Bernstein Bruce 4

What Happened
Bruce Bernstein, a director of WRAP Technologies, was granted 100,000 derivative securities (stock options/awards) on 2026-02-01. The Form 4 records the acquisition price as $0.00 (a grant); the filing does not report a cash purchase or exercise. Per the filing footnote, 33,000 of the options vested on the grant date and the remaining 67,000 will vest ratably in three annual tranches, subject to continued service.

Key Details

• Transaction date: 2026-02-01; Form 4 filed 2026-02-03 (timely filing).
• Transaction type/code: A — Grant/award of derivative securities (stock options).
• Amount: 100,000 options granted; acquisition price reported as $0.00.
• Vesting: 33,000 vested immediately; remaining 67,000 vest ratably over three years, contingent on continued service (Footnote F1).
• Shares owned after transaction: Not disclosed in the provided filing excerpt.
• No indication in the provided data of an immediate exercise, sale, 10b5-1 plan, or tax-withholding event.

Context
This was a compensation grant to a director, not an open-market purchase or sale. Vested options give the holder the right to buy shares (once exercised) but do not equal immediate common-share ownership unless exercised. Such grants are common for retaining and compensating executives and directors; future Form 4s would report any exercise or sale.