Scot Cohen, Executive Chairman and CEO of WRAP Technologies, Inc. (NASDAQ:WRAP), recently increased his stake in the company through a significant stock purchase, according to an amended filing with the Securities and Exchange Commission. On July 8, 2026, Mr. Cohen acquired 209,353 shares of WRAP Technologies common stock. The shares were purchased at a price of $1.10 per share, amounting to a total value of $230,288. This transaction was made indirectly through the Scot Cohen Roth IRA. The timing proved fortuitous, as the stock has surged 67% in the past week to $2.36. According to InvestingPro analysis, which offers comprehensive Pro Research Reports on over 1,400 US equities including WRAP, the stock currently trades above its Fair Value estimate. The Form 4/A filing, submitted on July 10, 2026, corrected an earlier report from July 9, 2026. The original filing had mistakenly reported a purchase of 21,740 shares held directly by Mr. Cohen. The amended report clarifies the correct quantity of shares purchased and the indirect nature of their ownership. Following this transaction, Mr. Cohen directly holds 6,589,555 shares of common stock. In addition to his role as Executive Chairman and CEO, Mr. Cohen is also a director and a ten percent owner of WRAP Technologies. In other recent news, Wrap Technologies Inc. announced several strategic developments aimed at expanding its public safety technology offerings. The company reported that the Bureau of Alcohol, Tobacco, Firearms and Explosives has classified the BolaWrap 150 device as an instrument of restraint, not a firearm, under federal law. Additionally, Wrap Technologies has launched WrapShield, an autonomous defense platform, and made a strategic investment in Frenel Imaging Ltd., securing exclusive commercialization rights for its thermal-polarimetric sensing technology in the U.S. and NATO markets. The University of Maryland, Baltimore County has also purchased BolaWrap devices for campus security, marking a step towards enhancing non-lethal response capabilities. Moreover, Wrap Technologies outlined plans to expand its non-lethal technology with drone payload capabilities, including directional light and laser dazzler systems. These systems are intended for various applications such as perimeter control and crowd management. These developments highlight Wrap Technologies’ shift from a single-product focus to a broader public safety technology platform. The company’s investment in Frenel Imaging Ltd. is described as the first of multiple planned investments into the WrapShield platform.
Scot Cohen, Executive Chairman and CEO of WRAP Technologies, Inc. (NASDAQ:WRAP), recently increased his stake in the company through a significant stock purchase, according to an amended filing with the Securities and Exchange Commission. On July 8, 2026, Mr. Cohen acquired 209,353 shares of WRAP Technologies common stock. The shares were purchased at a price of $1.10 per share, amounting to a total value of $230,288. This transaction was made indirectly through the Scot Cohen Roth IRA. The timing proved fortuitous, as the stock has surged 67% in the past week to $2.36. According to InvestingPro analysis, which offers comprehensive Pro Research Reports on over 1,400 US equities including WRAP, the stock currently trades above its Fair Value estimate. The Form 4/A filing, submitted on July 10, 2026, corrected an earlier report from July 9, 2026. The original filing had mistakenly reported a purchase of 21,740 shares held directly by Mr. Cohen. The amended report clarifies the correct quantity of shares purchased and the indirect nature of their ownership. Following this transaction, Mr. Cohen directly holds 6,589,555 shares of common stock. In addition to his role as Executive Chairman and CEO, Mr. Cohen is also a director and a ten percent owner of WRAP Technologies. In other recent news, Wrap Technologies Inc. announced several strategic developments aimed at expanding its public safety technology offerings. The company reported that the Bureau of Alcohol, Tobacco, Firearms and Explosives has classified the BolaWrap 150 device as an instrument of restraint, not a firearm, under federal law. Additionally, Wrap Technologies has launched WrapShield, an autonomous defense platform, and made a strategic investment in Frenel Imaging Ltd., securing exclusive commercialization rights for its thermal-polarimetric sensing technology in the U.S. and NATO markets. The University of Maryland, Baltimore County has also purchased BolaWrap devices for campus security, marking a step towards enhancing non-lethal response capabilities. Moreover, Wrap Technologies outlined plans to expand its non-lethal technology with drone payload capabilities, including directional light and laser dazzler systems. These systems are intended for various applications such as perimeter control and crowd management. These developments highlight Wrap Technologies’ shift from a single-product focus to a broader public safety technology platform. The company’s investment in Frenel Imaging Ltd. is described as the first of multiple planned investments into the WrapShield platform.
Key Points
- Insider buying by Executive Chairman Scot Cohen signals confidence in WRAP Technologies' future prospects.
- WRAP Technologies is expanding its public safety technology offerings through strategic investments and product launches.
- The company is shifting from a single-product focus to a broader public safety technology platform.
Risks
- The stock has surged 67% in the past week, which may indicate volatility and potential overvaluation.
- The company's shift to a broader public safety technology platform may face execution challenges.
- The strategic investment in Frenel Imaging Ltd. is described as the first of multiple planned investments, which may carry financial and operational risks.