Richard Soloway, Founder and Executive Chairman of NAPCO Security Technologies, Inc. (NASDAQ:NSSC), filed a Form 4 on August 28, 2026, disclosing the sale of a combined 475,000 shares of common stock across two transactions on August 26 and August 27, 2026.

Key Highlights

  • First sale: 95,471 shares sold on August 26, 2026, at a weighted average price of $35.93, with actual prices ranging from $35.50 through $36.25.
  • Second sale: 379,529 shares sold on August 27, 2026, at a weighted average price of $34.50, with actual prices ranging from $34.00 through $35.61.
  • Remaining direct ownership: 621,958 shares of common stock held directly following both transactions.
  • Reporting person's roles: Soloway is identified in the filing as both a Director and the Founder and Executive Chairman of the issuer.
  • Derivative security retained: An employee stock option to purchase 2,000 shares of common stock at an exercise price of $26.94, expiring August 25, 2032, remains held directly and is currently exercisable.

Soloway's Share Sales and Remaining Stake in NAPCO Security

According to the filing, Richard Soloway disposed of 95,471 shares of NAPCO Security Technologies common stock on August 26, 2026, at a weighted average selling price of $35.93 per share. The filing notes that actual selling prices for that transaction ranged from $35.50 through $36.25. Prior to this sale, Soloway beneficially owned 1,096,958 shares directly, and following it, his direct holdings stood at 1,001,487 shares.

On August 27, 2026, the filing discloses a second sale of 379,529 shares at a weighted average price of $34.50, with actual prices ranging from $34.00 through $35.61. After both transactions were completed, Soloway's directly held common stock position totaled 621,958 shares, according to the filing. Both transactions were coded "S," indicating open-market sales.

In addition to his common stock position, the filing reports that Soloway holds an employee stock option covering 2,000 shares of common stock with an exercise price of $26.94 and an expiration date of August 25, 2032. The filing notes this option is currently exercisable. No derivative securities were acquired or disposed of in connection with the reported transactions.

What Was Disclosed

The filing reported two open-market sales of NAPCO Security Technologies common stock by Founder and Executive Chairman Richard Soloway totaling 475,000 shares on August 26 and August 27, 2026, leaving him with 621,958 shares held directly.