Cohen Scot 4

What Happened

• Scot Cohen, a reported 10% owner of WRAP Technologies (WRAP), received two awards totaling 10,984 shares (6,408 and 4,576) on July 7, 2026 at $0.00 per share (issued as payment of dividends on Series A convertible preferred stock). He then made an open‑market purchase of 21,740 shares on July 8, 2026 at $1.10 per share, costing $23,914. The awards were issued with no cash price; the open‑market purchase was a paid acquisition.

Key Details

• Transaction dates and prices:
  • 2026-07-07: Award/other acquisition — 6,408 shares @ $0.00 (F1)
  • 2026-07-07: Award/other acquisition — 4,576 shares @ $0.00 (F1)
  • 2026-07-08: Open market purchase — 21,740 shares @ $1.10 = $23,914
• Filing: Form 4 filed 2026-07-09 (filed within the usual 2-business‑day window for Section 16 insiders).
• Shares owned after transaction: Not specified in the provided excerpt of the filing.
• Footnotes:
  • F1: Awards represent common stock issued as dividend payments on the issuer’s Series A convertible preferred stock.
  • F2: The reported shares are held directly by V4 Global LLC; Cohen is the managing member and may be deemed to beneficially own them but disclaims ownership except for his pecuniary interest.
• Transaction codes: A = Award/other acquisition; P = Purchase (open market).

Context

• The awards were dividend-related issuances, not option exercises or reported compensation grants. Dividend-issued shares at $0.00 reflect conversion/issuance mechanics rather than a purchased investment.
• The open‑market purchase is a straightforward buy; purchases can be more informative to investors than sales but do not by themselves explain motivation.
• As a 10% owner reporting via an entity (V4 Global LLC), this filing reflects ownership through an investment vehicle rather than necessarily direct executive trading.