[Form 4] Transact Technologies Inc Insider Trading Activity
Steven A. DeMartino, President, CFO, Treasurer and Secretary of Transact Technologies Inc. (TACT), reported the vesting and conversion of 12,500 restricted stock units (RSUs) into common stock on 09/04/2025. Of those RSUs, 8,209 shares were added to his direct holdings at a $0 acquisition price because they converted on vesting, increasing his total beneficial ownership to 148,847 shares. Mr. DeMartino relinquished 4,291 shares from the conversion to satisfy required income and payroll tax withholding. The RSUs were originally granted on 09/04/2024 under the companys 2014 Equity Incentive Plan and vested in eight equal quarterly increments over two years.
- Vesting of 12,500 RSUs completed, converting to ordinary shares and increasing insider alignment with shareholders
- Net increase of 8,209 shares added to the reporting person's direct beneficial ownership, totaling 148,847 shares
- 4,291 shares were relinquished from the conversion to pay income and payroll taxes, reducing the net share delivery from the RSU grant
Insights
TL;DR: Routine executive RSU vesting and tax withholding; no unusual trading or cash purchase reported.
The Form 4 discloses standard equity compensation mechanics: 12,500 RSUs converted to common stock upon scheduled vesting, with 4,291 shares surrendered to cover tax obligations and 8,209 shares delivered to the reporting person. The acquisition price is listed as $0 because RSUs convert on vesting rather than a cash purchase. This filing signals management is receiving expected compensation rather than executing open-market purchases or sales, so it is a neutral governance event that simply updates insider ownership levels.
TL;DR: Insider ownership increased modestly via vested RSUs; transaction is non-cash and routine.
The reported change raises the officers direct holdings to 148,847 shares following conversion. The relinquishment of 4,291 shares for tax withholding is common for RSU settlements and does not indicate stock disposition for liquidity or signaling. Because the transaction is compensation-driven and not an open-market purchase or sale, its immediate market impact is likely limited.