# EDGAR Filing Document

**Accession Number:** 0000080172
**File Stem:** 0001493152-25-026280
**Filing Date:** 2025-12
**Character Count:** 18379
**Document Hash:** 3683ccf33555ab710edb71abc6eafd61
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001493152-25-026280.hdr.sgml**: 20251205

**ACCESSION NUMBER**: 0001493152-25-026280

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13D

**PUBLIC DOCUMENT COUNT**: 3

**FILED AS OF DATE**: 20251205

**DATE AS OF CHANGE**: 20251205

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** NATIONAL PRESTO INDUSTRIES INC
- **CENTRAL INDEX KEY:** 0000080172
- **STANDARD INDUSTRIAL CLASSIFICATION:** ORDNANCE & ACCESSORIES, (NO VEHICLES/GUIDED MISSILES) [3480]
- **ORGANIZATION NAME:** 04 Manufacturing
- **EIN:** 390494170
- **STATE OF INCORPORATION:** WI
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-20251
- **FILM NUMBER:** 251551335

**BUSINESS ADDRESS:**
- **STREET 1:** 3925 N HASTINGS WAY
- **CITY:** EAU CLAIRE
- **STATE:** WI
- **ZIP:** 54703
- **BUSINESS PHONE:** 7158392121

**MAIL ADDRESS:**
- **STREET 1:** 3925 N HASTINGS WAY
- **CITY:** EAU CLAIRE
- **STATE:** WI
- **ZIP:** 54703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** NATIONAL PRESSURE COOKER CO
- **DATE OF NAME CHANGE:** 19710509
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Albion River Management LLC
- **CENTRAL INDEX KEY:** 0001982492

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D

**BUSINESS ADDRESS:**
- **STREET 1:** 2600 TOWER OAKS BOULEVARD, SUITE 280
- **CITY:** ROCKVILLE
- **STATE:** MD
- **ZIP:** 20852
- **BUSINESS PHONE:** 5713215328

**MAIL ADDRESS:**
- **STREET 1:** 2600 TOWER OAKS BOULEVARD, SUITE 280
- **CITY:** ROCKVILLE
- **STATE:** MD
- **ZIP:** 20852

## Ex-1

**EXHIBIT A**

**SCHEDULE OF TRANSACTIONS**

The following table lists all transactions completed by the Reporting Persons in the Common Stock during the past sixty (60) days, which were all completed through open market transactions.

---

| | | |
|:---|:---|:---|
| **Date and Nature of Transaction** | **Price per Share** | **Number of Shares of Common Stock** |
| 10/27/25 – Purchase | $108.07 | 86313 |
| 10/28/25 – Purchase | $109.60 | 2861 |
| 10/29/25 – Purchase | $108.27 | 47139 |
| 10/30/25 – Purchase | $105.32 | 9677 |
| 10/31/25 – Purchase | $106.28 | 6638 |
| 11/03/25 – Purchase | $107.85 | 5233 |
| 11/04/25 – Purchase | $109.19 | 7024 |
| 11/05/25 – Purchase | $107.98 | 21271 |
| 11/06/25 – Purchase | $107.49 | 28697 |
| 11/07/25 – Purchase | $107.19 | 13416 |
| 11/10/25 – Purchase | $107.29 | 4044 |
| 11/17/25 – Purchase | $94.10 | 7112 |
| 11/18/25 – Purchase | $93.52 | 25657 |
| 11/19/25 – Purchase | $93.99 | 2954 |
| 11/20/25 – Purchase | $93.53 | 12073 |
| 11/21/25 – Purchase | $93.51 | 1297 |
| 11/24/25 – Purchase | $94.07 | 6211 |
| 11/25/25 – Purchase | $93.55 | 715 |
| 11/26/25 – Purchase | $93.86 | 7900 |
| 11/28/25 – Purchase | $93.75 | 6081 |

---

## Ex-2

**EXHIBIT B**

**Joint Filing Statement**

**Statement Pursuant to Rule 13d-1(k)(1)**

The undersigned hereby consent and agree to file a joint statement on Schedule 13D under the Act with respect to the Common Stock, $1 par value, of National Presto Industries Inc., beneficially owned by them, together with any or all amendments thereto, when and if appropriate. The parties hereto further consent and agree to file this Statement pursuant to Rule 13d-1(k)(1)(iii) as an exhibit to Schedule 13D, thereby incorporating the same into such Schedule 13D.

