Richard Soloway - Feb 13, 2023 Form 4 Insider Report for NAPCO SECURITY TECHNOLOGIES, INC (NSSC)

Signature
/s/ Richard Soloway
Stock symbol
NSSC
Transactions as of
Feb 13, 2023
Transactions value $
-$72,450,000
Form type
4
Date filed
2/15/2023, 03:41 PM
Previous filing
Nov 16, 2022
Next filing
Feb 13, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NSSC Common Stock Sale -$63.4M -2.01M -33.56% $31.50 3.98M Feb 13, 2023 Direct F1
transaction NSSC Common Stock Sale -$9.06M -288K -7.22% $31.50 3.7M Feb 15, 2023 Direct F1
* 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 September 12, 2022 and an underwriting agreement dated February 8, 2023, Mr. Soloway sold 2,012,500 shares of common stock of the Issuer in an underwritten secondary public offering. The shares were sold at a public offering price of $31.50 per share and Mr. Soloway paid an underwriting discount and commission of $0.63 per share, resulting in a net price of $30.87 per share. Mr. Soloway also granted the underwriters a 30-day option to purchase 287,500 additional shares of common stock at the same price and at the same underwriting discount and commission. On February 15, 2023, Mr. Soloway sold such shares pursuant to an exercise in full by the underwriters of such option.