NORRIS ELWOOD G 4

What Happened
Elwood G. Norris, reported as a 10% owner of WRAP Technologies, sold a total of 189,095 common shares in a series of open-market transactions between Feb 2 and Feb 10, 2026. The individual transactions reported were: Feb 2 — 31,991 shares at a weighted average ~$2.08 ($66,439); Feb 3 — 20,000 shares at ~$2.20 ($44,020); Feb 6 — 75,000 shares at ~$1.87 ($140,573); Feb 9 — 35,000 shares at ~$1.82 ($63,574); Feb 10 — 27,104 shares at ~$1.82 ($49,291). Total reported proceeds are approximately $363,897. These were sales (not purchases), which are generally routine cashing‑out activity rather than a direct bullish signal.

Key Details

• Transaction dates & reported amounts: Feb 2, 31,991 sh @ ~$2.08; Feb 3, 20,000 sh @ ~$2.20; Feb 6, 75,000 sh @ ~$1.87; Feb 9, 35,000 sh @ ~$1.82; Feb 10, 27,104 sh @ ~$1.82. Total ≈189,095 shares, ≈$363,897 proceeds.
• Shares owned after transaction: Filing states Mr. Norris no longer beneficially owns 10% or more of the common stock (exact post-sale holdings not provided in the filing).
• Footnotes: The reported prices are weighted averages; the filing notes each sale was made in multiple transactions at varying prices and that the reporting person will provide detailed per‑trade price breakdowns on request.
• Timeliness: The Form 4 was filed May 5, 2026 while the trades occurred Feb 2–10, 2026; this filing appears untimely (filed several months after the trades).
• Other notes: The filing says subsequent sales by Mr. Norris are not listed and that he made no purchases of the common stock since Feb 10, 2026.

Context
As a 10% owner (a large shareholder), these sales reflect a major-holder liquidation rather than an officer/director purchase; such sales can be for many reasons (liquidity, portfolio rebalancing, etc.) and do not by themselves indicate company performance. Purchases generally carry more weight as a bullish signal; here the activity was all sales.