838 total - Sale
Common Stock
2025-10-02$2.58/sh−25,000$64,480→ 819,339 total - Sale
Common Stock
[F19]2025-07-10$1.50/sh−15,000$22,500→ 844,339 total - Sale
Common Stock
[F20]2025-06-13$1.71/sh−10,000$17,101→ 859,339 total
Holdings
- 5,451,053(indirect: By Trust)
Common Stock
Footnotes (20)
- [F1]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.
- [F10]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.
- [F11]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.
- [F12]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.
- [F13]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.
- [F14]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.
- [F15]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.
- [F16]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.
- [F17]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.
- [F18]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.
- [F19]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.
- [F2]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.
- [F20]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.
- [F3]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.
- [F4]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.
- [F5]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.
- [F6]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.
- [F7]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.
- [F8]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.
- [F9]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.
Signature
/s/ Elwood Norris|2026-01-29