Transcat (TRNS) COO exercises RSUs, adjusts tax shares and holds 26,484

Rhea-AI Filing Summary

Transcat Inc. Chief Operating Officer Michael W. West reported routine equity compensation activity involving restricted stock units (RSUs) that converted into common stock. On March 26 and March 28, 2026, RSU awards covering 1,000 and 725 underlying shares, respectively, were exercised into common stock at an exercise price of $0.00 per share.

To cover tax withholding obligations on these RSU vestings, 495 shares were delivered at $72.97 per share and 339 shares at $71.32 per share, as disclosed. After these transactions, West directly held 26,484 shares of Transcat common stock. He also retained multiple outstanding RSU awards that convert one-for-one into common stock, with underlying share amounts including 12,028, 1,286, 2,000 and 916 shares.

Insider Trade Summary

1,725 shares exercised/converted

Mixed 10 txns

Insider West Michael W.

Role Chief Operating Officer

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	725	$0.00	--
Exercise	Common Stock, $.50 par value	725	$0.00	--
Tax Withholding	Common Stock, $.50 par value	339	$71.32	$24K
Exercise	Restricted Stock Units	1,000	$0.00	--
Exercise	Common Stock, $.50 par value	1,000	$0.00	--
Tax Withholding	Common Stock, $.50 par value	495	$72.97	$36K
holding	Restricted Stock Units	--	--	--
holding	Restricted Stock Units	--	--	--
holding	Restricted Stock Units	--	--	--
holding	Restricted Stock Units	--	--	--

Holdings After Transaction: Restricted Stock Units — 0 shares (Direct); Common Stock, $.50 par value — 26,823 shares (Direct)

Footnotes (1)

1. These restricted stock units ("RSUs") convert into common stock on a one-for-one basis. Includes 114 shares acquired under the Transcat, Inc. Employee Stock Purchase Plan. Shares withheld to cover tax withholding obligations on the vesting of RSUs. These RSUs vested on March 26, 2026. These RSUs vested on March 28, 2026. These RSUs vest on January 6, 2028, except as otherwise provided in the award notice. These RSUs vest on March 25, 2028, except as otherwise provided in the award notice. These RSUs vest on April 8, 2027, except as otherwise provided in the award notice. These RSUs vest on March 27, 2027, except as otherwise provided in the award notice.

Key Figures

RSU shares exercised: 1,725 shares Shares withheld for taxes: 834 shares Common shares held after transactions: 26,484 shares +4 more

7 metrics

RSU shares exercised 1,725 shares Total underlying common shares from RSUs exercised on March 26 and 28, 2026

Shares withheld for taxes 834 shares 495 shares at $72.97 and 339 shares at $71.32 for tax withholding

Common shares held after transactions 26,484 shares Direct Transcat common stock holdings following reported Form 4 transactions

RSU award underlying shares 12,028 shares Underlying common shares for one outstanding RSU grant, exercise price $0.00

Additional RSU award 1,286 shares Underlying common shares for another outstanding RSU grant, exercise price $0.00

RSU tax price 1 $72.97/share Price used for 495 shares delivered to cover tax withholding

RSU tax price 2 $71.32/share Price used for 339 shares delivered to cover tax withholding

Key Terms

Restricted Stock Units, tax withholding obligations, derivative security, Employee Stock Purchase Plan, +1 more

5 terms

Restricted Stock Units financial

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

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.

tax withholding obligations financial

"Shares withheld to cover tax withholding obligations on the vesting of RSUs."

derivative security financial

"Exercise or conversion of derivative security"

A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.

Employee Stock Purchase Plan financial

"Includes 114 shares acquired under the Transcat, Inc. Employee Stock Purchase Plan."

An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.

vesting financial

"These RSUs vested on March 26, 2026."

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

Form 4 Insider Transactions: What Each Field Means →

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
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^*

West Michael W.

(Last) (First) (Middle)

C/O TRANSCAT, INC.

