SOLOWAY RICHARD 4

What Happened

• Richard Soloway, CEO, Chairman and Secretary of NAPCO Security Technologies (NSSC), exercised a total of 108,000 stock options on Feb 10, 2026 — 100,000 options at $22.50 (value $2,249,500) and 8,000 at $26.94 (value $215,520), for a combined gross value of $2,465,020.
• As part of a cashless exercise, 74,878 shares and 7,174 shares were withheld/sold at $42.63 to cover the exercise price and tax withholdings (disposed value $3,192,049 and $305,828, respectively; total $3,497,877).
• After the cashless exercise and withholdings, Soloway’s net increase in common shares was 25,948 shares (footnote F2).

Key Details

• Transaction date: February 10, 2026. Filing date: February 11, 2026 (timely).
• Exercise prices: $22.50 (100,000 options) and $26.94 (8,000 options). Withheld/sold price for taxes: $42.63.
• Gross shares exercised: 108,000. Shares withheld/disposed for taxes/fees: 82,052. Net new shares retained: 25,948.
• Footnotes: F1 = shares withheld to pay exercise price and tax withholdings per the 2012 Employee Stock Option Plan; F2 = net increase of 25,948 shares from the cashless exercise; F3 = options exercisable Aug 25, 2026–Aug 25, 2032.
• The filing does not state total shares owned after the transaction beyond the reported net increase.

Context

• This was an option exercise (transaction code M) with a simultaneous cashless sale/withholding to cover costs and taxes (transaction code F). Cashless exercises are common and do not by themselves indicate the insider is selling retained position — here the insider kept 25,948 shares after withholding.
• The activity is factual reporting of insider option exercise and withholding; it should not be read as a definitive signal of future company performance.