Elwood G. Norris - 29 Sep 2021 Form 4 Insider Report for WRAP TECHNOLOGIES, INC. (WRAP)

Role: 10%+ Owner
Signature: /s/ James A. Barnes, Attorney-in-Fact
Issuer symbol: WRAP
Transactions as of: 29 Sep 2021
Net transactions value: +$225,000
Form type: 4
Filing time: 30 Sep 2021, 13:56:18 UTC
Next filing: 25 Apr 2023
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	$225,000	+150,000	+18%	$1.50	1,000,904	29 Sep 2021	Direct
holding	WRAP	Common Stock						5,451,553	29 Sep 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	-150,000	-100%	$0.000000^*	0	29 Sep 2021	Common Stock	150,000	$1.50	Direct	F1

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

Explanation of Responses:

Id	Content
F1	50% of the Stock Options vested immediately, with the remainder vesting on the one-year anniversary of the grant date on 05/23/2019.