KEVIN BUCHEL - 12 Mar 2024 Form 4 Insider Report for NAPCO SECURITY TECHNOLOGIES, INC (NSSC)

Signature
/s/ Kevin Buchel
Issuer symbol
NSSC
Transactions as of
12 Mar 2024
Net transactions value
-$2,018,050
Form type
4
Filing time
14 Mar 2024, 16:23:03 UTC
Previous filing
13 Feb 2024
Next filing
03 May 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NSSC Common Stock Sale $2,018,050 -50,000 -44% $40.36 62,739 12 Mar 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) 97,584 12 Mar 2024 Common Stock 97,584 $22.50 Direct F3
holding NSSC Employee Stock Option (Right to Buy) 10,000 12 Mar 2024 Common Stock 10,000 $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 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.