BUCHEL KEVIN S 4/A

What Happened

• Kevin S. Buchel, President & COO and a director of Napco Security Technologies (NSSC), exercised 50,000 stock options on February 19, 2026 (code M). The exercise price reported was $22.50 per share (aggregate $1,124,750). As part of a cashless exercise, 33,560 of the resulting shares were withheld/disposed to cover the exercise price and tax withholdings at a market price of $44.98 per share (aggregate $1,509,529), leaving a net increase of 16,440 shares to Buchel’s holdings. This Form 4A amends the original filing to correct the classification of the 33,560 shares as a disposition (D) rather than an acquisition (A).

Key Details

• Transaction date: February 19, 2026; Form filed/amended February 20, 2026.
• Option exercise: 50,000 shares @ $22.50 (aggregate $1,124,750).
• Shares withheld/disposed for exercise & taxes: 33,560 shares @ $44.98 (aggregate $1,509,529).
• Net shares retained by insider from the transaction: 16,440 (per footnote F2).
• Footnotes: F1 — shares withheld used to pay exercise price and tax per the 2012 Employee Stock Option Plan; F2 — net increase of 16,440 shares; F3/F4 — references to specific vesting/exercisability schedules on certain option tranches.
• Filing note: This is an amended Form 4 (Form 4A) correcting the prior classification of the withheld shares from (A) to (D).
• Shares owned after transaction: Not specified in the provided excerpt of the filing.

Context

• This was a cashless exercise: Buchel exercised options and had a portion of the resulting shares withheld to satisfy the exercise cost and tax withholding, a routine administrative step rather than an open-market sale.
• Transaction codes: M = option exercise; F/D here refers to shares withheld/ disposed to cover taxes/exercise.
• As an executive/director, Buchel’s exercise and the resulting net share increase may be of interest to investors, but the withholding portion is a standard settlement method and should not be interpreted on its own as a directional bet.