SOLOWAY RICHARD 4
4 · NAPCO SECURITY TECHNOLOGIES, INC · Filed Apr 10, 2024
Insider Transaction Report
Form 4
SOLOWAY RICHARD
DirectorCEO, Chairman of Board, Secy
Transactions
- Sale
Common Stock
2024-04-08$40.75/sh−50,000$2,037,500→ 1,656,010 total
Holdings
- 100,000
Employee Stock Option (Right to Buy)
Exercise: $22.50Exp: 2031-10-19→ Common Stock (100,000 underlying) - 10,000
Employee Stock Option (Right to Buy)
Exercise: $26.94Exp: 2032-08-25→ Common Stock (10,000 underlying)
Footnotes (4)
- [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.