WRAP WRAP TECHNOLOGIES, INC. Insider Trading

Director John D Shulman bought 100,000 shares of WRAP at $1.10; holdings doubled to 199,037 shares amid +96.7% 30-day rally from depressed levels.

Director John D Shulman purchased 100,000 shares at $1.10, doubling his shareholding from 99,037 to 199,037 shares in a single transaction. The purchase occurred at a price near the 52-week low of $1.04, while the stock has since rallied 96.7% over the past 30 days and now trades at $2.36, still 26.9% below the 52-week high. The underlying business remains unprofitable with net income of $-4,540,000.00 in the latest period and only $1,111,000.00 in quarterly revenue, creating a stark disconnect between the director's accumulation and the company's weak financial position. The magnitude of the position increase (101.0% growth in holdings) combined with the timing near a cyclical low warrants investor attention to whether this reflects conviction in a recovery thesis or other strategic considerations.

CEO Cohen buys 21,740 shares of WRAP at $1.10 amid 30-day +96.7% stock surge, holding now 6,798,908 shares

Scot Cohen, Executive Chairman and CEO, purchased 21,740 shares at $1.10 on 2026-07-08, increasing his holdings from 6,777,168 shares to 6,798,908 shares. The transaction occurred during a period of significant near-term volatility: the stock has risen +96.7% over the past 30 days and +57.3% over the past 90 days, yet remains -26.9% below its 52-week high of $3.23. The company posted revenue of $1,111,000.00 in the latest quarter with net income of $-4,540,000.00, and has remained unprofitable over its most recent full fiscal year. The purchase volume represents +0.3% of his pre-transaction holdings, reflecting a modest incremental addition to an already substantial position.

10% owner Norris Elwood G sells 814,411 shares (814.4K) for $2.0M at blended avg $2.51, reducing stake 48.7%; stock now -26.4% from 52-week high

Norris Elwood G, a 10% owner at WRAP Technologies, executed 29 separate sales totaling 814,411 shares (814.4K shares) for $2,046,282.11 ($2.0M) between June and November 2025, reducing his post-transaction holdings from 1,673,750 shares to 859,339 shares (net -48.7%). The sales occurred at prices ranging from $1.50 to $2.91, with a blended average of $2.51, while the stock currently trades at $2.28—down 26.4% from its 52-week high of $3.10 and declining 18.9% over the 90-day period. The company's fundamentals show deterioration: latest quarterly revenue of $1,491,000.00 ($1.5M) with net loss of $2,773,000.00 ($-2.8M), annual revenue declined 26.5% year-over-year, and the firm is unprofitable on a full-year basis. Prior same-ticker trades by this insider (five buys in April 2023) showed strong 90-day timing with returns ranging from +35.1% to +47.2%, but the current selling pattern during a period of sustained stock weakness and operational deterioration diverges from that historical buy-and-hold pattern.