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

Role: President, CEO and Secretary, Director, 10%+ Owner
Signature: /s/ Richard Soloway
Issuer symbol: NSSC
Transactions as of: 13 Feb 2023
Transactions value $: -$72,450,000
Form type: 4
Filing time: 15 Feb 2023, 15:41:36 UTC
Previous filing: 16 Nov 2022
Next filing: 13 Feb 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NSSC	Common Stock	Sale	-$63,393,750	-2,012,500	-33.56%	$31.5	3,983,510	13 Feb 2023	Direct	F1
transaction	NSSC	Common Stock	Sale	-$9,056,250	-287,500	-7.22%	$31.5	3,696,010	15 Feb 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.

Content

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.