NAPCO SECURITY TECHNOLOGIES, INC — Director's Dealing 2024

Mar 14, 2024

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NAPCO SECURITY TECHNOLOGIES, INC (NSSC)
CIK: 0000069633
Period of Report: 2024-03-12

Reporting Person: BUCHEL KEVIN S (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2024-03-12	Common Stock	S	50000	$40.361	Disposed	62739	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Option (Right to Buy)	$22.495	2031-10-19	Common Stock (97584)	97584	Direct
Employee Stock Option (Right to Buy)	$26.94	2032-08-25	Common Stock (10000)	10000	Direct

Footnotes

F1: The reporting person 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 90 days from March 5, 2024. The reporting person was permitted to make the sale reflected herein pursuant to an exception provided for in the Lock-Up Agreement which permitted the sale by him of up to 50,000 shares during the lock-up period.

F2: This transaction was executed in multiple trades at prices ranging from $40.00 to $40.71 per share. The price reported above reflects the weighted average purchase price. 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: Currently exercisable to the extent of 57,584 shares. Exercisable to the extent of 20,000 shares on each of October 19, 2024 and 2025.

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