WRAP TECHNOLOGIES, INC. — Director's Dealing 2020

Dec 19, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: WRAP TECHNOLOGIES, INC. (WRAP)
CIK: 0001702924
Period of Report: 2020-12-16

Reporting Person: Norris David G (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-12-16	Common Stock	M	7500	$1.50	Acquired	43128	Direct
2020-12-16	Common Stock	S	7500	$5.42	Disposed	35628	Direct
2020-12-16	Common Stock	S	400000	$5	Disposed	1408128	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-12-16	Stock Options	$1.50	M	7500	Disposed	2023-05-23	Common Stock (7500)	Direct

Footnotes

F1: The sale of shares were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 18, 2020.

F2: On December 16, 2020, the Reporting Person sold the shares, in a private transaction, pursuant to a registration statement on Form S-3 declared effective by the Securities and Exchange Commission on July 10, 2020 (File No. 333-239329). In addition, the Reporting Person granted to the purchaser an option to purchase an additional 400,000 shares from the Reporting Person for $5.00 per share.

F3: 50% of the Stock Options vested on May 23, 2019, the one-year anniversary of the grant date, with the balance vesting monthly over 12 months thereafter. All options are fully vested as of May 23, 2020, subject to continued service.