4//SEC Filing
Cohen Scot 4
Accession 0001415889-23-010942
CIK 0001702924other
Filed
Jul 6, 8:00 PM ET
Accepted
Jul 7, 2:29 PM ET
Size
15.3 KB
Accession
0001415889-23-010942
Insider Transaction Report
Form 4
Cohen Scot
DirectorExecutive Chairman and CEO10% Owner
Transactions
- Purchase
Series A Convertible Preferred Stock
2023-07-05+1,250→ 1,250 totalExercise: $1.45→ Common Stock (862,069 underlying) - Purchase
Warrants
2023-07-05+862,069→ 862,069 totalExercise: $1.45Exp: 2028-07-05→ Common Stock (862,069 underlying) - Purchase
Series A Convertible Preferred Stock
2023-07-05+1,750→ 1,750 total(indirect: By LLC)Exercise: $1.45→ Common Stock (1,206,897 underlying) - Purchase
Warrants
2023-07-05+1,206,897→ 1,208,647 total(indirect: By LLC)Exercise: $1.45Exp: 2028-07-05→ Common Stock (1,206,897 underlying)
Holdings
- 4,985,151
Common Stock
- 100,000
Stock Options
Exercise: $5.56From: 2021-12-01Exp: 2031-04-01→ Common Stock (100,000 underlying)
Footnotes (7)
- [F1]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 ("Common Stock"), or securities convertible, exercisable or exchangeable for Common Stock, at a price below $1.45.
- [F2]The Reporting Person's ability to convert the Preferred Shares is conditioned on stockholder approval in compliance with the rules and regulations of The Nasdaq Capital Market.
- [F3]Shares of Series A Convertible Preferred Stock do not expire.
- [F4]The Preferred Shares and Warrants reported herein were acquired pursuant to a Securities Purchase Agreement by and between the Reporting Person and the Issuer, which transaction was approved by the Board of Directors of the Issuer, whereby the Reporting Person acquired each Preferred Share and associated Warrant at a purchase price of $1,000 per Preferred Share.
- [F5]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.
- [F6]The Warrants will become exercisable on January 3, 2024, subject to stockholder approval in compliance with the rules and regulations of the Nasdaq Capital Market.
- [F7]Stock option was issued on April 1, 2021, reported on a Form 4 filed on April 5, 2021, and is fully vested.
Documents
Issuer
WRAP TECHNOLOGIES, INC.
CIK 0001702924
Entity typeother
Related Parties
1- filerCIK 0001558913
Filing Metadata
- Form type
- 4
- Filed
- Jul 6, 8:00 PM ET
- Accepted
- Jul 7, 2:29 PM ET
- Size
- 15.3 KB