325 CAPITAL LLC 4
4 · TRANSACT TECHNOLOGIES INC · Filed May 4, 2026
Research Summary
AI-generated summary of this filing
TransAct (TACT) 325 Capital (10% Owner) Converts 1,700 RSUs
What Happened
- 325 Capital LLC (reported as a 10% owner) and affiliated reporting persons recorded a derivative exercise/conversion that resulted in 1,700 TransAct (TACT) common shares being acquired on May 4, 2026 at $0.00 per share. The filing also shows a corresponding disposition of 1,700 derivative units (i.e., the derivative instruments were converted/terminated).
- Footnote (F1) explains these were Restricted Stock Units (RSUs) granted May 4, 2022 that vested on a schedule and converted to common stock on a one‑for‑one basis. This was a non‑cash vesting/conversion event — not an open‑market buy or sale.
Key Details
- Transaction date: 2026-05-04; Price: $0.00 (conversion/vesting of RSUs).
- Shares reported acquired: 1,700 common shares; derivative instrument disposed: 1,700 units (reflecting conversion).
- Shares owned after transaction: not specified in the provided excerpt of the filing.
- Notable footnotes: joint filing by 325 Capital LLC, 325 Capital Master Fund LP, 325 Capital GP, LLC and individuals (Braner, Friedberg, Shrivastava) who may be deemed to have pecuniary interests (F2–F5). F1 confirms RSU origin and one‑for‑one conversion.
- Filing timeliness: Reported and filed on 2026-05-04 (period of report same day), so no late filing indicated in the excerpt.
Context
- This was a routine RSU vesting / derivative conversion (SEC transaction code M), not an open‑market purchase or sale of stock. The “disposed” line refers to the derivative instrument being converted, not a cash sale of shares.
- Because the filing is by a 10% owner and affiliated funds/individuals, this reflects institutional/beneficial ownership relationships rather than immediate executive buy/sell behavior.
Insider Transaction Report
Form 4
325 CAPITAL LLC
Director10% Owner
Transactions
- Exercise/Conversion
Common Stock
[F1][F2][F3][F4]2026-05-04+1,700→ 17,800 total(indirect: See Footnotes) - Exercise/Conversion
Restricted Stock Units
[F1][F2][F3][F4]2026-05-04−1,700→ 0 total(indirect: See Footnotes)→ Common Stock (1,700 underlying)
Holdings
- 1,011,789(indirect: See Footnotes)
Common Stock
[F2][F4][F5]
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.