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

Role: Director
Signature: /s/ James A. Barnes, Attorney-in-Fact
Issuer symbol: WRAP
Transactions as of: 17 May 2021
Net transactions value: -$32,625
Form type: 4
Filing time: 19 May 2021, 20:00:27 UTC
Next filing: 21 Jun 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	WRAP	Common Stock	Options Exercise	$11,250	+7,500	+9.6%	$1.50	85,260	17 May 2021	Direct	F1
transaction	WRAP	Common Stock	Sale	$43,875	-7,500	-8.8%	$5.85	77,760	17 May 2021	Direct	F1
holding	WRAP	Common Stock						1,408,128	17 May 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	-7,500	-1.6%	$0.000000	455,000	17 May 2021	Common Stock	7,500	$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.