WRAP 10% Owner Scot Cohen Receives Stock Award

What Happened
Scot Cohen, a reported 10% owner of WRAP Technologies, received two awards on 2026-09-04 totaling 46,876 shares of common stock (19,532 and 27,344 shares). Both acquisitions were recorded at $0.00 per share — the shares were issued as a dividend/payment on the issuer’s Series A Convertible Preferred Stock, so no cash was paid.

Key Details

• Transaction date: 2026-09-04; Form filed: 2026-09-09 (appears to be filed late relative to the 2-business-day Form 4 deadline).
• Transaction type/code: A (Grant/award or other acquisition). Price: $0.00 per share. Total shares acquired: 46,876.
• Shares owned after transaction: Not disclosed in the filing.
• Footnotes: F1 — shares issued as dividend on Series A Convertible Preferred Stock; F2 — some reported securities are owned by V4 Global LLC, which Cohen manages (he disclaims beneficial ownership except pecuniary interest); F3 — some securities are held in Scot Cohen Roth IRA (he is the sole holder).
• Filing timeliness: Filing date is five days after the transaction date; this appears late under typical Form 4 rules.

Context
This was a non-cash issuance (dividend/award), not an open-market purchase or sale, so it does not signal a personal cash investment or divestment by Cohen. As a 10% owner with holdings through an LLC and an IRA, these transactions reflect institutional/holder mechanics rather than routine executive trading.