Conroy Theresa A. 4

What Happened
Theresa A. Conroy, Senior Vice President of Human Resources at Transcat, had 2,024 restricted stock units (RSUs) vest and convert into common stock in late March 2026. Of those shares, 975 were withheld to satisfy tax withholding obligations (a cashless settlement), resulting in net retention of 1,049 shares. The withholding generated proceeds of $54,217 (743 shares at $72.97) on March 26, 2026 and $16,546 (232 shares at $71.32) on March 28, 2026, for a combined tax-withholding amount of $70,763.

Key Details

• Transaction dates: March 26, 2026 (1,500 RSUs vested/converted; 743 shares withheld at $72.97) and March 28, 2026 (524 RSUs vested/converted; 232 shares withheld at $71.32).
• Acquisition: 2,024 RSUs converted to 2,024 common shares (acquired at $0 per share as RSU conversion).
• Disposition (for tax): 975 shares withheld (reported as dispositions) for tax withholding, total value $70,763.
• Net shares retained from these events: 1,049 shares (2,024 converted minus 975 withheld).
• Footnotes of note: F1 — RSUs convert one-for-one into common stock; F3 — shares were withheld specifically to cover tax withholding; F4 — 1,500 RSUs vested on March 26 and 524 RSUs vested on March 28; F2 indicates 46 shares reported include purchases under the Employee Stock Purchase Plan.
• Filing: Form 4 filed April 1, 2026 (reflecting the March 26 and March 28 vesting/conversion events).

Context
This was a routine RSU vesting and cashless tax-withholding transaction, not an open-market sale or a new purchase. The “acquired” entries reflect RSUs converting to shares (no cash paid), while the “disposed” entries reflect shares withheld to satisfy tax obligations — a common administrative step that does not necessarily signal a change in the insider’s view of the company.