4//SEC Filing
Braner Michael David 4
Accession 0001214659-25-006958
CIK 0001017303other
Filed
May 4, 8:00 PM ET
Accepted
May 5, 4:49 PM ET
Size
19.5 KB
Accession
0001214659-25-006958
Insider Transaction Report
Form 4
325 CAPITAL LLC
Director10% Owner
Transactions
- Exercise/Conversion
Common Stock
2025-05-04+1,700→ 9,975 total(indirect: See Footnotes) - Exercise/Conversion
Restricted Stock Units
2025-05-04−1,700→ 1,700 total(indirect: See Footnotes)→ Common Stock (1,700 underlying)
Holdings
- 1,011,789(indirect: See Footnotes)
Common Stock
Footnotes (5)
- [F1]Restricted Stock Units issued on May 4, 2022 pursuant to the Company's 2014 Equity Incentive Plan, as Amended and Restated, vesting 25% annually commencing on the first anniversary date of the grant, that have converted to common stock on a one-for-one basis.
- [F2]This Report is filed jointly by 325 Capital LLC, a Delaware limited liability company ("325"), 325 Capital Master Fund LP, a Cayman Islands exempted limited partnership ("325 Master Fund"), 325 Capital GP, LLC, a Delaware limited liability company registered as a foreign partnership in the Cayman Islands ("325 Capital GP"), Michael D. Braner, a citizen of the United States of America, Daniel M. Friedberg, a citizen of the United States of America, and Anil K. Shrivastava, a citizen of the United States of America (collectively, the "Reporting Persons"), each of whom may be deemed to have a pecuniary interest in the securities reported on this Form 4.
- [F3]These securities are owned directly by Daniel M. Friedberg, a Managing Member of 325 who serves on the board of directors of TransAct Technologies Incorporated (the "Company"). 325 is entitled to receive all of the economic interest in securities granted to Mr. Friedberg in respect of Mr. Friedberg's service on the board of directors, and may therefore be deemed to beneficially own these securities for purposes of Rule 16a-1(a) under the Securities Exchange Act of 1934, as amended. 325 Capital GP is the general partner of 325 Master Fund, 325 is the investment manager to 325 Master Fund, and each of Messrs. Braner, Friedberg and Shrivastava are Managing Members of 325. As a result, all of the Reporting Persons may be deemed to beneficially own the securities owned directly by Mr. Friedberg. The other Reporting Persons may also be deemed "directors by deputization" of the Company.
- [F4]Each of the Reporting Persons disclaims any beneficial ownership of any of these securities, except to the extent of any pecuniary interest therein.
- [F5]These securities are owned directly by 325 Master Fund. As a result of the relationships described in Footnote (3) above, all of the Reporting Persons may be deemed to beneficially own the securities owned directly by 325 Master Fund.
Documents
Issuer
TRANSACT TECHNOLOGIES INC
CIK 0001017303
Entity typeother
Related Parties
1- filerCIK 0001908015
Filing Metadata
- Form type
- 4
- Filed
- May 4, 8:00 PM ET
- Accepted
- May 5, 4:49 PM ET
- Size
- 19.5 KB