Thomas P. Smith - 01 Sep 2021 Form 4 Insider Report for WRAP TECHNOLOGIES, INC. (WRAP)

Source evidence Original filing metadata and source links for verification. 3 source fields
SEC form
4
Accepted by SEC
03 Sep 2021, 20:30:19 UTC
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ James A. Barnes, Attorney-in-Fact

Key filing fact

Thomas P. Smith filed Form 4 for WRAP TECHNOLOGIES, INC. (WRAP) on 03 Sep 2021.

Key facts

  • This page summarizes Thomas P. Smith's Form 4 filing for WRAP TECHNOLOGIES, INC. (WRAP).
  • 6 reported transactions and 4 derivative rows are listed below.
  • Accepted by SEC: 03 Sep 2021, 20:30.

Change

  • No earlier filing in this sequence is available for direct comparison.
  • Current net transaction value: -$153,651.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

WRAP transaction

Common Stock

Options Exercise

Transaction value
$84,991
Shares
+19,951
Change %
Price
$4.26
Shares after
19,951
Date
01 Sep 2021
Ownership
Direct
WRAP transaction

Common Stock

Sale

Transaction value
$146,241
Shares
-19,951
Change %
-100%
Price
$7.33
Shares after
0
Date
01 Sep 2021
Ownership
Direct
Footnotes
F1
WRAP transaction

Common Stock

Options Exercise

Transaction value
$136,678
Shares
+32,084
Change %
Price
$4.26
Shares after
32,084
Date
02 Sep 2021
Ownership
Direct
WRAP transaction

Common Stock

Sale

Transaction value
$229,080
Shares
-32,084
Change %
-100%
Price
$7.14
Shares after
0
Date
02 Sep 2021
Ownership
Direct
Footnotes
F2

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

WRAP transaction Derivative

Stock Options

Options Exercise

Transaction value
$0
Shares
-19,951
Change %
-18%
Price
$0.000000
Shares after
90,242
Date
01 Sep 2021
Ownership
Direct
Underlying class
Common Stock
Underlying amount
19,951
Exercise price
$4.26
Footnotes
F3
WRAP transaction Derivative

Stock Options

Options Exercise

Transaction value
$0
Shares
-32,084
Change %
-36%
Price
$0.000000
Shares after
58,158
Date
02 Sep 2021
Ownership
Direct
Underlying class
Common Stock
Underlying amount
32,084
Exercise price
$4.26
Footnotes
F3
WRAP holding Derivative

Stock Options

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
1,000,000
Date
01 Sep 2021
Ownership
Direct
Underlying class
Common Stock
Underlying amount
1,000,000
Exercise price
$5.41
Footnotes
F4
WRAP holding Derivative

Stock Options

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
400,000
Date
01 Sep 2021
Ownership
Direct
Underlying class
Common Stock
Underlying amount
400,000
Exercise price
$5.22
Footnotes
F5
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 5 footnotes

Footnote 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.

Footnote 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.

Footnote 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.

Footnote 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.

Footnote 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.

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