WRAP TECHNOLOGIES, INC. — Director's Dealing 2020

Oct 10, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: WRAP TECHNOLOGIES, INC. (WRTC)
CIK: 0001702924
Period of Report: 2020-08-14

Reporting Person: Norris David G (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-08-14	Common Stock	D	56936	—	Disposed	28468	Direct
2020-09-16	Common Stock	A	7160	$8.03	Acquired	35628	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1808128	Indirect

Footnotes

F1: On August 14, 2020, the Issuer cancelled 56,936 unvested Restricted Stock Units ("RSUs") out of the 85,404 RSUs that were originally awarded to the Reporting Person on May 23, 2019. The remaining 28,468 RSUs had vested and were settled in shares of Common Stock of the Issuer.

F2: On September 16, 2020 the Issuer awarded the Reporting Person 7,160 RSUs. The RSUs represent a contingent right to receive shares of the Issuer's Common stock on a one-for-one basis upon settlement. The RSUs are subject to a three-year vesting schedule, whereby (i) 1/3rd of the RSUs shall vest one year from the date of the grant, and (ii) for years two and three of the vesting schedule, the remaining 2/3rds of the RSUs shall vest in equal installments every six months.