Richard Soloway - Mar 8, 2024 Form 4 Insider Report for NAPCO SECURITY TECHNOLOGIES, INC (NSSC)

Role
Pres, CEO, Chairman, Secy, Director, 10%+ Owner
Signature
/s/ Richard Soloway
Stock symbol
NSSC
Transactions as of
Mar 8, 2024
Transactions value $
-$81,500,000
Form type
4
Date filed
3/12/2024, 04:36 PM
Previous filing
Feb 15, 2024
Next filing
Apr 10, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NSSC Common Stock Sale -$81.5M -2M -53.97% $40.75 1.71M Mar 8, 2024 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding NSSC Employee Stock Option (Right to Buy) 100K Mar 8, 2024 Common Stock 100K $22.50 Direct F2
holding NSSC Employee Stock Option (Right to Buy) 10K Mar 8, 2024 Common Stock 10K $26.94 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Pursuant to a Registration Statement on Form S-3 that became effective on March 5, 2024 and an underwriting agreement dated March 5, 2024, Mr. Soloway sold 2,000,000 shares of common stock of the Issuer in an underwritten secondary public offering. The shares were sold at a public offering price of $40.75 per share and Mr. Soloway paid an underwriting discount and commission of $1.01875 per share, resulting in a net price of $39.73125 per share. Mr. Soloway also granted the underwriters a 30-day option to purchase 300,000 additional shares of common stock at the same price and at the same underwriting discount and commission.
F2 Exercisable, cumulatively, at 20% per year commencing October 19, 2021.
F3 Exercisable, cumulatively, at 20% per year commencing August 25, 2022.