Gillman holds 5.1% TransAct stake, urges BOHA review

Investor Charles M. Gillman discloses a 5.1% stake in TACT and signals activist-style engagement focused on the BOHA business and potential board changes.

Rhea-AI Filing Summary

TRANSACT TECHNOLOGIES INC (TACT) is the subject of an amended Schedule 13D filing by investor Charles M. Gillman, who reports beneficial ownership of 521,841 shares of common stock, representing 5.1% of the outstanding shares based on the company’s April 30, 2026 share count.

Gillman states that the stake, acquired for an aggregate purchase price of approximately $2.45 million, is held for investment. He reports sole voting and dispositive power over all reported shares. Gillman expresses views that the company’s BOHA business faces complex challenges and advocates an immediate review of that business, including exploring strategic alternatives and adding multiple new directors to the board. He also highlights that shareholders with a majority of voting rights can call a special meeting and suggests shareholders consider whether to call such a meeting to elect additional directors, while reserving flexibility to increase, decrease, or otherwise change his investment and engagement with the company.

Key Figures

Shares beneficially owned: 521,841 shares Percent of class owned: 5.1% Shares outstanding: 10,276,279 shares +4 more

7 metrics

Shares beneficially owned 521,841 shares Common stock of TransAct Technologies Inc reported by Charles M. Gillman

Percent of class owned 5.1% Portion of TransAct Technologies Inc common stock beneficially owned by Gillman

Shares outstanding 10,276,279 shares TransAct Technologies Inc common stock outstanding as of April 30, 2026

Aggregate purchase price $2,453,646 Total purchase price for 521,841 shares, excluding brokerage commissions

Sole voting power 521,841 shares Shares over which Gillman has sole power to vote or direct the vote

Sole dispositive power 521,841 shares Shares over which Gillman has sole power to dispose or direct disposition

Date of event September 3, 2026 Date of event requiring the amended Schedule 13D filing

Key Terms

beneficially owned, sole voting power, sole dispositive power, extraordinary corporate transaction, +2 more

6 terms

beneficially owned financial

"The aggregate amount beneficially owned by each reporting person 521,841.00"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

sole voting power financial

"Number of Shares Beneficially Owned by Each Reporting Person With: Sole Voting Power 521,841.00"

Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.

sole dispositive power financial

"Number of Shares Beneficially Owned by Each Reporting Person With: Sole Dispositive Power 521,841.00"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

extraordinary corporate transaction regulatory

"may discuss ideas that, if effected, may result in ... an extraordinary corporate transaction"

strategic alternatives financial

"challenges require an immediate and urgent review of the BOHA business, including an exploration of strategic alternatives"

Strategic alternatives are different options a company considers to improve its value or achieve its goals, such as selling the business, merging with another company, or restructuring operations. For investors, understanding these options is important because they can significantly impact the company's future direction and its stock value, often signaling potential changes or opportunities.

special meeting regulatory

"shareholders holding a majority of the voting rights to call a special meeting"

A special meeting is a shareholder gathering called outside the regular annual meeting to decide on urgent or specific corporate matters, such as mergers, major asset sales, changes to the board, or shareholder proposals. It matters to investors because decisions made there can quickly alter a company’s strategy, ownership or value—like a sudden boardroom decision that changes the game—so shareholders may need to vote, adjust holdings, or reassess risk based on the outcome.

FAQ

What percentage of TRANSACT TECHNOLOGIES INC (TACT) does Charles M. Gillman report owning?

Charles M. Gillman reports beneficial ownership of 5.1% of TransAct Technologies Inc’s common stock, based on 10,276,279 shares outstanding as of April 30, 2026, as cited from the company’s Form 10-Q filed on May 13, 2026.

How many TACT shares does Charles M. Gillman beneficially own according to this Schedule 13D/A?

Charles M. Gillman reports beneficial ownership of 521,841 shares of TransAct Technologies Inc common stock. He has sole voting and sole dispositive power over all of these shares, with no shared voting or dispositive power reported.

