Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

On April 1, 2021, the Board of Directors (the "Board") of Wrap Technologies, Inc., pursuant to the recommendations provided by the Board's Compensation Committee, granted the following equity awards to Scot Cohen, the Company's Executive Chairman: (i) a one-time grant of 31,250 restricted stock units ("RSUs"), which RSUs vest immediately upon grant; and (ii) stock options to purchase up to 100,000 shares of the Company's common stock, par value $0.0001 per share, of which 30% vest immediately upon grant, and the remaining 70% scheduled to vest in equal monthly installments throughout the remainder of the 2021 calendar year.

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