SOLOWAY RICHARD 4
Research Summary
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NAPCO (NSSC) CEO Richard Soloway Sells 150,000 Shares
What Happened
Richard Soloway — CEO, Chairman of the Board (also listed as Secretary and Director) of NAPCO Security Technologies, Inc. (NSSC) — disposed of 150,000 shares on February 5, 2026. The Form 4 reports a weighted average sale price of $42.74, for a total reported value of $6,411,000. The filing characterizes the trade as an open-market or private sale.
Key Details
- Transaction date: 2026-02-05; Form 4 filed: 2026-02-06 (timely filing).
- Reported weighted average price: $42.74; actual sale prices ranged $42.20–$43.48 per share (footnote F1).
- Shares sold: 150,000; total proceeds ≈ $6.41 million.
- Shares owned after transaction: not specified in the provided excerpt of the filing.
- Footnotes: F1 explains the weighted-average price range and offers to provide full per-trade pricing on request; F2 and F3 note certain derivative awards/options vest cumulatively at 20% per year starting Oct 19, 2021 and Aug 25, 2022 (these refer to previously granted awards/options).
- No 10b5‑1 plan, tax‑withholding, or gift designation is listed in the provided details.
Context: This was a sale (which is often routine for insiders), not a purchase. The filing is timely (filed the next day). The Form 4 notes vesting schedules for prior option/award grants but the reported event here is a share disposition rather than an option exercise or new award.