Chernay Tracey S 4

What Happened

• Tracey S. Chernay, Chief Revenue Officer of TransAct Technologies, received a grant of 14,124 restricted stock units (RSUs) on February 25, 2026. The Form 4 lists the acquisition price as $0.00 (derivative award), since these are unvested equity awards rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-02-25; Form 4 filed: 2026-02-27 (timely — within the usual two business days).
• Award: 14,124 RSUs reported as $0 on the Form 4 (typical for unvested grants); no immediate cash change.
• Vesting: Cliff vests on the second anniversary of the grant (vest date: 2028-02-25) per the company’s 2014 Equity Incentive Plan, as amended.
• Conversion: Each RSU converts to one share of common stock on a 1:1 basis upon vesting.
• Shares owned after transaction: Not disclosed in this filing.
• No 10b5-1 plan, tax-withholding sale, or exercise reported in this filing.

Context

• RSU grants are a common form of executive compensation and do not represent an open-market buy or sell. Because these awards are unvested and will convert to common stock only if vesting conditions are met, they are not an immediate bullish or bearish signal about the insider’s view of the stock. The eventual value will depend on TransAct’s share price at vesting.