NAPCO Common Stock Settlement: $20 Million Fund

The notice has a specific definition of the Class. It also makes an exception for qualifying investment vehicles connected with former underwriter defendants: they are not excluded merely for that reason if the ownership conditions in the notice are met.

• You must have bought or otherwise acquired NAPCO common stock from November 7, 2022, through August 18, 2023, and been damaged.
• The notice excludes Defendants and Former Defendants, certain family members and related parties, NAPCO officers and directors during the Class Period and their immediate families, certain controlled entities, and people or entities that validly opt out.
• Receiving the notice does not by itself establish that you qualify or that you will be paid.

Filing a claim is the only way to seek a payment. The notice says a claim may be mailed to the Claims Administrator or submitted online.

• Submit a completed and signed Proof of Claim by mail or online no later than December 28, 2026.
• Include all documents requested by the Proof of Claim form.
• The notice does not list every document the form will require. Those requirements are specified in the form itself.

The roughly $1.23-per-share figure is only an average estimate before deductions, not a promised rate. Your result depends on the recognized loss calculated under the plan and the total recognized claims submitted by other authorized claimants.

• The settlement fund is $20 million before deductions.
• Taxes, notice and administration costs, and Court-approved fees and expenses are taken out before payments are distributed.
• Payments are divided proportionally among eligible claimants with accepted claims under the allocation plan.
• No payment will be made when an authorized claimant’s calculated share is below $10.

These rules can make the calculation different from the amount you paid or lost in your account. The notice’s plan is a method for dividing the fund, not a promise of damages or a payment estimate.

• The plan calculates a recognized loss for Class-Period purchases or acquisitions using the purchase date, sale date or continued holding, prices, and alleged inflation amounts.
• Your overall market gain or loss can limit the recognized claim. An overall market gain produces a recognized claim of zero.
• Transactions are generally matched first in, first out (FIFO).
• Short-sale transactions do not receive a recognized loss under the stated rules. Shares bought or sold through an option use the option exercise date and exercise price.

Leaving the settlement is also called opting out. It means you will not be bound by this settlement, but it does not guarantee that you can successfully bring your own claim later. The notice warns that time-limit defenses may apply.

• To leave the settlement, mail a signed exclusion request postmarked by November 26, 2026.
• The request must state that you request exclusion from the Class in the NAPCO Securities Settlement and provide your NAPCO transactions during the Class Period, along with the required contact information.
• Someone who opts out cannot receive settlement money or object to the settlement.

The hearing is scheduled for December 17, 2026, at 1:30 p.m. The Court may change the hearing arrangements, and the notice says updates may be posted without another mailed notice.

• You may object only if you remain in the Class.
• A written objection must include your contact information, signature, transaction details, specific reasons, and supporting legal or factual material, as well as the other information the notice requires.
• It must be filed with the Court and sent to Lead Counsel and Defendants’ Counsel so that all receive it by November 26, 2026.
• You do not have to attend the hearing for the Court to consider a timely complete written objection.

Approval at the hearing does not mean checks are immediately sent. The notice says payments follow approval, resolution of any appeals, and claim processing.

• If you do not file a claim, you will not receive a payment.
• Unless you timely and validly opt out, you remain in the Class and are bound by the settlement if approved.
• Staying in the Class means giving up the released claims against the defendants and other released parties, including claims that may not be known now, subject to the exceptions described in the notice.