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

Role
CEO AND PRESIDENT, Director
Signature
/s/ Chris DeAlmeida, Attorney-in-Fact
Issuer symbol
WRAP
Transactions as of
24 Apr 2023
Transactions value $
-$19,948
Form type
4
Date filed
26 Apr 2023, 20:17
Previous filing
16 Nov 2022
Next filing
19 May 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 Award +64.7K +32.3% 265K 24 Apr 2023 Direct F1
transaction WRAP Common Stock Tax liability -$19.9K -16.8K -6.35% $1.19 248K 25 Apr 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.