[Form 4] Transcat Inc Insider Trading Activity

Rhea-AI Filing Summary

Gary J. Haseley, a director of Transcat Inc. (TRNS), reported equity changes arising from restricted stock unit (RSU) activity in September 2025. On September 11, 2025 704 shares were acquired following RSU vesting at no cash cost. Following that transaction, Mr. Haseley held 39,102 shares directly. The filing also shows 1,200 shares held indirectly through family trusts.

Separately, on September 10, 2025 he received an award of 1,587 RSUs granted under a Rule 16b-3 exempt transaction; those RSUs vest on September 10, 2026 and convert one-for-one to common stock when vested. The filing is a routine Section 16 disclosure documenting vesting and a new RSU grant.

Positive

• 704 vested shares acquired increased the director's direct stake to 39,102 shares
• 1,587 RSUs granted align the reporting person with shareholder interests through future vesting
• Clear one-for-one conversion of RSUs to common stock simplifies dilution/accounting impacts

Negative

• None.

Insights

Financial Analyst

TL;DR: Routine insider vesting and a new RSU grant modestly increase director alignment with shareholders without cash purchase.

The Form 4 documents a common, non-reciprocal insider event: 704 shares were acquired on vesting and 1,587 RSUs were granted with a one-year vesting schedule. The immediate effect is a small increase in direct ownership to 39,102 shares, plus 1,200 shares indirectly held via family trusts. For investors this is a typical compensation-to-equity conversion that increases the director's stake and aligns incentives over the vesting period. There is no disclosed cash payment and no option exercise that would impact company cash flows.

Corporate Governance Expert

TL;DR: Governance-wise, the filing reflects standard equity-based compensation and timely SEC disclosure by the reporting person.

The transactions were reported under Section 16: a grant exempt under Rule 16b-3 and subsequent vesting. The grant's one-year vesting term is disclosed and the conversion ratio is one-for-one, which is straightforward. The filing appears complete and signed by an attorney-in-fact, indicating procedural compliance. There are no unusual transfer mechanisms, related-party sales, or dispositions reported that would raise governance flags.

SEC Form 4

FORM 4

UNITED 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
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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^*

Haseley Gary J.

(Last) (First) (Middle)

C/O TRANSCAT, INC.

35 VANTAGE POINT DRIVE

(Street)

ROCHESTER NY 14624

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
TRANSCAT INC [ TRNS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
09/10/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock, $.50 par value	09/11/2025		M		704	A	$0(1)	39,102	D
Common Stock, $.50 par value								1,200	I	By Family Trusts

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	$0(1)	09/10/2025		A		1,587		(2)	(2)	Common Stock, $.50 par value	1,587	$0	1,587	D
Restricted Stock Units	$0(1)	09/11/2025		M			704	(3)	(3)	Common Stock, $.50 par value	704	$0	0	D

Explanation of Responses:

1. These restricted stock units ("RSUs") convert into common stock on a one-for-one basis.

2. These RSUs were granted in a transaction exempt under Rule 16b-3 and, except as otherwise provided in the award agreement, vest on September 10, 2026.

3. These RSUs vested on September 11, 2025.

	/s/ Kristina L. Johnston, Attorney-in-Fact for Gary J. Haseley	09/11/2025
	** Signature of Reporting Person	Date
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.
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FAQ

What did Gary J. Haseley report on Form 4 for TRNS?

The filing shows 704 shares vested and were acquired on September 11, 2025, a grant of 1,587 RSUs on September 10, 2025, and 1,200 shares held indirectly by family trusts.

How many shares does Gary J. Haseley beneficially own after the reported transactions?

The Form 4 reports 39,102 shares beneficially owned directly and 1,200 shares indirectly through family trusts following the transactions.

When do the newly granted RSUs vest and convert to common stock?

The 1,587 RSUs granted on September 10, 2025 vest on September 10, 2026 and convert one-for-one to common stock when vested.

Was any cash paid for the vested shares disclosed in the Form 4?

No cash payment was disclosed; the vested RSUs converted to common stock at a reported price of $0 as is typical for RSU conversions.

Does the Form 4 indicate any unusual or potentially material transactions?

No. The Form 4 documents routine RSU vesting and a time-based RSU grant exempt under Rule 16b-3; there are no dispositions or unusual transfer mechanisms disclosed.