---

| | | |
|:---|:---|:---|
| Dated: December 5, 2025 | Albion River Management LLC | Albion River Management LLC |
|  | By: | */s/ Mark Schneiderman* |
|  | Name: | Mark Schneiderman |
|  | Title: | Chief Legal Officer |

---

Ignium II, LP <br>By: Ignium II, GP, LLC, its general partner

---

| | |
|:---|:---|
| By: | */s/ Mark Schneiderman* |
| Name: | Mark Schneiderman |
| Title: | General Counsel |

---

---

| | |
|:---|:---|
| Darren Farber | Darren Farber |
| By: | */s/ Darren Farber* |

---

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## SCHEDULE 13D

### Under the Securities Exchange Act of 1934

**NATIONAL PRESTO INDUSTRIES INC**

*(Name of Issuer)*

**Common Stock, $1 par value**

*(Title of Class of Securities)*

**637215104**

*(CUSIP Number)*

**Darren Farber**<br>Albion River Management LLC<br>2600 Tower Oaks Boulevard, Suite 280<br>Rockville MD 20852<br>(571) 321-5328

*(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)*

**11/28/2025**

*(Date of Event Which Requires Filing of this Statement)*

| **CUSIP No.** | **637215104** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Albion River Management LLC** | Name of reporting person<br>**Albion River Management LLC** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**AF** | Source of funds (See Instructions)<br>**AF** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**DELAWARE** | Citizenship or place of organization<br>**DELAWARE** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**362350.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**362350.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**0.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**362350.00** | Aggregate amount beneficially owned by each reporting person<br>**362350.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**5.07%** | Percent of class represented by amount in Row (11)<br>**5.07%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IA** | Type of Reporting Person (See Instructions)<br>**IA** | |

---

**Comment for Reporting Person:** * Shares reported herein represent Common Stock of National Presto Industries Inc. (the "Issuer") held by Ignium II, LP, a Delaware limited partnership (the "Fund").  The Fund is a private investment vehicle for which Albion River Management LLC, a Delaware limited liability company (the "Investment Manager"), serves as the investment manager.  Darren Farber serves as the sole managing partner of the Investment Manager (each of the foregoing, a "Reporting Person" and, collectively, the "Reporting Persons").

(1) Represents 362,250 shares of Common Stock held by the Reporting Persons.

(2) Based on 7,151,940 shares of Common Stock of the Issuer that were outstanding as of November 7, 2025.  The amount of shares outstanding was based upon a statement in the Issuer's Form 10-Q, filed on November 7, 2025.

| **CUSIP No.** | **637215104** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Ignium II, LP** | Name of reporting person<br>**Ignium II, LP** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**WC** | Source of funds (See Instructions)<br>**WC** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**DELAWARE** | Citizenship or place of organization<br>**DELAWARE** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**362250.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**362250.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**0.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**362250.00** | Aggregate amount beneficially owned by each reporting person<br>**362250.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**5.07%** | Percent of class represented by amount in Row (11)<br>**5.07%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**PN** | Type of Reporting Person (See Instructions)<br>**PN** | |

---

**Comment for Reporting Person:** * Shares reported herein represent Common Stock of the Issuer held by the Fund.  The Fund is a private investment vehicle for which the Investment Manager, serves as the investment manager.  Darren Farber serves as the sole managing partner of the Investment Manager.

(1) Represents 362,250 shares of Common Stock held by the Reporting Persons.

(2) Based on 7,151,940 shares of Common Stock of the Issuer that were outstanding as of November 7, 2025. The amount of shares outstanding was based upon a statement in the Issuer's Form 10-Q, filed on November 7, 2025.

| **CUSIP No.** | **637215104** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Darren Farber** | Name of reporting person<br>**Darren Farber** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**AF** | Source of funds (See Instructions)<br>**AF** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**X1** | Citizenship or place of organization<br>**X1** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**362250.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**362250.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**0.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**362250.00** | Aggregate amount beneficially owned by each reporting person<br>**362250.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**5.07%** | Percent of class represented by amount in Row (11)<br>**5.07%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IN** | Type of Reporting Person (See Instructions)<br>**IN** | |

---

**Comment for Reporting Person:** * Shares reported herein represent Common Stock of the Issuer held by the Fund.  The Fund is a private investment vehicle for which the Investment Manager, serves as the investment manager.  Darren Farber serves as the sole managing partner of the Investment Manager.

(1) Represents 362,250 shares of Common Stock held by the Reporting Persons.

(2) Based on 7,151,940 shares of Common Stock of the Issuer that were outstanding as of November 7, 2025. The amount of shares outstanding was based upon a statement in the Issuer's Form 10-Q, filed on November 7, 2025.

