NORRIS ELWOOD G 4

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.