Kevin W. Mullins - Apr 24, 2023 Form 4 Insider Report for WRAP TECHNOLOGIES, INC. (WRAP)

Role
CEO AND PRESIDENT, Director
Signature
/s/ Chris DeAlmeida, Attorney-in-Fact
Stock symbol
WRAP
Transactions as of
Apr 24, 2023
Transactions value $
-$19,948
Form type
4
Date filed
4/26/2023, 08:17 PM
Previous filing
Nov 16, 2022
Next filing
May 19, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WRAP Common Stock Award +64.7K +32.3% 265K Apr 24, 2023 Direct F1
transaction WRAP Common Stock Tax liability -$19.9K -16.8K -6.35% $1.19 248K Apr 25, 2023 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents award of restricted stock units to the Reporting Person by the Issuer for performance bonuses awarded for fiscal year 2022, which restricted stock units vest immediately on the date of the grant.
F2 The shares were sold to satisfy income tax withholding obligations relating to the vesting of previously reported restricted stock units. This sale is a result of the default provision under the Company's equity incentive plan and does not represent a discretionary trade by the Reporting Person.