secwatch.observer — SEC 8-K summary
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Issuer:     WRAP TECHNOLOGIES, INC. (WRAP)
CIK:        0001702924
Form:       8-K
Filed at:   2025-02-11T23:59:59+00:00
Accession:  0001437749-25-003433
Event type: other
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Wrap Technologies grants 500k RSUs and 1M stock options to CEO and COO
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- CEO Scot Cohen and COO Jared Novick each received 250,000 RSUs that vested immediately on Feb 5, 2025.
- Each also received options to buy 500,000 shares at $1.98, vesting in four equal annual installments.
- Grants made under the 2017 Equity Compensation Plan.
- Total potential dilution: 500k shares from RSUs and up to 1M shares from options.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1702924/000143774925003433/0001437749-25-003433-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1702924/000143774925003433/wrap20250211_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-25-003433

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer