Srinivasan Rajiv 4

What Happened

• Srinivasan Rajiv, a director of WRAP Technologies, was granted 50,000 derivative securities (stock-option-style award) on 2026-02-01. The award was reported at $0.00 consideration (i.e., an equity grant, not a market purchase). No exercise or sale was reported in this filing.

Key Details

• Transaction date: 2026-02-01; Filing date: 2026-02-03 (appears timely within the 2-business-day Form 4 window).
• Transaction type/code: A — Grant / Award (derivative securities).
• Reported consideration: $0.00 (award granted, not purchased).
• Vesting: 16,500 options vested on grant; the remaining 33,500 will vest ratably in three annual tranches thereafter, subject to continued service (footnote).
• Shares owned after transaction: Not disclosed in the provided filing excerpt.
• No 10b5-1 plan, tax withholding, or cashless exercise noted in the provided data.

Context

• This is a compensation grant, which is common for directors and does not by itself indicate buying or selling sentiment. The immediate vesting of 16,500 options gives Rajiv the right to exercise that portion per award terms, but this filing does not show any exercise or sale. Retail investors should view grants primarily as compensation-related rather than direct market-timing signals.