NORRIS ELWOOD G 4

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.