NORRIS ELWOOD G 4
4 · WRAP TECHNOLOGIES, INC. · Filed Feb 3, 2026
Research Summary
AI-generated summary of this filing
WRAP Technologies 10% Owner Elwood G. Norris Sells Shares
What Happened
Elwood G. Norris, a reported 10% owner of WRAP Technologies, sold a total of 148,020 common shares in open-market transactions on January 28–29, 2026. He disposed of 68,020 shares on Jan 28 at a weighted average price of $2.46 (proceeds ≈ $167,458) and 80,000 shares on Jan 29 at a weighted average price of $2.21 (proceeds ≈ $176,560), for combined proceeds of about $344,018. These were outright sales (not purchases or option exercises) and therefore generally considered routine dispositions rather than an explicit bullish signal.
Key Details
- Transaction dates and prices:
- Jan 28, 2026: 68,020 shares sold; weighted avg price $2.46. (Per footnote: actual prices ranged $2.4400–$2.5200.)
- Jan 29, 2026: 80,000 shares sold; weighted avg price $2.21. (Per footnote: actual prices ranged $2.1400–$2.2600.)
- Total shares sold: 148,020; total reported proceeds ≈ $344,018.
- Shares owned after transaction: Not specified in the information provided.
- Footnotes: Prices are weighted averages; the filer can provide per-trade breakdowns on request (see F1 & F2).
- Filing timeliness: Form 4 was filed Feb 3, 2026; this is later than the typical 2-business-day deadline for Form 4s covering Jan 28–29 transactions.
Context
- As a 10% owner (not necessarily an executive), Norris is a significant shareholder; such owners file Form 4s but their sales can reflect personal or portfolio reasons rather than company outlook.
- No options, awards, or gifts were reported — these were direct share sales in the open market.
Insider Transaction Report
Form 4
NORRIS ELWOOD G
10% Owner
Transactions
- Sale
Common Stock
[F1]2026-01-28$2.46/sh−68,020$167,458→ 5,383,033 total(indirect: By Trust) - Sale
Common Stock
[F2]2026-01-29$2.21/sh−80,000$176,560→ 5,303,033 total(indirect: By Trust)
Footnotes (2)
- [F1]The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $2.4400 to $2.5200, 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.
- [F2]The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $2.1400 to $2.2600, 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.
Signature
/s/ Elwood Norris|2026-02-03