NSSC COO exercises 50,000 stock options

NAPCO Security Technologies President & COO Kevin S. Buchel reported a cashless exercise of employee stock options and related share withholding.

Rhea-AI Filing Summary

NAPCO Security Technologies President & COO Kevin S. Buchel reported a cashless exercise of employee stock options and related share withholding. He exercised 50,000 stock options at $22.495 per share, receiving the same number of common shares. To cover the exercise price and required tax withholdings, 33,560 shares of common stock were withheld, at a value of $44.98 per share, resulting in a net increase of 16,440 shares as noted in the footnotes. Following these transactions, he directly owns 79,179 shares of common stock and holds employee stock options over additional shares that become exercisable over time under the company’s option plans.

Insider Trade Summary

50,000 shares exercised/converted

Exercise 5 txns

Insider BUCHEL KEVIN S

Role President & COO

Type	Security	Shares	Price	Value
Exercise	Employee Stock Option (Right to Buy)	50,000	$22.495	$1.12M
Exercise	Common Stock	50,000	$22.495	$1.12M
Exercise Price or Tax Liability	Common Stock	33,560	$44.98	$1.51M
holding	Employee Stock Option (Right to Buy)	--	--	--
holding	Employee Stock Option (Right to Buy)	--	--	--

Holdings After Transaction: Employee Stock Option (Right to Buy) — 107,584 contracts for 60,000 underlying shares (Direct); Common Stock — 79,179 shares (Direct)

Footnotes (4)

1. F1. Represents the number of shares withheld by the Reporting Person as a result of the cashless exercise of stock options, and used to pay the exercise price and required tax withholdings in accordance with the 2012 Employee Stock Option Plan and stock option grant.
2. F2. Reflects a net increase of 16,440 shares resulting from the cashless exercise of 50,000 stock options as reflected in this Form.
3. F3. Exercisable with respect to 8,000 shares until August 24, 2032 and with respect to 2,000 shares from August 25, 2026 from August 25, 2026 until August 25, 2032.
4. F4. Exercisable, cumulatively, at 20% per year commencing May 2, 2024.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did NSSC executive Kevin Buchel report on this Form 4?

Kevin S. Buchel reported exercising 50,000 employee stock options and receiving 50,000 NSSC common shares. The transaction was structured as a cashless exercise under the company’s 2012 Employee Stock Option Plan, with part of the resulting shares withheld to cover the exercise price and taxes.

How many NSSC options did Kevin Buchel exercise and at what price per share?

He exercised 50,000 employee stock options at a price of $22.495 per share. These options converted into 50,000 NSSC common shares, reflecting a derivative exercise as described by transaction code M, not an open-market purchase.

How many NSSC shares were withheld to cover Kevin Buchel’s exercise costs and taxes?

A total of 33,560 NSSC common shares were withheld from Kevin Buchel’s holdings. According to the footnotes, these withheld shares paid the stock option exercise price and required tax withholdings, using a value of $44.98 per share for the withheld stock.

What was the net change in Kevin Buchel’s NSSC share ownership from these transactions?

The footnotes state a net increase of 16,440 NSSC shares for Kevin Buchel. This reflects 50,000 shares issued upon option exercise, offset by 33,560 shares withheld for the exercise price and taxes, resulting in higher direct common stock ownership overall.

How many NSSC common shares does Kevin Buchel own directly after the Form 4 transactions?

After the reported transactions, Kevin Buchel directly owns 79,179 NSSC common shares. This figure reflects the net effect of the option exercise and tax-withholding disposition, as shown in the post-transaction share balances for his non-derivative holdings.

What ongoing NSSC stock options does Kevin Buchel hold following this Form 4?

He holds employee stock options that remain outstanding, including 10,000 shares and 50,000 shares listed as derivative holdings. Footnotes describe these as exercisable in tranches, with some exercisable until 2032 and others vesting cumulatively at 20% per year from May 2, 2024.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Accepted by SEC EDGAR 02/20/2026 - 04:08 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

BUCHEL KEVIN S

(Last) (First) (Middle)

333 BAYVIEW AVE

(Street)

AMITYVILLE NY 11701

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
NAPCO SECURITY TECHNOLOGIES, INC [ NSSC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President & COO

3. Date of Earliest Transaction (Month/Day/Year)
02/19/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	02/19/2026		M		50,000	A	$22.495	112,739	D
Common Stock	02/19/2026		F		33,560(1)	A	$44.98	79,179(2)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Employee Stock Option (Right to Buy)	$22.495	02/19/2026		M			50,000	10/19/2021	10/19/2031	Common Stock	50,000	$22.495	47,584	D
Employee Stock Option (Right to Buy)	$26.94							(3)	08/25/2032	Common Stock	10,000		10,000	D
Employee Stock Option (Right to Buy)	$41.75							(4)	05/02/2034	Common Stock	50,000		50,000	D

Explanation of Responses:

1. Represents the number of shares withheld by the Reporting Person as a result of the cashless exercise of stock options, and used to pay the exercise price and required tax withholdings in accordance with the 2012 Employee Stock Option Plan and stock option grant.

2. Reflects a net increase of 16,440 shares resulting from the cashless exercise of 50,000 stock options as reflected in this Form.

3. Exercisable with respect to 8,000 shares until August 24, 2032 and with respect to 2,000 shares from August 25, 2026 from August 25, 2026 until August 25, 2032.

4. Exercisable, cumulatively, at 20% per year commencing May 2, 2024.

	Kevin Buchel	02/20/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.