WRAP Technologies 10% Owner Scot Cohen Buys Stock

What Happened Scot Cohen, a reported 10% owner of WRAP Technologies (WRAP), purchased 209,353 shares of WRAP common stock on July 8, 2026 at $1.10 per share, for a total of approximately $230,288. The transaction is reported as a purchase (code P), which is generally viewed as a more informative (bullish) signal than routine sales.

Key Details

• Transaction date and price: July 8, 2026 — 209,353 shares at $1.10 per share (≈ $230,288).
• Transaction type: Open-market or private purchase (Form 4 code P).
• Shares owned after transaction: Not specified in the excerpt of this filing.
• Filing/Amendment: This is an amended Form 4 filed July 10, 2026 to correct the Original Form 4 (filed July 9, 2026). The amendment corrects (a) the purchased share count (originally reported as 21,740; actual 209,353) and (b) the form of ownership — the shares are directly held by “Scot Cohen Roth IRA,” not held directly by the reporting person, per footnote F1.
• No 10b5-1 plan, tax withholding, or option exercise is indicated in this filing.

Context

• As a 10% owner (not shown here as an executive title), this is institutional/insider-level ownership rather than an executive compensation action. Purchases by significant holders can signal increased insider interest, but the filing provides no comment on motivation.
• Because this is an amended filing correcting quantity and ownership, retail investors should rely on the corrected numbers (209,353 shares held in the Roth IRA) rather than the original report.