325 CAPITAL LLC 4
4 · TRANSACT TECHNOLOGIES INC · Filed Feb 26, 2026
Research Summary
AI-generated summary of this filing
TransAct (TACT) 325 Capital LLC Receives RSU Award
What Happened 325 Capital LLC, reported as a 10% owner through related entities, was granted 14,700 restricted stock units (RSUs) in TransAct Technologies Inc. (TACT) on 2026-02-24. The RSUs were granted at $0.00 (no cash paid); they are derivative awards that will convert to common stock on a one-for-one basis upon vesting. The grant appears tied to board service: the filing notes Daniel M. Friedberg, a TransAct director and Managing Member of 325, is the direct owner of some of these securities and 325 is entitled to the economic interest in them.
Key Details
- Transaction date: 2026-02-24; filing date: 2026-02-26.
- Transaction type/code: Award/Grant (A); derivative (Restricted Stock Units).
- Amount granted: 14,700 RSUs at $0.00 (no cash consideration).
- Vesting/conversion: Cliff vests on the first anniversary of the grant (one-year cliff); converts 1-for-1 to common shares when vested.
- Shares owned after transaction: Not specified in this Form 4 filing.
- Reporting parties: Filed jointly by 325 Capital LLC, 325 Capital Master Fund LP, 325 Capital GP, LLC, and individuals Michael D. Braner, Daniel M. Friedberg, and Anil K. Shrivastava. Footnotes explain that some RSUs are directly owned by Daniel M. Friedberg and/or 325 Master Fund and that the Reporting Persons disclaim beneficial ownership except for any pecuniary interest.
- Timeliness: Filed within two days of the transaction (not indicated as late).
Context RSU grants are typically compensation (e.g., for board service) and do not involve an immediate purchase or sale of shares; value is realized only if/when the RSUs vest and convert to stock. Because this involves a 10% owner and related funds/individuals, the filing mainly documents beneficial ownership relationships rather than an individual insider buying or selling stock. This is informational for investors but does not by itself indicate a buy or sell sentiment.
Insider Transaction Report
- Award
Restricted Stock Units
[F1][F2][F3][F4]2026-02-24+14,700→ 14,700 total(indirect: See Footnotes)→ Common Stock (14,700 underlying)
- 9,975(indirect: See Footnotes)
Common Stock
[F2][F3][F4] - 1,011,789(indirect: See Footnotes)
Common Stock
[F2][F4][F5]
Footnotes (5)
- [F1]Restricted Stock Units issued on February 24, 2026 pursuant to the Company's 2014 Equity Incentive Plan, as Amended and Restated, cliff vesting on the first anniversary date of the grant and converting 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.