BUCHEL KEVIN S 4

What Happened
Kevin S. Buchel, President & COO and a director of Napco Security Technologies (NSSC), exercised 50,000 stock options on February 19, 2026 (transaction code M). The exercise price was $22.50 per option (total exercise price $1,124,750). As part of a cashless exercise, 33,560 shares were withheld to cover the exercise price and tax withholdings (valued at $44.98 per share and totaling $1,509,529), resulting in a net increase of 16,440 shares to Mr. Buchel’s holdings (see footnote F2). The filing also records the derivative disposition associated with the option exercise.

Key Details

• Transaction date: February 19, 2026. Form filed February 20, 2026 (timely).
• Option exercise: 50,000 options exercised at $22.50 each; total exercise price $1,124,750 (code M).
• Shares withheld for taxes/exercise: 33,560 shares at $44.98, value $1,509,529 (code F; cashless withholding).
• Net shares received: +16,440 shares (footnote F2).
• Vesting/option details: footnotes indicate some tranche exercisability/vesting schedules (see F3 and F4).
• Shares owned after transaction: not specified in the provided excerpt of the filing.
• Footnotes: F1 explains shares were withheld under the 2012 Employee Stock Option Plan to pay exercise price and taxes; F2 confirms net increase of 16,440 shares.

Context
This was an option exercise completed as a cashless exercise — options were surrendered/exercised and a portion of the resulting shares were withheld to satisfy the exercise price and tax obligations. Exercises are routine insider transactions to realize option value and do not necessarily indicate a buy/sell opinion on the stock. Transaction codes: M = option exercise, F = payment of exercise price/tax withholding.