DEMARTINO STEVEN A 4

What Happened

• Steven A. DeMartino, President, Chief Financial Officer, Treasurer & Secretary of Transact Technologies, reported the conversion/exercise of restricted stock units into common stock on March 4, 2026. The filing shows 12,500 shares acquired via conversion (code M). To satisfy tax withholding, 4,240 shares were disposed at $3.48 per share, totaling $14,755 (code F). The filing also lists an additional 12,500- share derivative entry (code M) reported as disposed; the filing’s footnote explains these were RSUs that converted one-for-one to common stock.

Key Details

• Transaction date: March 4, 2026; Form 4 filed March 6, 2026 (filed within standard two business days).
• Reported acquired: 12,500 shares via conversion/exercise of RSUs (code M).
• Reported disposed for taxes: 4,240 shares at $3.48 each = $14,755 (code F).
• Additional M-code entry: 12,500 shares listed as disposed (derivative); filing labels the awards as RSUs (see footnote).
• Shares owned after the transactions: not specified in the provided filing details.
• Footnote: RSUs were granted Sept 4, 2024 under the 2014 Equity Incentive Plan; they vest in eight equal quarterly increments over two years and convert one-for-one to common stock.

Context

• Code explanations: M = exercise/conversion of derivative (here, RSUs converting to common stock); F = payment of exercise price or tax liability (here, share withholding to cover taxes).
• This appears to be a routine vesting/conversion of RSUs with shares withheld for taxes (a common, non-market-timing administrative action). There is no indication of an open-market sale for cash beyond the tax withholding in the reported entries.