35 VANTAGE POINT DRIVE

(Street)

ROCHESTER NEW YORK 14624

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/26/2026

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

X	Form filed by One Reporting Person
	Form 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)
			Code	V	Amount	(A) or (D)	Price
Common Stock, $.50 par value	03/26/2026		M		1,000	A	$0(1)	26,593(2)	D
Common Stock, $.50 par value	03/26/2026		F		495(3)	D	$72.97	26,098	D
Common Stock, $.50 par value	03/28/2026		M		725	A	$0(1)	26,823	D
Common Stock, $.50 par value	03/28/2026		F		339(3)	D	$71.32	26,484	D

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)	03/26/2026		M			1,000	(4)	(4)	Common Stock, $.50 par value	1,000	$0	0	D
Restricted Stock Units	$0(1)	03/28/2026		M			725	(5)	(5)	Common Stock, $.50 par value	725	$0	0	D
Restricted Stock Units	$0(1)							(6)	(6)	Common Stock, $.50 par value	12,028		12,028	D
Restricted Stock Units	$0(1)							(7)	(7)	Common Stock, $.50 par value	1,286		1,286	D
Restricted Stock Units	$0(1)							(8)	(8)	Common Stock, $.50 par value	2,000		2,000	D
Restricted Stock Units	$0(1)							(9)	(9)	Common Stock, $.50 par value	916		916	D

Explanation of Responses:

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

2. Includes 114 shares acquired under the Transcat, Inc. Employee Stock Purchase Plan.

3. Shares withheld to cover tax withholding obligations on the vesting of RSUs.

4. These RSUs vested on March 26, 2026.

5. These RSUs vested on March 28, 2026.

6. These RSUs vest on January 6, 2028, except as otherwise provided in the award notice.

7. These RSUs vest on March 25, 2028, except as otherwise provided in the award notice.

8. These RSUs vest on April 8, 2027, except as otherwise provided in the award notice.

9. These RSUs vest on March 27, 2027, except as otherwise provided in the award notice.

	/s/ Kristina L. Johnston, Attorney-in-Fact for Michael W. West	04/01/2026
	** 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.
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)

FAQ

What insider transactions did Transcat (TRNS) COO Michael W. West report on this Form 4?

He reported RSU-based equity compensation activity. RSUs for 1,000 and 725 underlying shares converted into Transcat common stock, and some of the resulting shares were delivered back to the company to satisfy tax withholding obligations tied to those vesting events.

How many Transcat (TRNS) shares did Michael W. West acquire through RSU vesting?

He acquired common stock from RSUs covering a total of 1,725 underlying shares. These included 1,000 shares vesting on March 26, 2026 and 725 shares vesting on March 28, 2026, all converting into common stock on a one-for-one basis as described in the footnotes.

How were taxes handled on Michael W. West’s Transcat (TRNS) RSU vesting?

Shares were withheld to cover tax obligations. Specifically, 495 shares were delivered at $72.97 per share and 339 shares at $71.32 per share, consistent with a tax-withholding disposition rather than an open-market sale of Transcat common stock.

What are Michael W. West’s direct Transcat (TRNS) common stock holdings after these transactions?

Following the reported RSU exercises and tax-withholding dispositions, he directly held 26,484 shares of Transcat common stock. This figure includes 114 shares acquired under the Transcat, Inc. Employee Stock Purchase Plan, as noted in the footnotes to the Form 4 filing.

What RSU awards does Michael W. West still hold in Transcat (TRNS)?

He retains several RSU awards that convert into common stock on a one-for-one basis. Outstanding awards have underlying share amounts of 12,028, 1,286, 2,000 and 916 shares, with vesting dates in 2027 and 2028 as specified in the accompanying RSU vesting footnotes.

Are Michael W. West’s Transcat (TRNS) transactions open-market buys or sells?

They are not open-market trades. The Form 4 shows derivative exercises of RSUs (code M) and tax-withholding dispositions (code F). These events reflect equity compensation vesting and related tax payments rather than discretionary purchases or sales of Transcat shares on the open market.