325 CAPITAL LLC 4

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.