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.