DEMARTINO STEVEN A 4

What Happened

• Steven A. DeMartino — President, Chief Financial Officer, Treasurer & Secretary of TransAct Technologies (TACT) — converted restricted stock units (RSUs) into common stock on June 4, 2026. The filing shows two derivative conversion entries of 12,500 shares each (total 25,000 RSUs converted). To cover tax withholding, 4,291 shares were surrendered at $4.66 per share for a total withholding value of $19,996. Net shares issued to him = 25,000 - 4,291 = 20,709 shares.
• This was not an open-market sale or purchase; it was the routine vesting/conversion of equity awards with shares withheld for taxes (code F for tax withholding).

Key Details

• Transaction date: 2026-06-04; Form 4 filed: 2026-06-05 (timely).
• Conversions reported: two derivative (code M) entries of 12,500 shares each (total 25,000 RSUs converted).
• Tax withholding: 4,291 shares disposed at $4.66/share = $19,996 (code F).
• Shares owned after transaction: not specified in the filing.
• Footnote: These RSUs were granted on Sept 4, 2024 under the company’s 2014 Equity Incentive Plan and convert one-for-one to common stock as they vest.

Context

• This is a routine equity-award vesting and tax-withholding event rather than a market sale or purchase; withholding of shares to cover taxes is common and does not necessarily indicate a change in insider sentiment.
• The filing reports conversion of derivative awards (RSUs). Because some filings break the conversion and withholding into separate line items, a net-share calculation (25,000 converted less 4,291 withheld = 20,709 net shares issued) gives the practical change in shares received.