**Item 1. Security and Issuer**

**(a) Title of Class of Securities:**
Common Stock, $1 par value

**(b) Name of Issuer:**
NATIONAL PRESTO INDUSTRIES INC

**(c) Address of Issuer's Principal Executive Offices:**
3925 North Hastings Way, Eau Claire, WI, 54703-3703

The securities to which this Schedule 13D (the "Schedule") relates are shares of common stock, par value $1 per share (the "Common Stock"), of National Presto Industries Inc. (the "Issuer").  The principal executive offices of the Issuer are located at 3925 North Hastings Way, Eau Claire, Wisconsin 54703-3703.

**Item 4. Purpose of Transaction**

The response to Item 3 of this Schedule is incorporated herein by reference.

The Reporting Persons acquired 362,250 shares of Common Stock over which they exercise beneficial ownership in the belief that the shares of Common Stock are undervalued and are an attractive investment opportunity.  The Reporting Persons intend to engage in discussions with the Issuer regarding strategy.

Except as stated in response to this Item 4, the Reporting Persons have no current plans or proposals with respect to the Issuer or its securities enumerated in subparagraphs (a) - (j) of this Item 4 to Schedule 13D promulgated under the Act.  Notwithstanding the foregoing, the Reporting Persons may determine, from time to time in the future, based on market and general economic conditions, the business affairs and financial conditions of the Issuer, the capital requirements of the Fund (or other Reporting Persons), the availability of securities at favorable prices and other alternative investment opportunities available to the Reporting Persons, and other factors that the Reporting Persons may deem relevant, to acquire additional shares of Common Stock and/or other equity, debt, notes, instruments or other securities of the Issuer (collectively, "Securities") in the open market, in privately negotiated transactions, or otherwise, or to sell some or all of the Securities they now hold or hereafter acquire as set forth above or otherwise.  The Reporting Persons reserve the right to change their intention with respect to, and pursue plans or proposals that relate to or could result in, any and all matters referred to in subparagraphs (a) - (j) of this Item 4 to Schedule 13D promulgated under the Act.

**Item 5. Interest in Securities of the Issuer**

**(a)**
As of December 5, 2025, the Reporting Persons beneficially own the number of Common Stock set forth below.  Percentage ownership is based on 7,151,940 shares of Common Stock of the Issuer that were outstanding as of November 7, 2025.  The amount of shares outstanding was based upon a statement in the Issuer's Form 10-Q, filed on November 7, 2025.

(a), (b) The applicable Reporting Persons may be deemed to beneficially own an aggregate of 362,250 shares of Common Stock.  These shares of Common Stock represent approximately 5.07% of the outstanding shares of Common Stock of the Issuer.  By virtue of relationships between the Reporting Persons (i.e., Mr. Farber's sole authority to direct the affairs of the Investment Manager, including the voting and disposition of shares of Common Stock held by all Reporting Persons), the Reporting Persons may be deemed to have sole voting and dispositive power with respect to the shares owned directly by the Fund.

**(b)**
The Fund has the sole power to vote or direct 362,250 of Common Stock; has the shared power to vote or direct the vote of 0 shares of Common Stock; has the sole power to dispose or direct the disposition of 362,250 of Common Stock; and has the shared power to dispose or direct the disposition of 0 shares of Common Stock.

The Investment Manager has the sole power to vote or direct 362,250 of Common Stock; has the shared power to vote or direct the vote of 0 shares of Common Stock; has the sole power to dispose or direct the disposition of 362,250 of Common Stock; and has the shared power to dispose or direct the disposition of 0 shares of Common Stock.

Mr. Farber has the sole power to vote or direct 362,250 of Common Stock; has the shared power to vote or direct the vote of 0 shares of Common Stock; has the sole power to dispose or direct the disposition of 362,250 of Common Stock; and has the shared power to dispose or direct the disposition of 0 shares of Common Stock.

**(c)**
Exhibit A hereto sets forth the transactions in Common Stock effected by the Reporting Persons during the past sixty (60) days.

**Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.**

Other than the joint filing agreement filed as Exhibit B to this Schedule, the Reporting Persons have no knowledge of any contracts, arrangements, understandings or relationships (legal or otherwise) among the persons named in response to Item 2 or between such persons and any person with respect to any securities of the Issuer.

### SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Albion River Management LLC

**Signature:** /s/ Mark Schneiderman

**Name/Title:** Mark Schneiderman/ Chief Legal Officer

**Date:** 12/05/2025

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Ignium II, LP

**Signature:** /s/ Mark Schneiderman

**Name/Title:** Mark Schneiderman/ General Counsel of Ignium II, GP, LLC, its general partner

**Date:** 12/05/2025

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Darren Farber

**Signature:** /s/ Darren Farber

**Name/Title:** Darren Farber

**Date:** 12/05/2025