SHULMAN JOHN D 4

What Happened
John D. Shulman, a director of WRAP TECHNOLOGIES, INC. (WRAP), received a grant of 19,643 restricted stock units (RSUs) on April 1, 2026. The grant was issued at no cash cost (reported price $0.00). Of the 19,643 RSUs, 12,768 vested on the grant date and the remaining 6,875 RSUs vest ratably over eight monthly tranches. This was an equity award (not an open‑market purchase or sale).

Key Details

• Transaction date: 2026-04-01; Report filed: 2026-05-04 (filing appears late relative to the transaction date).
• Grant size: 19,643 RSUs; Reported acquisition price: $0.00 (award).
• Immediate vesting: 12,768 RSUs vested on grant date; Remaining: 6,875 RSUs vest ratably over eight monthly tranches.
• Shares owned after transaction: Not specified in the provided filing.
• Footnotes: F1 describes the RSU grant and vesting schedule; F2 indicates the reported securities are directly owned by Juggernaut Management, LLC and may be deemed beneficially owned by the reporting person as Manager (the reporting person disclaims beneficial ownership except to the extent of pecuniary interest).
• Filing timeliness: The Form 4 was filed more than a month after the reported transaction date (may be late).

Context
RSU grants are compensation awards that convert to actual shares as they vest; they carry no immediate cash outlay and aren't the same as an insider buying stock in the open market. The immediate vesting of 12,768 RSUs provides Shulman near-term equity exposure, while the remaining units vest over the next eight months. For retail investors, awards signal compensation alignment but are not a clear buy/sell signal about the insider’s view of the stock.