Thomas P. Smith - Sep 1, 2021 Form 4 Insider Report for WRAP TECHNOLOGIES, INC. (WRAP)

Signature
/s/ James A. Barnes, Attorney-in-Fact
Stock symbol
WRAP
Transactions as of
Sep 1, 2021
Transactions value $
-$153,651
Form type
4
Date filed
9/3/2021, 08:30 PM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WRAP Common Stock Options Exercise $85K +20K $4.26 20K Sep 1, 2021 Direct
transaction WRAP Common Stock Sale -$146K -20K -100% $7.33 0 Sep 1, 2021 Direct F1
transaction WRAP Common Stock Options Exercise $137K +32.1K $4.26 32.1K Sep 2, 2021 Direct
transaction WRAP Common Stock Sale -$229K -32.1K -100% $7.14 0 Sep 2, 2021 Direct F2

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 -20K -18.11% $0.00 90.2K Sep 1, 2021 Common Stock 20K $4.26 Direct F3
transaction WRAP Stock Options Options Exercise $0 -32.1K -35.55% $0.00 58.2K Sep 2, 2021 Common Stock 32.1K $4.26 Direct F3
holding WRAP Stock Options 1M Sep 1, 2021 Common Stock 1M $5.41 Direct F4
holding WRAP Stock Options 400K Sep 1, 2021 Common Stock 400K $5.22 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction was executed in multiple sales prices ranging from $7.25 to $7.50. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff full information regarding the number of shares and prices at which the transactions were effected.
F2 This transaction was executed in multiple sales prices ranging from $7.06 to $7.26. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff full information regarding the number of shares and prices at which the transactions were effected.
F3 33% of the Stock Option grant for 110,193 shares vested on April 1, 2021, the one-year anniversary of the grant date, with the balance vesting monthly over 24 months thereafter. All options will be fully vested as of April 1, 2023, subject to continued service and the terms of the grant and the 2017 Stock Incentive Plan.
F4 33% of the Stock Option grant for 1,000,000 shares vested March 18, 2020, the one-year anniversary of the grant date, with the balance vesting monthly over 24 months thereafter. All options will be fully vested as of March 18, 2022, subject to continued service and the terms of the grant and the 2017 Stock Incentive Plan.
F5 33% of the Stock Option grant for 400,000 shares will vest on March 8, 2022, the one-year anniversary of the grant date, with the balance vesting monthly over 24 months thereafter. All options will be fully vested as of March 8, 2024, subject to continued service and the terms of the grant and the 2017 Stock Incentive Plan.