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