What is the reported aggregate purchase price of Charles M. Gillman’s TACT stake?

The filing states that the aggregate purchase price of the 521,841 shares of TransAct Technologies Inc common stock is approximately $2,453,646, excluding brokerage commissions. This reflects the total consideration paid for the reported position.

What concerns does Charles M. Gillman raise about TACT’s BOHA business?

Charles M. Gillman states his belief that the company is facing “unique and very complicated challenges” in its BOHA business and that these challenges require an immediate and urgent review, including an exploration of strategic alternatives for that business.

What governance or board changes does Gillman suggest for TRANSACT TECHNOLOGIES INC (TACT)?

Gillman believes it is important for the board to add multiple new directors with skills to evaluate strategic alternatives for BOHA. He also notes that shareholders holding a majority of voting rights can call a special meeting to elect additional board members.

Does Charles M. Gillman plan to buy or sell more TACT shares?

The filing states that Gillman has no specific plan or proposal to acquire or dispose of shares at this time, but he may buy more or sell some or all of his holdings in the future depending on investment evaluation, market conditions, liquidity needs, and other considerations.

How does Charles M. Gillman intend to engage with TACT’s management or shareholders?

Gillman may engage in communications with shareholders, officers, and board members of TransAct Technologies Inc regarding the company and its operations. He may discuss ideas that, if implemented, could involve additional share acquisitions, extraordinary corporate transactions, or changes in board or management.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/03/2026 - 09:54 PM Accepted by SEC EDGAR 09/03/2026 - 09:53 PM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 2)

TRANSACT TECHNOLOGIES INC

(Name of Issuer)

Common Stock, par value $0.001 per share

(Title of Class of Securities)

892918103

(CUSIP Number)

Hitchcock Law Firm PLLC
5614 Connecticut Avenue, N.W., No. 304
Washington, DC, 20015
(202) 489-4813

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

09/03/2026

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

schemaVersion:

SCHEDULE 13D

CUSIP Number(s): 892918103

1

Name of reporting person

Charles M. Gillman

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

PF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 521,841.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 521,841.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

521,841.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

5.1 %

14

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person:

Percent of class is calculated based on 10,276,279 shares of common stock, par value $0.01 (the "Common Stock"), of TransAct Technologies, Inc. (the "Issuer") outstanding as of April 30, 2026, as reported by the Issuer in its Quarterly Report on Form 10-Q filed with the U.S. Securities and Exchange Commission (the "SEC") on May 13, 2026 (the "10-Q").

