325 Capital-linked director converts 1,700 TACT RSUs
TransAct Technologies insiders associated with 325 Capital report the conversion of 1,700 Restricted Stock Units into common stock.
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,700 shares exercised/converted
Exercise
3 txns
Insider
325 CAPITAL LLC, FRIEDBERG DANIEL M., Shrivastava Anil K, 325 Capital Master Fund LP, 325 Capital GP, LLC
Role
Director, 10% Owner | Director, 10% Owner | Director, 10% Owner | Director, 10% Owner | Director, 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,700 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,700 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 0 contracts (Indirect, See Footnotes);
Common Stock — 1,029,589 shares (Indirect, See Footnotes)
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.
Key Figures
RSUs converted: 1,700 Restricted Stock Units
Director indirect holdings: 17,800 common shares
Master Fund holdings: 1,011,789 common shares
+3 more
6 metrics
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
Key Terms
Restricted Stock Units, 2014 Equity Incentive Plan, pecuniary interest, beneficial ownership, +1 more
5 terms
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."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
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.
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
