325 CAPITAL LLC 4
4 · TRANSACT TECHNOLOGIES INC · Filed Mar 2, 2026
Research Summary
AI-generated summary of this filing
TransAct (TACT) 325 Capital Converts 6,125 RSUs to Shares
What Happened
- 325 Capital LLC (reported as a 10% owner; filing made jointly by related entities/individuals) converted restricted stock units (derivative code M) into a total of 6,125 TransAct Technologies (TACT) common shares. The conversions occurred on Feb 27 (2,850 shares), Feb 28 (1,675 shares) and Mar 1 (1,600 shares). Each conversion showed $0 per-share cost (one-for-one RSU-to-stock conversions), so no cash was paid.
Key Details
- Transaction dates and amounts:
- 2026-02-27: 2,850 shares acquired (conversion) at $0.00; same day derivative interest shown as disposed (derivative cancelled).
- 2026-02-28: 1,675 shares acquired at $0.00; derivative interest disposed.
- 2026-03-01: 1,600 shares acquired at $0.00; derivative interest disposed.
- Total shares converted: 6,125; total cash paid shown: $0.
- Shares owned after transaction: not specified in the provided filing excerpt.
- Footnotes: these conversions relate to restricted stock units granted in 2023–2025 under the company's equity plan that convert one-for-one on vesting. Reporting was joint by 325 Capital entities and three managing members; each disclaims beneficial ownership except for any pecuniary interest.
- Timeliness: Form 4 filed 2026-03-02 for report period 2026-02-27; filing appears timely based on the two-business-day rule.
Context
- The M transaction code denotes exercise/conversion of derivative securities. Here, RSUs vested/converted to common shares (not a cash purchase or open-market sale). The corresponding “disposed” entries reflect termination of the derivative (RSU) upon conversion, not a market sale of the underlying shares.
- Because 325 Capital is a 10% institutional owner and the report is filed jointly by related parties, this is institutional/managerial reporting of equity vesting rather than an individual executive purchasing or selling on-market.
Insider Transaction Report
Form 4
325 CAPITAL LLC
Director10% Owner
Transactions
- Exercise/Conversion
Common Stock
[F1][F4][F5][F6]2026-02-27+2,850→ 12,825 total(indirect: See Footnotes) - Exercise/Conversion
Common Stock
[F2][F4][F5][F6]2026-02-28+1,675→ 14,500 total(indirect: See Footnotes) - Exercise/Conversion
Common Stock
[F3][F4][F5][F6]2026-03-01+1,600→ 16,100 total(indirect: See Footnotes) - Exercise/Conversion
Restricted Stock Units
[F1][F4][F5][F6]2026-02-27−2,850→ 8,550 total(indirect: See Footnotes)→ Common Stock (2,850 underlying) - Exercise/Conversion
Restricted Stock Units
[F2][F4][F5][F6]2026-02-28−1,675→ 3,350 total(indirect: See Footnotes)→ Common Stock (1,675 underlying) - Exercise/Conversion
Restricted Stock Units
[F3][F4][F5][F6]2026-03-01−1,600→ 1,600 total(indirect: See Footnotes)→ Common Stock (1,600 underlying)
Holdings
- 1,011,789(indirect: See Footnotes)
Common Stock
[F4][F6][F7]
Footnotes (7)
- [F1]Restricted Stock Units issued on February 27, 2025 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 and converting to common stock on a one-for-one basis.
- [F2]Restricted Stock Units issued on February 29, 2024 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.
- [F3]Restricted Stock Units issued on March 1, 2023 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.
- [F4]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.
- [F5]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.
- [F6]Each of the Reporting Persons disclaims any beneficial ownership of any of these securities, except to the extent of any pecuniary interest therein.
- [F7]These securities are owned directly by 325 Master Fund. As a result of the relationships described in Footnote (5) above, all of the Reporting Persons may be deemed to beneficially own the securities owned directly by 325 Master Fund.