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Common Stock, par value $0.001 per share
(b)	Name of Issuer: TRANSACT TECHNOLOGIES INC
(c)	Address of Issuer's Principal Executive Offices: One Hamden Center, 2319 Whitney Avenue, Suite 3B, Hamden, CONNECTICUT , 06518.
Item 2.	Identity and Background
(a)	This statement is filed by Charles M. Gillman. Mr. Gillman is referred to as the Reporting Person.
(b)	The address of the principal office of the Reporting Person is 1223 Wilshire Boulevard, Unit 648, Santa Monica CA 90403.
(c)	The principal occupation of Mr. Gillman is serving as the Executive Managing Director of IDWR Office.
(d)	Mr. Gillman has not, during the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).
(e)	Mr. Gillman has not, during the last five years, been party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.
(f)	Mr. Gillman is a citizen of the United States of America.
Item 3.	Source and Amount of Funds or Other Consideration
	The aggregate purchase price of the 521,841 Shares is approximately $2,453,646, excluding brokerage commissions.
Item 4.	Purpose of Transaction
	The purpose of the acquisition of the Common Stock is for investment, and the acquisitions of the Common Stock were made in the ordinary course of business and were not made for the purpose of acquiring control of the Issuer. Although no Reporting Person has any specific plan or proposal to acquire or dispose of the Common Stock, consistent with its investment purpose, each Reporting Person at any time and from time to time may acquire additional Common Stock or dispose of any or all of its Common Stock depending upon an ongoing evaluation of the investment in the Common Stock, prevailing market conditions, other investment opportunities, liquidity requirements of the Reporting Persons, and/or other investment considerations. Also, consistent with the investment purpose, the Reporting Person (Mr. Gillman) may engage in communications with one or more shareholders of the Issuer, one or more officers of the Issuer and/or one or more members of the board of directors of the Issuer and/or one or more representatives of the Issuer regarding the Issuer, including but not limited to its operations. The Reporting Person may discuss ideas that, if effected, may result in any of the following: the acquisition by persons of additional Common Stock of the Issuer, an extraordinary corporate transaction involving the Issuer, and/or changes in the board of directors or management of the Issuer. Mr. Gillman believes that the company is facing unique and very complicated challenges in its BOHA business. Mr. Gillman believes that these challenges require an immediate and urgent review of the BOHA business, including an exploration of strategic alternatives. To this end, Mr. Gillman believes that it is important for the board to add multiple new directors with the skills and experience to carry out this exploration of strategic alternatives for BOHA. Mr. Gillman believes that shareholders who share these concerns should communicate their concerns directly to each member of the incumbent board of directors. Mr. Gillman believes that the by laws of the company allow shareholders holding a majority of the voting rights to call a special meeting. Mr. Gillman believes that every single shareholder should today consider whether it is advisable at this time to call a special meeting of shareholders for the purpose of electing additional members to the board. At this time, Mr. Gillman has no specific plan or proposal to acquire or dispose of his Common Stock. Mr. Gillman may from time to time acquire additional Common Stock or dispose of any or all of his Common Stock depending upon an ongoing evaluation of the investment in the Common Stock, prevailing market conditions, other investment opportunities, liquidity requirements and/or other investment considerations. Also, consistent with the investment purpose, he may engage in communications with one or more shareholders of the Issuer, one or more officers of the Issuer and/or one or more members of the board of directors of the Issuer and/or one or more representatives of the Issuer regarding the Issuer, including but not limited to its operations. Mr. Gillman may discuss ideas that, if effected, may result in any of the following: the acquisition by persons of additional Common Stock of the Issuer, an extraordinary corporate transaction involving the Issuer, and/or changes in the board of directors or management of the Issuer. Except to the extent the foregoing may be deemed a plan or proposal, he has no plans or proposals which relate to, or could result in, any of the matters referred to in paragraphs (a) through (j), inclusive, of the instructions to Item 4 of Schedule 13D. Mr. Gillman may review or reconsider his position at any time. Mr. Gillman may change his goals with respect to TransAct at any time. Except to the extent the foregoing may be deemed a plan or proposal, Mr. Gillman has no plans or proposals which relate to, or could result in, any of the matters referred to in paragraphs (a) through (j), inclusive, of the instructions to Item 4 of Schedule 13D. Mr. Gillman may, at any time and from time to time, review or reconsider their position and/or change their purpose and/or formulate plans or proposals with respect thereto.
Item 5.	Interest in Securities of the Issuer
(a)	The aggregate percentage of Shares reported owned by the Reporting Person is based upon 10,276,279 shares outstanding as of April 30, 2026, as reported by the Issuer in its Quarterly Report on Form 10-Q filed with the SEC on May 13, 2026.
(b)	1. Sole power to vote or direct vote: 521,841 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 521,841 4. Shared power to dispose or direct the disposition: 0
(c)	See Exhibit 99.1 for details.
(d)	No person other than the Reporting Persons is known to have the right to receive, or the power to direct the receipt of dividends from, or proceeds from the sale of, the Shares.
(e)	Not applicable
Item 6.	Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer
	Other than as described herein, there are no contracts, arrangements, understandings or relationships among the Reporting Person, or between the Reporting Person and any other person, with respect to the securities of the Issuer.
Item 7.	Material to be Filed as Exhibits.
	Item 5(c) information being filed as Exhibit 99.1 A report describing Mr. Gillman's efforts is being filed as Exhibit 99.2.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Charles M. Gillman

Signature:	/s/ Charles M Gillman
Name/Title:	Executive Managing Director
Date:	09/03/2026