<SEC-DOCUMENT>0001415889-23-014300.txt : 20231016
<SEC-HEADER>0001415889-23-014300.hdr.sgml : 20231016
<ACCEPTANCE-DATETIME>20231016205601
ACCESSION NUMBER:		0001415889-23-014300
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20231012
FILED AS OF DATE:		20231016
DATE AS OF CHANGE:		20231016

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Cohen Scot
		CENTRAL INDEX KEY:			0001558913

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-38750
		FILM NUMBER:		231328312

	MAIL ADDRESS:	
		STREET 1:		20 EAST 20TH ST.
		STREET 2:		APT. 6
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10003

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			WRAP TECHNOLOGIES, INC.
		CENTRAL INDEX KEY:			0001702924
		STANDARD INDUSTRIAL CLASSIFICATION:	ORDNANCE & ACCESSORIES, (NO VEHICLES/GUIDED MISSILES) [3480]
		IRS NUMBER:				980551945
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		1817 W 4TH STREET
		CITY:			TEMPE
		STATE:			AZ
		ZIP:			85281
		BUSINESS PHONE:		800-583-2652

	MAIL ADDRESS:	
		STREET 1:		1817 W 4TH STREET
		CITY:			TEMPE
		STATE:			AZ
		ZIP:			85281
</SEC-HEADER>
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<TYPE>4
<SEQUENCE>1
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        <issuerName>WRAP TECHNOLOGIES, INC.</issuerName>
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            <rptOwnerName>Cohen Scot</rptOwnerName>
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            <rptOwnerStreet1>C/O WRAP TECHNOLOGIES, INC.</rptOwnerStreet1>
            <rptOwnerStreet2>1817 W 4TH STREET</rptOwnerStreet2>
            <rptOwnerCity>TEMPE</rptOwnerCity>
            <rptOwnerState>AZ</rptOwnerState>
            <rptOwnerZipCode>85281</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
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            <isDirector>true</isDirector>
            <isOfficer>true</isOfficer>
            <isTenPercentOwner>true</isTenPercentOwner>
            <isOther>false</isOther>
            <officerTitle>EXECUTIVE CHAIRMAN</officerTitle>
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                <natureOfOwnership>
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    <footnotes>
        <footnote id="F1">Represents grant of restricted shares of common stock, par value $0.0001 per share (&quot;Common Stock&quot;) of Wrap Technologies, Inc. (the &quot;Issuer&quot;) issued in connection with the Reporting Person's appointment as Executive Chairman. Shares will be issued upon vesting and shall vest, subject to Reporting Person's continued employment, (i) 1/3rd on the date on which the Issuer's market capitalization meets or exceeds $100 million for each trading day during 2 consecutive months; (ii) 1/3rd on the date on which the Issuer's market capitalization meets or exceeds $150 million for each trading day during 2 consecutive months; and (iii) 1/3rd on the date on which the Issuer's market capitalization meets or exceeds $200 million for each trading day during 2 consecutive months. The RSAs are subject to accelerated vesting upon the occurrence of certain events.</footnote>
        <footnote id="F2">Represents nonqualified stock options issued in connection with the Reporting Person's appointment as Executive Chairman, and represents 2.25% of the fully diluted issued and outstanding shares of the Issuer's Common Stock on the grant date. The stock options will vest, subject to Reporting Person's continued employment with the Issuer through each vesting date, as follows: (i) 1/3rd on the date on which the Issuer's market capitalization meets or exceeds $100 million for each trading day during 2 consecutive months; (ii) 1/3rd on the date on which the Issuer's market capitalization meets or exceeds $150 million for each trading day during 2 consecutive months; and (ii) 1/3rd on the date on which the Issuer's market capitalization meets or exceeds $200 million for each trading day during 2 consecutive months, subject to accelerated vesting upon the occurrence of certain events.</footnote>
        <footnote id="F3">Stock options were issued on April 1, 2021, reported on a Form 4 filed on April 5, 2021, and are fully vested.</footnote>
        <footnote id="F4">The Series A Convertible Preferred Stock (&quot;Preferred Shares&quot;) conversion price is subject to adjustment in the event of any issuances of shares of the Issuer's Common Stock, or securities convertible, exercisable or exchangeable for Common Stock, at a price below $1.45.</footnote>
        <footnote id="F5">Shares of Series A Convertible Preferred Stock do not expire.</footnote>
        <footnote id="F6">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.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Scot Cohen</signatureName>
        <signatureDate>2023-10-16</signatureDate>
    </ownerSignature>
</ownershipDocument>
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</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
