What changed in this filing

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Item 5. Market for Registrant’s Common Equity

2022-03-10 compared with 2021-03-04 · 29 added, 61 removed, 8 unchanged (92% of the section changed)

MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDER MATTERS

AND ISSUER PURCHASES OF EQUITY SECURITIES

Our Common Stock is listed on the Nasdaq Capital Market under the

symbol “WRAP”.

there were 37,644,556

shares of Common Stock outstanding and approximately

25 stockholders  

MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES

Our Common Stock is listed on the Nasdaq Capital Market under the symbol “WRAP”.

At March 9, 2022 there were 40,939,371 shares of Common Stock outstanding and approximately 25 stockholders of record.

Equity Compensation Plan Information

Our 2017 Stock Incentive Plan (the “

Plan ”) was adopted by

our Board of Directors on March 31, 2017, and approved by a

majority of our stockholders on March 31, 2017.

The 2017 Plan

reserved 2.0 million shares of our Common Stock for issuance as one

of four types of equity incentive awards:

(i) stock options, (ii)

shares of Common Stock, (iii) restricted stock awards, and (iv)

restricted stock units.

The 2017 Plan permits the qualification of

awards under the plan as “performance-based

compensation”

within the meaning of

Section 162(m) of the Internal Revenue

Board of the Company approved an increase in the Plan authorizing

an additional 2,100,000 shares of Common Stock on March 16, 2019,

ratified by stockholders on May 23, 2019, and a further increase

authorizing an additional 1,900,000 shares on April 8, 2020,

ratified by stockholders on June 5,

2020, for a total of

6,000,000 shares of Common Stock reserved for issuance under the

2017 Plan as of the date of this Report.

The following table sets forth information as of December 31, 2020,

with respect to compensation plans (including individual

compensation arrangements) under which our equity securities are

authorized for issuance, aggregated as

Number of securities

remaining available for

Number of securities to be

Weighted-average exercise

future issuance under

On March 31, 2017, the Company adopted, and the stockholders approved, the 2017 Stock Incentive Plan (as amended from time to time, the “

Plan ”).

The Plan reserved 2.0 million shares of our Common Stock for issuance as one of four types of equity incentive awards:

(i) stock options, (ii) shares of Common Stock, (iii) restricted stock awards, and (iv) restricted stock units.

The Plan permits the qualification of awards under the plan as “performance-based compensation”

within the meaning of Section 162(m) of the Internal Revenue Code.

In May 2019, stockholders ratified an increase in the Plan authorizing an additional 2,100,000 shares of Common Stock;

in June 2020, stockholders ratified an increase in the Plan authorizing an additional of 1,900,000 shares of Common Stock;

and in June 2021, stockholders ratified an increase in the Plan authorizing an additional 1,500,000 shares of Common Stock, for a total of 7,500,000 shares reserved for issuance under the Plan as of the date of this Report.

At December 31, 2021, there were 1,380,816 shares of Common Stock available for grant under the Plan.

The following table sets forth information as of December 31, 2021, with respect to compensation plans (including individual compensation arrangements) under which our equity securities are authorized for issuance, aggregated as follows: 

Plan Category

Number of securities to be

issued upon exercise of

outstanding options, warrants and rights

Weighted-average exercise

price of outstanding

equity compensation plans

outstanding options,

options, warrants and

(excluding securities

warrants and rights

reflected in column (a))

compensation plans approved by security holders

4,359,592  

$ 4.58  

1,150,055  

compensation plans not approved by security holders

4,359,592  

$ 4.58  

1,150,055  

options, warrants and rights

Number of securities

remaining available for

future issuance under

equity compensation plans

(excluding securities reflected in column (a))

Equity compensation plans approved by security holders

Equity compensation plans not approved by security holders

Recent Sales of Unregistered Securities

No unregistered securities were issued during the fiscal year that

were not previously reported in a Quarterly Report on Form

10-Q or Current Report on Form 8-K.

No unregistered securities were issued during the fiscal year that were not previously reported in a Quarterly Report on Form 10-Q or Current Report on Form 8-K.

Transfer Agent

Transfer Agent and Registrar for our Common Stock is Colonial Stock

Transfer, located at 66 Exchange Place, Suite 100, Salt Lake City,

Our Transfer Agent and Registrar for our Common Stock is Colonial Stock Transfer, located at 66 Exchange Place, Suite 100, Salt Lake City, Utah 84111.

Issuer Purchases of Equity Securities

1 unchanged sentence

SELECTED FINANCIAL DATA

Information requested by this Item is not included, as we are

electing to take advantage of scaled disclosure requirements

available to Smaller Reporting Companies.

Information requested by this Item is not included, as we are electing to take advantage of scaled disclosure requirements available to Smaller Reporting Companies.

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 5. Market for Registrant’s Common Equity