Timothy Szymanski, a director at Wrap Technologies, Inc., has reported the acquisition of 21,154 shares of the company. This transaction, filed with the SEC on October 9, 2026, is significant as it underscores Szymanski's ongoing commitment to the company and its future prospects.
Background
Wrap Technologies, Inc. is classified under the SIC code for ordnance and accessories, specifically focusing on non-vehicle and guided missile manufacturing. The company is incorporated in Delaware and has its business address in Miami, Florida. It trades under the ticker symbol WRAP.
What the Filing Says
The SEC filing details that the transaction occurred on October 1, 2026, with Szymanski acquiring the shares at a price of $0 per share, indicating that this transaction was part of a grant of Restricted Stock Units (RSUs). The filing states, "Represents a grant of Restricted Stock Units (RSUs). On the date of grant, 13,750 of the RSUs vested and the remainder of the RSUs vest ratably in eight monthly tranches." Following this transaction, Szymanski now owns a total of 178,013 shares in the company.
Impact
This acquisition may affect various stakeholders, including other shareholders and potential investors, as it reflects Szymanski's confidence in Wrap Technologies' direction. As a director, his actions can influence perceptions of the company's stability and growth potential.
What's Next
The filing does not say what happens next.