Transcat (TRNS) Director Kaniki Mbago Exercises Options, Sells Shares

What Happened

• Kaniki Mbago M., a director of Transcat Inc. (TRNS), converted/exercised 1,587 derivative shares on Sep 10, 2026 and a matching 1,587-share disposition is reported the same day. The exercise/conversion and the disposition are reported with $0 consideration (exercise price and reported proceeds not shown). In addition, a grant of 1,671 restricted stock units (RSUs) was reported on Sep 9, 2026; RSUs convert one-for-one into common stock per the filing.

Key Details

• Transaction dates: Sep 9, 2026 (RSU grant of 1,671 RSUs); Sep 10, 2026 (conversion/exercise of 1,587 shares and same-day disposition of 1,587 shares).
• Prices reported: $0.00 per share for the exercise/conversion and for the grant (exercise price/proceeds not reported in the Form 4).
• Shares owned after transaction: Not specified in the filing.
• Notable footnotes:
  • F1: RSUs convert into common stock one-for-one.
  • F2/F3: Filing notes on vesting — one note indicates RSUs generally vest Sept 9, 2027; another footnote states certain RSUs vested on Sept 10, 2026.
  • F4: The option involved is fully vested and exercisable as of the report date.
• Filing timeliness: Form 4 was filed on Sep 10, 2026 (the day after the Sep 9, 2026 report period), indicating a timely filing; Exhibit 24 (Power of Attorney) is attached.

Context

• This filing shows a derivative exercise/conversion and an immediate same-day disposition of the resulting 1,587 shares. The Form 4 does not state whether the disposition was a sale for cash, a sell-to-cover for taxes, or another transfer, nor does it report cash proceeds. RSU grants and exercises/conversions are routine insider events; the filing is informational and does not by itself explain the insider’s motivations.