CEO of Napco (NASDAQ: NSSC) sells 185,000 shares in Form 4 filing
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
NAPCO Security Technologies CEO Richard Soloway reported open-market sales of 185,000 shares of common stock. He sold 129,682 shares on March 2 at a weighted average price of $44.99 and 55,318 shares on March 3 at $43.22, leaving 1,096,958 shares held directly.
He also holds an employee stock option for 2,000 shares that becomes exercisable on August 25, 2026 and remains exercisable until August 25, 2032.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 185,000 shares ($8,225,237)
Net Sell
3 txns
Insider
SOLOWAY RICHARD
Role
CEO, Chairman of Board, Secy
Sold
185,000 shs ($8.23M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 55,318 | $43.22 | $2.39M |
| Sale | Common Stock | 129,682 | $44.99 | $5.83M |
| holding | Employee Stock Option (Right to Buy) | -- | -- | -- |
Holdings After Transaction:
Common Stock — 1,096,958 shares (Direct);
Employee Stock Option (Right to Buy) — 2,000 shares (Direct)
Footnotes (1)
- Represents the weighted average selling price of the shares. Actual selling prices ranged from $44.70 through $45.24 per share. The reporting person hereby undertakes to provide, upon request to the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares and prices at which the transactions were effected. Represents the weighted average selling price of the shares. Actual selling prices ranged from $43.05 through $43.35 per share. The reporting person hereby undertakes to provide, upon request to the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares and prices at which the transactions were effected. Exercisable on August 25, 2026 and exercisable until August 25, 2032.
FAQ
What insider transaction did NSSC CEO Richard Soloway report?
Richard Soloway reported selling 185,000 shares of Napco common stock in open-market transactions. The sales occurred over two days and were reported on a Form 4 insider trading filing, detailing dates, share counts, weighted average prices, and his remaining direct share ownership.
What stock options does the NSSC CEO hold according to this filing?
The filing shows an employee stock option for 2,000 shares of Napco common stock. This option becomes exercisable on August 25, 2026 and remains exercisable until August 25, 2032, representing a future right to buy shares at a preset exercise price.