DEFRANCES WILLIAM 4

What Happened

• William DeFrances, Chief Accounting Officer of TransAct Technologies, was granted 6,780 restricted stock units (RSUs) on February 25, 2026. The award is recorded as a derivative grant at $0.00 per share (Form 4 code A — award/other acquisition). These RSUs convert to common stock on a one-for-one basis upon vesting.

Key Details

• Transaction date: 2026-02-25; Form 4 filed: 2026-02-27 (filed within the standard 2-business-day window).
• Grant size and price: 6,780 RSUs granted, $0.00 reported as acquisition price (typical for equity awards).
• Vesting and conversion: Cliff vests on the second anniversary of the grant (no shares vest until that date) and converts to common stock one-for-one (see footnote).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnote: RSUs issued under the Company’s 2014 Equity Incentive Plan, as amended and restated.
• No indication of a 10b5-1 plan, tax withholding transaction, or late filing in the disclosed details.

Context

• RSUs are a compensation award, not an immediate purchase or sale. Because these RSUs cliff vest in two years, they do not provide immediate shares or liquidity and should not be interpreted as an immediate market buy/sell signal. The ultimate value will depend on TransAct’s share price at the time of vesting and any applicable tax withholdings at that time.