NAPCO SECURITY TECHNOLOGIES, INC — Director's Dealing 2024

Apr 10, 2024

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NAPCO SECURITY TECHNOLOGIES, INC (NSSC)
CIK: 0000069633
Period of Report: 2024-04-08

Reporting Person: SOLOWAY RICHARD (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2024-04-08	Common Stock	S	50000	$40.75	Disposed	1656010	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Option (Right to Buy)	$22.495	2031-10-19	Common Stock (100000)	100000	Direct
Employee Stock Option (Right to Buy)	$26.94	2032-08-25	Common Stock (10000)	10000	Direct

Footnotes

F1: Pursuant to a Registration Statement on Form S-3 that became effective on March 5, 2024 and the exercise by the underwriters of an option to purchase additional shares pursuant to an underwriting agreement dated March 5, 2024, Mr. Soloway sold 50,000 shares of common stock of the Issuer. 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.

F2: Mr. Soloway is a party to a Lock-Up Agreement with the underwriters identified therein pursuant to which he has agreed that, subject to certain exceptions as provided for in the Lock-Up Agreement, he will not dispose of his shares of the Issuer for a period of 180 days from March 5, 2024.

F3: Exercisable, cumulatively, at 20% per year commencing October 19, 2021.

F4: Exercisable, cumulatively, at 20% per year commencing August 25, 2022.