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TransAct Technologies (TACT) director RSUs convert into 1,700 common shares

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

TransAct Technologies insiders associated with 325 Capital report the conversion of 1,700 Restricted Stock Units into common stock. These RSUs were issued on May 4, 2022 under the company’s 2014 Equity Incentive Plan and convert to common shares on a one-for-one basis as they vest 25% annually.

The 1,700 RSUs, granted to director Daniel M. Friedberg, have increased his indirectly reported common stock position to 17,800 shares. Separately, 325 Capital Master Fund LP directly owns 1,011,789 common shares. The filing is made jointly by 325 Capital entities and individuals who may be deemed to share a pecuniary interest in these securities, while each disclaims beneficial ownership beyond that interest.

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Insider 325 CAPITAL LLC, FRIEDBERG DANIEL M., Shrivastava Anil K, 325 Capital Master Fund LP, 325 Capital GP, LLC
Role null | null | null | null | null
Type Security Shares Price Value
Exercise Restricted Stock Units 1,700 $0.00 --
Exercise Common Stock 1,700 $0.00 --
holding Common Stock -- -- --
Holdings After Transaction: Restricted Stock Units — 0 shares (Indirect, See Footnotes); Common Stock — 17,800 shares (Indirect, See Footnotes)
Footnotes (1)
  1. 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. 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. 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. Each of the Reporting Persons disclaims any beneficial ownership of any of these securities, except to the extent of any pecuniary interest therein. 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.
RSUs converted 1,700 Restricted Stock Units Converted to common stock on May 4, 2026 from 2022 grant
Director indirect holdings 17,800 common shares Common stock indirectly held after RSU conversion
Master Fund holdings 1,011,789 common shares Shares owned directly by 325 Capital Master Fund LP
RSU vesting rate 25% annually Vesting schedule commencing on first anniversary of May 4, 2022 grant
RSU conversion ratio 1 RSU : 1 common share One-for-one conversion into TransAct Technologies common stock
RSU exercise price $0.00 per share Conversion or exercise price for reported Restricted Stock Units
Restricted Stock Units financial
"Restricted Stock Units issued on May 4, 2022 pursuant to the Company's 2014 Equity Incentive Plan"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
2014 Equity Incentive Plan financial
"pursuant to the Company's 2014 Equity Incentive Plan, as Amended and Restated"
pecuniary interest financial
"each of whom may be deemed to have a pecuniary interest in the securities reported"
beneficial ownership financial
"may therefore be deemed to beneficially own these securities for purposes of Rule 16a-1(a)"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
directors by deputization financial
"The other Reporting Persons may also be deemed "directors by deputization" of the Company."
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
325 CAPITAL LLC
(Last)(First)(Middle)
757 THIRD AVENUE
20TH FLOOR
(Street)
NEW YORK NEW YORK 10017
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
TRANSACT TECHNOLOGIES INC [ TACT ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirectorX10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/04/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
XForm filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock05/04/2026M1,700A$0(1)17,800I(2)(3)(4)See Footnotes(2)(3)(4)
Common Stock1,011,789I(2)(4)(5)See Footnotes(2)(4)(5)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units(1)05/04/2026M1,700 (1) (1)Common Stock1,700$0(1)0I(2)(3)(4)See Footnotes(2)(3)(4)
1. Name and Address of Reporting Person*
325 CAPITAL LLC
(Last)(First)(Middle)
757 THIRD AVENUE
20TH FLOOR
(Street)
NEW YORK NEW YORK 10017
(City)(State)(Zip)
UNITED STATES
(Country)
Relationship of Reporting Person(s) to Issuer
XDirectorX10% Owner
Officer (give title below)Other (specify below)
1. Name and Address of Reporting Person*
FRIEDBERG DANIEL M.
(Last)(First)(Middle)
757 THIRD AVENUE
20TH FLOOR
(Street)
NEW YORK NEW YORK 10017
(City)(State)(Zip)
UNITED STATES
(Country)
Relationship of Reporting Person(s) to Issuer
XDirectorX10% Owner
Officer (give title below)Other (specify below)
1. Name and Address of Reporting Person*
Shrivastava Anil K
(Last)(First)(Middle)
757 THIRD AVENUE
20TH FLOOR
(Street)
NEW YORK NEW YORK 10017
(City)(State)(Zip)
UNITED STATES
(Country)
Relationship of Reporting Person(s) to Issuer
XDirectorX10% Owner
Officer (give title below)Other (specify below)
1. Name and Address of Reporting Person*
325 Capital Master Fund LP
(Last)(First)(Middle)
190 ELGIN AVENUE
GEORGE TOWN
(Street)
GRAND CAYMANE9KY1-9008
(City)(State)(Zip)
CAYMAN ISLANDS
(Country)
Relationship of Reporting Person(s) to Issuer
XDirectorX10% Owner
Officer (give title below)Other (specify below)
1. Name and Address of Reporting Person*
325 Capital GP, LLC
(Last)(First)(Middle)
757 THIRD AVENUE
20TH FLOOR
(Street)
NEW YORK NEW YORK 10017
(City)(State)(Zip)
UNITED STATES
(Country)
Relationship of Reporting Person(s) to Issuer
XDirectorX10% Owner
Officer (give title below)Other (specify below)
Explanation of Responses:
1. 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.
2. 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.
3. 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.
4. Each of the Reporting Persons disclaims any beneficial ownership of any of these securities, except to the extent of any pecuniary interest therein.
5. 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.
/s/ William J. DeFrances, Attorney-in-fact for 325 CAPITAL LLC05/04/2026
/s/ William J. DeFrances, Attorney-in-fact for FRIEDBERG DANIEL M.05/04/2026
/s/ William J. DeFrances, Attorney-in-fact for Shrivastava Anil K.05/04/2026
/s/ William J. DeFrances, Attorney-in-fact for 325 CAPITAL MASTER FUND LP05/04/2026
/s/ William J. DeFrances, Attorney-in-fact for 325 CAPITAL GP, LLC05/04/2026
/s/ William J. DeFrances, Attorney-in-fact for Braner Michael David05/04/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider activity did 325 Capital report in TransAct Technologies (TACT) on this Form 4?

The filing reports the conversion of 1,700 Restricted Stock Units into TransAct Technologies common stock. These units were compensation granted to director Daniel M. Friedberg, vesting over time and converting to shares on a one-for-one basis as they vest.

How many TransAct Technologies (TACT) shares does the 325 Capital group report holding after this transaction?

After the RSU conversion, entities associated with 325 Capital report 17,800 common shares from Friedberg’s awards and 1,011,789 common shares held directly by 325 Capital Master Fund LP. The reporting persons may be deemed to share a pecuniary interest in these securities.

Were the 1,700 TransAct Technologies (TACT) shares an open-market purchase by 325 Capital?

No, the 1,700 shares came from Restricted Stock Units granted on May 4, 2022 that vested and converted into common stock. This is a compensation-related derivative exercise, not an open-market buy or sell transaction in TransAct Technologies shares.

Who received the TransAct Technologies (TACT) Restricted Stock Units that converted in this filing?

The Restricted Stock Units were granted to director Daniel M. Friedberg for his board service. 325 Capital LLC is entitled to the economic interest in these securities, so related 325 Capital entities may be deemed to beneficially own them for Rule 16a-1(a) purposes.

What are the key terms of the TransAct Technologies (TACT) RSUs reported by 325 Capital?

The RSUs were issued on May 4, 2022 under the 2014 Equity Incentive Plan, vesting 25% annually starting one year after grant. As they vest, they convert into TransAct Technologies common stock on a one-for-one basis at an exercise price of $0.00.