BUCHEL KEVIN S sold NSSC
March 12, 2024 · Form 4 insider transaction
BUCHEL KEVIN S sold 50,000 shares of Napco Security Technologies, Inc. at $40.36 per share, a transaction worth $2.02M. The trade was recorded as open-market sale and disclosed on an SEC Form 4, filed 2 days after the transaction.
Footnotes
The reporting person is a party to a Lock-Up Agreement with the underwriters identified therein pursuant to which he has agreed that, subject to certain exceptions as provided for in the Lock-Up Agreement, he will not dispose of his shares of the Issuer for a period of 90 days from March 5, 2024. The reporting person was permitted to make the sale reflected herein pursuant to an exception provided for in the Lock-Up Agreement which permitted the sale by him of up to 50,000 shares during the lock-up period.; This transaction was executed in multiple trades at prices ranging from $40.00 to $40.71 per share. The price reported above reflects the weighted average purchase price. 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.