Cohen Scot 4

What Happened
Scot Cohen, identified as a 10% owner of WRAP Technologies, received 52,175 shares of WRAP common stock on June 5, 2026 via two award/acquisition entries. The grants were for 30,435 shares and 21,740 shares, each reported at $0.00 per share (total cash cost $0) and designated as transaction code “A” (grant/award or other acquisition).

Key Details

• Transaction date: 2026-06-05 (reported same day).
• Securities: 30,435 shares and 21,740 shares of common stock; combined = 52,175 shares. Price reported: $0.00 per share (no cash paid).
• Shares owned after transaction: not specified in the filing.
• Footnote F1: These shares were issued as payment of dividends on the issuer’s Series A Convertible Preferred Stock.
• Footnote F2: The shares are directly owned by V4 Global LLC; Scot Cohen may be deemed beneficial owner as managing member of V4 and disclaims ownership except for his pecuniary interest.
• Filing timeliness: Reported for the same date as the transactions (no late filing indicated).

Context
These awards were dividend payments on preferred stock rather than open-market purchases or option exercises. For retail investors, such dividend-paid issuances are corporate actions that increase insider-held shares but do not necessarily signal a buy/sell decision by the individual. As a 10% owner reporting through an LLC, this reflects institutional ownership structure rather than routine executive trading.