Bernstein Bruce 4

What Happened Bruce Bernstein, a director of Wrap Technologies, Inc. (WRAP), received an award of 19,643 restricted stock units (RSUs) on April 1, 2026 (transaction code A). The grant is reported at $0.00 on the Form 4 (typical for unit awards); 12,768 of the RSUs vested on the grant date and the remaining 6,875 RSUs will vest ratably over eight monthly tranches. This was an equity award (compensation/award), not an open-market purchase or sale.

Key Details

• Transaction date and type: 2026-04-01 — Grant/Award of 19,643 RSUs (reported price $0.00).
• Immediate vesting: 12,768 RSUs vested on grant date; remaining 6,875 vest ratably in eight monthly tranches (per footnote).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Tax withholding / disposition: no tax withholding, sale, or cashless conversion noted in the footnote.
• Filing timing: Form 4 filed 2026-05-01 for an April 1 transaction — this appears to be later than the typical 2-business-day Form 4 reporting deadline.

Context RSU grants are typically part of compensation and do not by themselves signal a director buying or selling stock. Immediate vesting of a portion of the award provides Bernstein with vested shares right away; the remainder vests over the next eight months, which ties realized value to continued holding or employment. For retail investors, awards can dilute shares over time but are routine compensation for directors and executives; this filing documents the grant and vesting schedule rather than a market-directional trade.