SHULMAN JOHN D 4

What Happened
John D. Shulman, a director of WRAP Technologies, Inc. (WRAP), was granted/acquired 34,998 shares on July 1, 2026. The transaction is reported as an award/grant (code A) and a derivative acquisition with a reported price of $0.00 (Form 4 lists $0). This is a compensation/award-type issuance rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-07-01; Report filed: 2026-07-06 (Form 4 accession 0001493152-26-032215).
• Reported price per share: $0.00; shares acquired: 34,998 (reported as a derivative award).
• Shares owned after transaction: Not specified in the provided filing summary.
• Transaction code: A = Award/Grant. Report labels transaction as derivative.
• Filing timing: The Form 4 was filed five days after the transaction date (commonly reported within 2 business days); the filing therefore appears to have been submitted after the typical Form 4 reporting window.

Context
Awards/grants (like restricted stock or RSUs) are typically part of executive/director compensation and may vest over time; they do not necessarily indicate immediate buying or selling sentiment. Because this was an award (not a market purchase), it should be interpreted as compensation-related rather than a direct bullish signal. Retail investors wanting to judge insider confidence should combine this with other insider trades and company fundamentals.