Napco (NSSC) CEO nets 25,948 shares from cashless option exercise
Rhea-AI Filing Summary
Napco Security Technologies CEO Richard Soloway reported exercising stock options for a total of 108,000 shares of common stock on February 10, 2026, at exercise prices of $22.495 and $26.94 per share.
To cover the option exercise price and required taxes, 82,052 shares were withheld as a tax-withholding disposition, resulting in a net increase of 25,948 shares. Following these cashless exercises, Soloway directly beneficially owned 1,281,958 shares of Napco common stock.
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Insider Trade Summary
Net Buyer: 25,948 shares
Net Buy
6 txns
Insider
SOLOWAY RICHARD
Role
CEO, Chairman of Board, Secy
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (Right to Buy) | 100,000 | $22.495 | $2.25M |
| Exercise | Employee Stock Option (Right to Buy) | 8,000 | $26.94 | $216K |
| Exercise | Common Stock | 100,000 | $22.495 | $2.25M |
| Exercise Price or Tax Liability | Common Stock | 74,878 | $42.63 | $3.19M |
| Exercise | Common Stock | 8,000 | $26.94 | $216K |
| Exercise Price or Tax Liability | Common Stock | 7,174 | $42.63 | $306K |
Holdings After Transaction:
Employee Stock Option (Right to Buy) — 2,000 shares (Direct);
Common Stock — 1,281,958 shares (Direct)
Footnotes (3)
- 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.
- F2. Reflects a net increase of 25,948 shares resulting from the cashless exercise of 108,000 stock options as reflected in this Form.
- F3. Exercisable on August 25, 2026 and exercisable until August 25, 2032.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Napco (NSSC) CEO Richard Soloway report?
Richard Soloway reported exercising stock options for 108,000 shares of Napco common stock on February 10, 2026. These option exercises converted derivative securities into common shares under previously granted employee stock option awards.
At what prices did the Napco (NSSC) CEO exercise his stock options?
The CEO exercised 100,000 stock options at an exercise price of $22.495 per share and 8,000 stock options at $26.94 per share. Both option series were employee stock options granting rights to acquire Napco common stock.
What is the Napco (NSSC) CEO’s beneficial ownership after these transactions?
After the reported option exercises and related share withholdings, Richard Soloway directly beneficially owned 1,281,958 shares of Napco common stock. This reflects a net increase of 25,948 shares resulting from the cashless exercise of 108,000 stock options.
What happened to the Napco (NSSC) stock options after exercise?
The 100,000 options with a $22.495 exercise price and 8,000 options with a $26.94 exercise price were largely exercised, reducing the first grant to zero and leaving 2,000 options remaining in the second grant, according to the derivative securities table.
When do the remaining Napco (NSSC) stock options held by the CEO become exercisable?
A remaining 2,000 employee stock options with a $26.94 exercise price are described as exercisable on August 25, 2026, and exercisable until August 25, 2032. These terms come from the option grant’s stated vesting and expiration schedule.