Savas Marc 4

What Happened

• Marc Savas, a director of WRAP Technologies, was granted 34,998 derivative shares on July 1, 2026. The reported acquisition price is $0.00 per share, so the filing lists a total cash value of $0.00. This was an equity award (grant), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-07-01; Filing date: 2026-07-06
• Transaction type: Award/Grant of derivative securities (Code A)
• Shares granted: 34,998; Price per share: $0.00; Reported cash value: $0.00
• Shares owned after transaction: Not specified in the filing
• Footnotes/disclosures: None disclosed (no 10b5-1 plan, tax withholding, or cashless exercise noted)
• Timeliness: The Form 4 was filed five days after the reported transaction; Form 4s are typically due within two business days, so reviewers may want to confirm whether this filing was late.

Context

• Grants of derivative shares are usually compensation-related (e.g., restricted stock units or similar awards) and may vest over time; they are not equivalent to an insider buying shares on the open market and do not by themselves indicate immediate buying or selling intent.