WRAP TECHNOLOGIES, INC. — Director's Dealing 2023

Jul 7, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: WRAP TECHNOLOGIES, INC. (WRAP)
CIK: 0001702924
Period of Report: 2023-07-05

Reporting Person: Cohen Scot (N/A)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-07-05	Series A Convertible Preferred Stock	$1.45	P	1250	Acquired		Common Stock (862069)	Direct
2023-07-05	Warrants	$1.45	P	862069	Acquired	2028-07-05	Common Stock (862069)	Direct
2023-07-05	Series A Convertible Preferred Stock	$1.45	P	1750	Acquired		Common Stock (1206897)	Indirect
2023-07-05	Warrants	$1.45	P	1206897	Acquired	2028-07-05	Common Stock (1206897)	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	4985151	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Options	$5.56	2031-04-01	Common Stock (100000)	100000	Direct

Footnotes

F1: The Series A Convertible Preferred Stock ("Preferred Shares") conversion price is subject to adjustment in the event of any issuances of shares of the Issuer's common stock ("Common Stock"), or securities convertible, exercisable or exchangeable for Common Stock, at a price below $1.45.

F2: The Reporting Person's ability to convert the Preferred Shares is conditioned on stockholder approval in compliance with the rules and regulations of The Nasdaq Capital Market.

F3: Shares of Series A Convertible Preferred Stock do not expire.

F4: The Preferred Shares and Warrants reported herein were acquired pursuant to a Securities Purchase Agreement by and between the Reporting Person and the Issuer, which transaction was approved by the Board of Directors of the Issuer, whereby the Reporting Person acquired each Preferred Share and associated Warrant at a purchase price of $1,000 per Preferred Share.

F5: The conversion price of the Warrants is subject to adjustment in the event of any issuances of Common Stock, or securities convertible, exercisable or exchangeable for Common Stock, at a price below $1.45.

F6: The Warrants will become exercisable on January 3, 2024, subject to stockholder approval in compliance with the rules and regulations of the Nasdaq Capital Market.

F7: Stock option was issued on April 1, 2021, reported on a Form 4 filed on April 5, 2021, and is fully vested.