false 0001702924 0001702924 2025-02-05 2025-02-05
 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
 
 
FORM 8-K
 
 
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
 
Date of Report (Date of earliest event reported): February 5, 2025
 
 
WRAP TECHNOLOGIES, INC.
(Exact name of Registrant as specified in its Charter)
 
 
Delaware
000-55838
98-0551945
(State or other jurisdiction
of incorporation)
(Commission File No.)
(IRS Employer
Identification No.)
 
1817 W 4th Street, Tempe, Arizona 85281
(Address of principal executive offices) (Zip code)
 
(800) 583-2652
(Registrant’s Telephone Number)
 
Not Applicable
(Former name or address, if changed since last report)
 
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
 
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
Securities registered pursuant to Section 12(b) of the Act:
 
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Common Stock, par value $0.0001 per share
WRAP
Nasdaq Capital Market
 
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR 240.12b-2) ☐
 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act ☐
 
 
 
 
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
 
On February 5, 2025 (the “Grant Date”), the Compensation Committee of the Board of Directors (the “Board”) of Wrap Technologies, Inc. (the “Company”) granted to each of Scot Cohen, the Company’s Chief Executive Officer and Executive Chairman of the Board, and Jared Novick, the Company’s Chief Operating Officer (each a “Grantee”): (i) a one-time grant of 250,000 restricted stock units (“RSUs”), which RSUs vested in full on the Grant Date; and (ii) stock options to purchase up to 500,000 shares of the Company’s common stock, par value $0.0001 per share, which have an exercise price of $1.98 per share and which will vest in four substantially equal installments on each annual anniversary of the Grant Date, provided that the Grantee is employed by or providing services to the Company through the applicable vesting date. The RSUs and stock options were granted pursuant to the Wrap Technologies, Inc. 2017 Equity Compensation Plan.
 
 
 
 
SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
 
 
WRAP TECHNOLOGIES, INC.
  
       
Date: February 11, 2025
By:
/s/ Scot Cohen
  
   
Scot Cohen
  
   
Chief Executive Officer and Chairman of the Board
  
 
 
v3.25.0.1
Document And Entity Information
Feb. 05, 2025
Document Information [Line Items]  
Entity, Registrant Name WRAP TECHNOLOGIES, INC.
Document, Type 8-K
Document, Period End Date Feb. 05, 2025
Entity, Incorporation, State or Country Code DE
Entity, File Number 000-55838
Entity, Tax Identification Number 98-0551945
Entity, Address, Address Line One 1817 W 4th Street
Entity, Address, City or Town Tempe
Entity, Address, State or Province AZ
Entity, Address, Postal Zip Code 85281
City Area Code 800
Local Phone Number 583-2652
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Title of 12(b) Security Common Stock, par value $0.0001 per share
Trading Symbol WRAP
Security Exchange Name NASDAQ
Entity, Emerging Growth Company false
Amendment Flag false
Entity, Central Index Key 0001702924
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