SHULMAN JOHN D 4

4 · WRAP TECHNOLOGIES, INC. · Filed Feb 3, 2026

AI-generated summary of this filing

Updated Feb 4, 2026

WRAP Director John Shulman Buys 250k Shares, Receives 250k Warrants

What Happened

John D. Shulman, a director of WRAP Technologies, participated in a private placement on Feb 2, 2026. He acquired 250,000 common shares at $2.00 each (total $500,000) and was also reported as acquiring 250,000 derivative securities (PIPE warrants) at $0.00 (reported value $0).
The share purchase and the warrants were made under a Securities Purchase Agreement dated February 2, 2026. The warrants' exercise price is subject to adjustment if the company issues stock (or convertible securities) below $2.30.

Key Details

Transaction date: 2026-02-02 (reported 2026-02-03; filing appears timely)
Purchase: 250,000 common shares @ $2.00 = $500,000
Derivative: 250,000 PIPE warrants reported at $0.00 (see footnote re: purchase and price adjustment)
Ownership reporting: The securities are directly owned by Juggernaut Management, LLC and may be deemed beneficially owned by Shulman as Manager; Shulman disclaims ownership except for his pecuniary interest (per footnote).
Shares owned after transaction: Not specified in the provided filing details

Context

This is a direct purchase in a private placement (often viewed as a stronger signal than routine open-market buys because it typically reflects access to issuer financing), plus acquisition of warrants that give future upside if exercised. The warrants include an adjustment provision for future low-priced issuances.
The derivative was reported as an acquisition of warrants (code A); no immediate exercise or sale of stock was reported.

Form 4

Period: 2026-02-02

Director

Transactions

Award
Common Stock
[F1][F2]
2026-02-02$2.00/sh+250,000$500,000→ 250,000 total(indirect: By LLC)
Award
Warrants
[F3][F2]
2026-02-02+250,000→ 250,000 total(indirect: By LLC)
Exercise: $2.30From: 2026-02-03Exp: 2031-02-03→ Common Stock (250,000 underlying)

Holdings

Footnotes (3)

[F1]Reflects shares of the Issuer's common stock, par value $0.0001 per share (the "common Stock"), purchased by the Reporting Person from the Issuer in a private placement pursuant to that certain Securities Purchase Agreement, dated as of February 2, 2026, by and among the Issuer and the investors signatory thereto (the "Purchase Agreement").
[F2]The reported securities are directly owned by Juggernaut Management, LLC ("Juggernaut") and may be deemed to be beneficially owned by the Reporting Person as Manager of Juggernaut. The Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
[F3]The warrants (the "PIPE Warrants") were purchased by the Reporting Person from the Issuer in a private placement pursuant to the Purchase Agreement. The exercise price of the PIPE Warrants is subject to adjustment in the event of any issuances of Common Stock of the Issuer or securities convertible, exercisable or exchangeable for Common Stock, at a price below $2.30.

Signature

/s/ John D Shulman|2026-02-03

1 file