---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-26-041992"
form_type: "8-K"
ticker: "WRAP"
cik: "0001702924"
company_name: "WRAP TECHNOLOGIES, INC."
filed_at: "2026-09-09T21:14:43+00:00"
generated_at: "2026-09-09T21:16:06.360607+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-26-041992
- form_type: 8-K
- ticker: WRAP
- cik: 0001702924
- company_name: WRAP TECHNOLOGIES, INC.
- filed_at: 2026-09-09T21:14:43+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1702924/000149315226041992/0001493152-26-041992-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1702924/000149315226041992/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-041992
- JSON: https://secwatch.observer/filing/0001493152-26-041992.json
- Plain text: https://secwatch.observer/filing/0001493152-26-041992.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.