DILLON JOHN 4

What Happened
John Dillon, CEO of Transact Technologies (TACT), had a total of 8,675 restricted stock units (RSUs) convert to common stock across three dates: 5,825 on Feb 28, 2026; 1,600 on Mar 1, 2026; and 1,250 on Mar 2, 2026. The Form 4 shows matching "acquired" (conversion) and "disposed" entries for the same share amounts, with no price or dollar values reported. Footnotes state these RSUs were granted in 2022, 2023 and 2024 and vest 25% annually; they converted one-for-one into common shares.

Key Details

• Transaction dates: 2026-02-28 (5,825 shares), 2026-03-01 (1,600 shares), 2026-03-02 (1,250 shares).
• Total converted: 8,675 shares. No price per share or total transaction value provided (listed as N/A).
• Shares owned after the transactions: not disclosed in the provided filing excerpt.
• Footnotes: F1 = RSUs granted Feb 29, 2024; F2 = RSUs granted Mar 1, 2023; F3 = RSUs granted Mar 2, 2022 — all vesting 25% annually and converting one-for-one.
• Filing date: 2026-03-02; filing appears timely relative to the reported dates.

Context
The transaction code M indicates conversion/exercise of a derivative — here RSUs converting into common shares. The matching disposals reported alongside the conversions typically reflect immediate share withholding or sale to satisfy tax withholding or other obligations; the filing does not specify whether shares were withheld by the company or sold on the open market, nor any cash proceeds. These conversions are routine vesting events and do not by themselves signal a buy or sell decision by the insider beyond the mechanics of vesting and tax settlement.