NAPCO SECURITY TECHNOLOGIES, INC — Director's Dealing 2024

Mar 12, 2024

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NAPCO SECURITY TECHNOLOGIES, INC (NSSC)
CIK: 0000069633
Period of Report: 2024-03-08

Reporting Person: SOLOWAY RICHARD (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2024-03-08	Common Stock	S	2000000	$40.75	Disposed	1706010	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 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.