Cohen Scot 4

What Happened

• Scot Cohen, reported as a 10% owner (managing member of V4 Global LLC), acquired 475,000 shares of WRAP Technologies common stock at $2.00 per share on Feb 2, 2026, for $950,000 in a private placement.
• The filing also reports several additional acquisitions (awards/derivative instruments) totaling 2,578,449 shares/warrants/options received at $0.00 reported consideration (aggregate across Feb 1–3, 2026), bringing the total newly reported interest to 3,053,449 instruments. Footnotes indicate these include shares issued as preferred-stock dividends, warrants purchased in the same private placement, and stock option awards with vesting conditions.

Key Details

• Transaction dates/prices: Feb 1–3, 2026. Paid purchase: 475,000 shares @ $2.00 (total $950,000). Other reported acquisitions recorded at $0.00 (see footnotes for nature).
• Total instruments acquired in this filing: 3,053,449 (475,000 paid + 2,578,449 awards/derivatives).
• Ownership: Reported securities are directly owned by V4 Global LLC and may be deemed beneficially owned by Cohen as managing member (see F2); Cohen disclaims beneficial ownership except to extent of pecuniary interest. The filing does not state Cohen’s total shares owned after the transactions.
• Notable footnotes: F1 = private placement purchase; F3 = shares issued as dividend on Series A convertible preferred; F4 = PIPE warrants purchased in the placement (exercise price adjustable if future issuances occur below $2.30); F5 = stock options vesting schedule (25% immediate, remainder over 3 years, possible acceleration on market-cap milestones).
• Timeliness: Filing dated Feb 3, 2026 covering transactions through Feb 3 appears timely; no late filing flag indicated.

Context

• This filing combines a cash purchase (the $950K private placement) — a direct purchase that many investors view as a concrete insider buy — with several awards/derivative acquisitions (warrants, dividend shares, and option grants).
• The option awards (per F5) vest over time (25% immediate, remaining vesting ratably over three years) and may accelerate on certain milestones; warrants have an adjustable exercise price per F4.
• As a 10% owner via an LLC, Cohen’s transactions reflect significant investor-level participation rather than routine employee open-market trades.