DEMARTINO STEVEN A 4

What Happened

• Steven A. DeMartino, who served as President, Chief Financial Officer, Treasurer and Secretary of Transact Technologies, converted (exercised/converted) 41,747 performance-based equity units into common shares on 2026-06-30. To satisfy tax withholding, 16,422 of those shares were surrendered at $5.84 per share, generating $95,904. The conversion and withholding were reported on a Form 4 filed 2026-07-02 for the period ending 2026-06-30.

Key Details

• Transaction date: 2026-06-30; Form 4 filed: 2026-07-02 (Period of Report: 2026-06-30).
• Converted/exercised: 41,747 derivative units (performance stock units) into common shares (code M).
• Tax withholding: 16,422 shares surrendered (code F) at $5.84 per share = $95,904.
• Footnote: These were Performance Stock Units issued May 1, 2025 under the 2014 Equity Incentive Plan and vested pursuant to a Separation Agreement and General Release dated May 7, 2026.
• Post-transaction total shares owned by the reporting person are not specified in the filing.

Context

• This was a conversion/vesting of PSUs (not an open-market buy or sell). The surrender of shares to cover taxes is a common administrative step and does not necessarily signal a buy or sell decision about the company. The filing documents the mechanics: PSUs vested per a separation agreement and were converted to shares, with a portion withheld to meet tax obligations.