Bernstein Bruce 4

What Happened

• Bruce Bernstein, a director of WRAP TECHNOLOGIES, INC. (WRAP), was granted 34,998 shares as a derivative award on July 1, 2026. The award is reported at a $0 acquisition price, indicating a non-cash equity grant (e.g., restricted stock units or similar). The Form 4 reporting this transaction was filed on July 6, 2026.

Key Details

• Transaction date: 2026-07-01; Filing date: 2026-07-06
• Transaction type/code: Award/Grant (A) — derivative equity award
• Shares granted: 34,998; reported acquisition price: $0; reported cash value: $0
• Shares owned after transaction: not specified in the provided filing excerpt
• Footnotes or special plans (e.g., 10b5-1, tax withholding, vesting schedule): not included in the provided data
• Timeliness: filing date is July 6 for a July 1 transaction; filing appears timely based on provided dates (no late-filing flag given)

Context

• Derivative awards like this are commonly RSUs, performance shares, or other non-cash grants that typically vest over time or upon achievement of conditions; they do not necessarily represent an immediate purchase or sale of marketable shares.
• Such awards are a form of compensation or retention incentive for insiders. Retail investors should note these are not the same as open-market purchases, and any market impact depends on vesting and potential future sales.