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. Shares repurchased through the six months ended December 31, 2024, are included in the Company’s Treasury Stock as of December 31, 2024. The Company currently has available 1,104,741 shares that can be repurchased under this authorization. The following tables summarizes information about shares repurchased by the Company for the six months ended December 31, 2024: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 1,104,741 November 7, 2024 - December 19, 2024 ​ 282,647 ​ $ 37.95 ​ 282,647 ​ 1,104,741 Total for the 6 months ended December 31, 2024 475,899 $ 37.84 475,899 1,104,741 ​ ​ Item 3. Defaults Upon Senior Securities None. Item 4. Mine Safety Disclosures Not Applicable.