325 CAPITAL LLC 4

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.