325 CAPITAL LLC 4/A
4/A · TRANSACT TECHNOLOGIES INC · Filed Mar 13, 2026
Research Summary
AI-generated summary of this filing
TransAct Technologies (TACT) 10% Owner Receives RSU Award
What Happened
325 Capital LLC (reported as a 10% owner and part of a group that includes director Daniel M. Friedberg) received a grant of 15,759 Restricted Stock Units (RSUs) from TransAct Technologies on 2026-02-24. The RSUs were granted at $0.00 (a compensation/award transaction, not an open-market purchase) and will convert to common stock on a one-for-one basis when they vest. This filing is an amendment correcting the originally reported grant size (original Form 4 mistakenly showed 14,700 RSUs).
Key Details
- Transaction type: Award/Grant of RSUs (code A on Form 4).
- Grant date and filing: RSUs granted 2026-02-24; amended Form 4 filed 2026-03-13 to correct quantity. (Original Form 4 was filed Feb 26 and understated the units.)
- Shares/units: 15,759 RSUs granted at $0.00; total reported value = $0 on grant.
- Vesting/conversion: Cliff vests on the first anniversary of the grant and converts to common stock 1-for-1 (per footnote).
- Ownership following transaction: Not specified in this summary filing.
- Reporting structure: Form filed jointly by 325 Capital entities and individuals (including D. Friedberg); footnotes note 325/individuals may be deemed beneficial owners, and Friedberg directly owns the securities for board service. Each reporting person disclaims beneficial ownership except pecuniary interest.
- Timeliness: This is an amended Form 4 correcting the unit count; the amendment was filed after the original report.
Context
This is a compensation-style RSU grant (derivative award) tied to service (board/member compensation) rather than an open-market purchase or sale. For retail investors, such awards indicate company compensation activity but are not the same signal as an insider buying stock with cash. Because 325 Capital is a 10% owner and the grant is tied to an individual director’s service, treat this as institutional/board compensation disclosure rather than a direct indicator of trading sentiment.
Insider Transaction Report
- Award
Restricted Stock Units
[F1][F2][F3][F4][F5]2026-02-24+15,759→ 15,759 total(indirect: See Footnotes)→ Common Stock (15,759 underlying)
Footnotes (5)
- [F1]On February 26, 2026, the Reporting Persons (as defined below) filed a Form 4 (the "Original Form 4") which inadvertently reported an incorrect number of Restricted Stock Units granted February 24, 2026. The Original Form 4 reported a grant of 14,700 Restricted Stock Units, and this amendment is being filed to report the correct number of Restricted Stock Units granted as 15,759.
- [F2]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.
- [F3]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.
- [F4]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.
- [F5]Each of the Reporting Persons disclaims any beneficial ownership of any of these securities, except to the extent of any pecuniary interest therein.