10% Owner Elwood G. Norris Reports Over $2 Million in Open Market Sales

summarizeSummary

Elwood G. Norris, a 10% owner of Wrap Technologies, Inc., reported open market sales totaling over $2 million across multiple transactions from June to November 2025.

check_boxKey Events

• Major Insider Selling

  10% owner Elwood G. Norris reported open market sales of 814,411 shares of common stock.

• Substantial Value

  The aggregate value of these open market dispositions totaled $2,046,282.

• Extended Selling Period

  The sales occurred across 29 separate transactions between June 13, 2025, and November 28, 2025.

• Reduced Direct Ownership

  Post-transaction, direct holdings for Elwood G. Norris decreased to 859,339 shares.

auto_awesomeAnalysis

This Form 4 filing reveals that Elwood G. Norris, a 10% owner of Wrap Technologies, Inc., executed substantial open market sales totaling $2.046 million across 29 transactions between June and November 2025. These dispositions, representing a significant portion of his direct holdings, indicate a notable reduction in exposure by a major shareholder. The timing of this disclosure, concurrent with a Schedule 13D/A filing by the Norris Family group, suggests these sales are part of a broader adjustment in their collective ownership. Investors should note the sustained selling activity by a significant insider.