Wrap Technologies grants CEO Cohen 4M and COO Novick 2M performance shares; extends option exercise period

WRAP TECHNOLOGIES, INC.

Cohen and Novick each get $200k base salary, 2-year initial term, 12-month severance on qualifying termination.
Cohen receives 4M performance restricted shares; Novick 2M; vesting at market caps $150M-$506.25M over 45 consecutive trading days.
1.6M of Cohen's and 800k of Novick's shares are void unless stockholders approve share increase by March 15, 2027.
Stock option agreements amended to extend post-termination exercise period from 3 months to 24 months for both executives.

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