NAPCO SECURITY TECHNOLOGIES, INC 10-Q

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds On September 16, 2014 the Company’s board of directors authorized the repurchase of up to 2 million of the approximately 38.8 million shares of the Company’s common stock then outstanding. Such repurchases may be made from time to time in the open market or in privately negotiated transactions subject to market conditions and the market price of the common stock. In December of Fiscal 2018, the board of directors authorized the repurchase of up to an additional 1 million shares. In November of Fiscal 2025, the board authorized the repurchase of up to an additional 1 million shares. During the first quarter of the fiscal year ended June 30, 2025, the Company repurchased 193,252 shares of its outstanding common stock at a weighted average price of $37.67. During the second quarter of the fiscal year ended June 30, 2025, the Company repurchased 282,647 shares of its outstanding common stock at a weighted average price of $37.95. During the third quarter of the fiscal year ended June 30, 2025, the Company repurchased 745,000 shares of its outstanding common stock at a weighted average price of $25.22. Shares repurchased through the fiscal year ended June 30, 2025, are included in the Company’s Treasury Stock as of June 30, 2025. The Company currently has available 359,741 shares that can be repurchased under this authorization. None of the Company’s common stock was repurchased during the three months ended September 30, 2025. The following tables summarizes information about shares repurchased by the Company for the fiscal year ended June 30, 2025: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Number of Maximum ​ ​ Total ​ ​ ​ Shares Purchased as ​ Number of Shares ​ ​ Number of ​ Average ​ Part of Publicly ​ that May Yet Be ​ ​ Shares ​ Price Paid ​ Announced Plans or ​ Purchased Under Period Purchased per Share Programs Plans or Programs September 10, 2024 - September 19, 2024 193,252 $ 37.67 193,252 1,387,388 November 7, 2024 - December 19, 2024 ​ 282,647 ​ $ 37.95 ​ 282,647 ​ 1,104,741 February 6, 2025 - March 20, 2025 ​ 745,000 ​ $ 25.22 ​ 745,000 ​ 359,741 Total for the 9 months ended March 31, 2025 1,220,899 $ 30.14 1,220,899 359,741 ​ ​ Item 3. Defaults Upon Senior Securities None. Item 4. Mine Safety Disclosures Not Applicable.