TransAct Technologies (TACT) CEO Dillon John Converts 12,050 RSUs

What Happened

• Dillon John, President, CEO and Director of TransAct Technologies, reported the conversion/settlement of 12,050 restricted stock units (reported as derivative "exercise/conversion" code M) on August 3, 2026. The shares were issued at $0.00 (total value reported $0), reflecting vested RSUs converting one-for-one into common stock rather than a cash purchase or open-market sale.
• The filing shows the derivative interest being acquired (conversion to shares) and the corresponding derivative position recorded as disposed/terminated; this reflects the RSUs converting into common shares, not a sale of the newly issued shares.

Key Details

• Transaction date: 2026-08-03 (reported on Form 4 filed 2026-08-04 — timely)
• Security: Common stock converted from RSUs; 12,050 shares converted @ $0.00 per share (total $0)
• Transaction code: M (exercise or conversion of derivative) — here indicating RSU conversion/settlement
• Shares owned after transaction: Not specified in the provided filing excerpt
• Footnote: These were RSUs granted Aug 3, 2023 under the 2014 Equity Incentive Plan (as amended), which vest 25% annually beginning one year after grant and convert to common stock one-for-one
• No 10b5-1 plan, tax withholding sale, or open-market trade reported in this filing

Context

• This is a routine equity compensation vesting event: RSUs vested and converted into common shares. Because no shares were sold in this filing and no cash was paid, it does not represent a buy or sell signal in the market—just the delivery of previously granted compensation.
• Investors usually view vesting/convert events as neutral administrative disclosures unless followed by an open-market sale reported separately.