WRAP Technologies CEO Scot Cohen Acquires Shares Amid Product Launches and Regulatory Clarity

Scot Cohen, who serves as both Executive Chairman and Chief Executive Officer of WRAP Technologies, Inc. (NASDAQ:WRAP), has recently reported a series of transactions involving the company's common stock. On July 8, 2026, Mr. Cohen acquired 21,740 shares of WRAP Technologies common stock at a price of $1.1 per share, totaling $23,914. This purchase was a direct acquisition. The timing appears notable, as the stock has since surged 67% over the past week to $2.35, according to InvestingPro data, which currently rates the company's financial health as "Fair" with a score of 1.92 out of 5. Additionally, on July 7, 2026, Mr. Cohen acquired shares of common stock that were issued as payment of dividends on the Issuer's Series A Convertible Preferred Stock, with a transaction price of $0 per share. These acquisitions included 6,408 shares acquired indirectly through V4 Global LLC. Mr. Cohen is a managing member of V4 Global LLC and disclaims beneficial ownership of these securities except to the extent of his pecuniary interest. Another 4,576 shares were acquired directly by Mr. Cohen under the same terms. Following these reported transactions, Mr. Cohen directly holds 6,798,908 shares of WRAP Technologies common stock. Indirectly, through V4 Global LLC, he holds 2,014,877 shares. In other recent news, Wrap Technologies has launched WrapShield, an autonomous defense and public safety platform, and announced a strategic investment in Frenel Imaging Ltd., securing exclusive U.S. and NATO commercialization rights to their thermal-polarimetric imaging technology. In a significant regulatory development, the Bureau of Alcohol, Tobacco, Firearms and Explosives ruled that the BolaWrap 150 device is not classified as a "firearm" or "any other weapon," categorizing it instead as an "instrument of restraint." This decision aligns with the U.S. Supreme Court's 2025 decision in Bondi v. VanDerStok. Additionally, the University of Maryland, Baltimore County has purchased BolaWrap devices and non-lethal response training for its campus security operations. Wrap Technologies also announced plans to expand its drone payload capabilities to include directional light, laser dazzler, and sensory deterrence technologies for various security missions. The company is further developing a low-light training expansion for its WrapReality virtual reality platform, focusing on nighttime and low-light scenarios for law enforcement training. These developments highlight Wrap Technologies' ongoing efforts to enhance its product offerings and expand its market presence.