Insider sales disclosed
Elwood G. Norris, identified as a ten percent owner of Wrap Technologies, INC. (NASDAQ:WRAP), reported the sale of 471,520 shares of the company's common stock over a span stretching from June 13, 2025 to November 28, 2025, according to a Form 4 filing. The aggregate proceeds from those dispositions totaled $2,046,282, with per-share execution prices ranging from $1.50 to $2.91.
Transaction timing and scale
The sales were executed across multiple dates. The single largest block occurred on October 24, 2025, when 75,001 shares were sold. The most recent entries in the filing show two small tranches of 5,000 shares each on November 26 and November 28, 2025.
Holdings after the sales
Following these transactions, Norris retained direct ownership of 54,928 shares of Wrap Technologies common stock. In addition, the filing reports that Norris indirectly holds 5,451,053 shares through a family trust.
Corporate developments reported alongside the filing
Wrap Technologies has continued product and commercial activity during the period covered by the Form 4 filing. The company launched the WrapVision body-worn camera platform, which the company describes as compliant with the National Defense Authorization Act and aimed at serving public safety agencies across various compliance frameworks.
Concurrently, Wrap rolled out an Arrest-in-Control training unit that is available via a subscription-based Learning Management System. The company presents this offering as an extension of its Non-Lethal Response platform, adding training and procedures for control and custody scenarios.
On the intellectual property front, Wrap Technologies has filed patents for a next-generation multi-shot non-lethal response system. The patent applications are described as covering system elements that incorporate directional sound and high-intensity light.
Wrap also reported customer deployments and policy integrations at the agency level. The Alliance Police Department in Nebraska became the first agency in that state to fully equip its officers with BolaWrap 150 devices, including integrated training and policy alignment. Separately, the Rio Grande City Police Department in Texas adopted the BolaWrap 150 system through a WrapReady subscription, marking what the company characterizes as the first deployment in a Texas border community.
What the filing does and does not show
The Form 4 provides a record of Norris's disposals and the company's recent product, patent and deployment activity. The filing does not disclose how the proceeds from the sales were used, nor does it offer any commentary from Norris or the company on the motivations for the transactions.