Glenn M. Hickman - 01 Jul 2021 Form 3 Insider Report for WRAP TECHNOLOGIES, INC. (WRAP)

Signature
/s/ James A. Barnes, Attorney-in-Fact
Issuer symbol
WRAP
Transactions as of
01 Jul 2021
Net transactions value
$0
Form type
3
Filing time
08 Jul 2021, 16:30:30 UTC
Next filing
06 Dec 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding WRAP Common Stock 30,000 01 Jul 2021 Direct F1

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
holding WRAP Stock Options 01 Jul 2021 Common Stock 70,000 $5.50 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents restricted stock units ("RSUs"). RSUs will be issued upon vesting, and shall vest one third on July 1, 2022, with the balance vesting ratably every six months over the next two years thereafter.
F2 One third of the stock options shall vest on July 1, 2022, with the balance vesting ratably each month beginning August 1, 2022 over the next two years thereafter.