NORRIS ELWOOD G has demonstrated a consistent selling bias in recent months, exclusively divesting shares of WRAP (Wrap Technologies, Inc.) across 25 transactions between October 2025 and January 2026. The sales, totaling approximately $2.39 million, reveal a pattern of frequent disposals with varying transaction sizes. Larger sales occurred on October 20, 2025 ($186,157.50), October 24, 2025 ($196,517.62), and November 14, 2025 ($129,701), while smaller transactions—such as $6,086.26 on November 19, 2025, and $7,364.40 on October 15, 2025—suggest a methodical unwinding of positions rather than a single bulk exit.
The most recent sales, executed on January 28–29, 2026, amounted to $167,458.44 and $176,560, respectively, reinforcing the sustained selling trend. Notably, Norris has not reported any purchases in WRAP or other securities during this period, as reflected in the absence of buy transactions across all 31 recorded trades. The activity indicates a prolonged reduction in exposure to WRAP, though the filings do not specify whether the sales represent full divestment or partial position trimming. The consistency in timing—with multiple sales clustered in October and November 2025—suggests a structured approach, possibly tied to vesting schedules or predetermined trading plans.
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