0001415889-23-014300.txt : 20231016
0001415889-23-014300.hdr.sgml : 20231016
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
4
1
form4-10172023_121054.xml
X0508
4
2023-10-12
0001702924
WRAP TECHNOLOGIES, INC.
WRAP
0001558913
Cohen Scot
C/O WRAP TECHNOLOGIES, INC.
1817 W 4TH STREET
TEMPE
AZ
85281
true
true
true
false
EXECUTIVE CHAIRMAN
0
Common Stock
2023-10-12
4
A
0
482143
0
A
5477654
D
Stock Options
1.40
2023-10-12
4
A
0
1290166
0
A
2033-10-12
Common Stock
1290166
1290166
D
Stock Options
5.56
2021-12-01
2031-04-01
Common Stock
100000
100000
D
Series A Convertible Preferred Stock
1.45
2023-09-19
Common Stock
862069
1250
D
Warrants
1.45
2024-01-03
2028-07-05
Common Stock
862069
862069
D
Series A Convertible Preferred Stock
1.45
2023-09-19
Common Stock
1206897
1750
I
By V4 Global LLC
Warrants
1.45
2024-01-03
2028-07-05
Common Stock
1206897
1208647
I
By V4 Global LLC
Represents grant of restricted shares of common stock, par value $0.0001 per share ("Common Stock") of Wrap Technologies, Inc. (the "Issuer") 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.
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.
Stock options were issued on April 1, 2021, reported on a Form 4 filed on April 5, 2021, and are fully vested.
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, or securities convertible, exercisable or exchangeable for Common Stock, at a price below $1.45.
Shares of Series A Convertible Preferred Stock do not expire.
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.
/s/ Scot Cohen
2023-10-16