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

Signature
/s/ Richard Soloway
Stock symbol
NSSC
Transactions as of
May 8, 2024
Transactions value $
-$11,050,450
Form type
4
Date filed
5/8/2024, 04:15 PM
Previous filing
Apr 10, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NSSC Common Stock Sale -$11.1M -250K -15.1% $44.20 1.41M May 8, 2024 Direct F1, F2

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 May 8, 2024 Common Stock 100K $22.50 Direct F3
holding NSSC Employee Stock Option (Right to Buy) 10K May 8, 2024 Common Stock 10K $26.94 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The shares described herein are subject to a lockup agreement in connection with that certain Underwriting Agreement, dated March 5, 2024, and were also subject to the option to purchase additional shares pursuant to such Underwriting Agreement. Such shares were not purchased pursuant to this option which has expired in accordance with its terms. The reporting person received prior written consent from the representatives of the underwriters to sell the shares in open market transactions. All other shares remain subject to the lockup agreement.
F2 Represents the weighted average selling price of the shares. Actual selling prices ranged from $44.20 through $44.775 per share. The reporting person hereby undertakes to provide, upon request to the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares and prices at which the transactions were effected.
F3 Exercisable, cumulatively, at 20% per year commencing October 19, 2021.
F4 Exercisable, cumulatively, at 20% per year commencing August 25, 2022.