David G. Norris - May 17, 2021 Form 4 Insider Report for WRAP TECHNOLOGIES, INC. (WRAP)

Role: Director
Signature: /s/ James A. Barnes, Attorney-in-Fact
Stock symbol: WRAP
Transactions as of: May 17, 2021
Transactions value $: -$32,625
Form type: 4
Date filed: 5/19/2021, 08:00 PM
Next filing: Jun 21, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	WRAP	Common Stock	Options Exercise	$11.3K	+7.5K	+9.65%	$1.50	85.3K	May 17, 2021	Direct	F1
transaction	WRAP	Common Stock	Sale	-$43.9K	-7.5K	-8.8%	$5.85	77.8K	May 17, 2021	Direct	F1
holding	WRAP	Common Stock						1.41M	May 17, 2021	By Family Trust

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	WRAP	Stock Options	Options Exercise	$0	-7.5K	-1.62%	$0.00	455K	May 17, 2021	Common Stock	7.5K	$1.50	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 18, 2020.
F2	50% of the Stock Options vested on May 23, 2019, the one-year anniversary of the grant date, with the balance vesting monthly over 12 months thereafter. All options are fully vested as of May 23, 2020, subject to continued service.