Ophir (NASDAQ: TRNS) holds 5.2% — 482,038 shares in Transcat

Rhea-AI Filing Summary

Transcat Inc. ownership filing: Ophir Asset Management Pty Ltd reports beneficial ownership of 482,038 shares of Transcat common stock, equal to 5.2% of the class. The filing breaks the position into two funds: 201,933 shares in Ophir Global Opportunities Fund and 280,105 shares in Ophir High Conviction Fund. The ownership percentage is calculated using 9,332,188 shares outstanding as reported on a Form 8-K filed February 3, 2026.

Insights

Institutional Ownership Analyst

Ophir reports a passive 5.2% stake in Transcat across two funds.

Ophir Asset Management discloses a combined beneficial position of 482,038 shares, split between Ophir Global Opportunities Fund (201,933 shares) and Ophir High Conviction Fund (280,105 shares). The filing shows sole voting and dispositive power over the combined holdings.

The ownership percentage is tied to 9,332,188 shares outstanding reported on a prior Form 8-K; the filing does not state any planned transactions or changes to investment intent.

Key Figures

Reported shares owned: 482,038 shares Percent of class: 5.2% Ophir Global Opportunities Fund holding: 201,933 shares +2 more

5 metrics

Reported shares owned 482,038 shares Combined holdings reported by Ophir Asset Management

Percent of class 5.2% Calculated using 9,332,188 shares outstanding reported on Form 8-K

Ophir Global Opportunities Fund holding 201,933 shares Amount held by Ophir Global Opportunities Fund

Ophir High Conviction Fund holding 280,105 shares Amount held by Ophir High Conviction Fund

Shares outstanding used 9,332,188 shares Basis for percentage calculation per Form 8-K filed February 3, 2026

Key Terms

Schedule 13G, Beneficial ownership, Sole Voting Power, Sole Dispositive Power

4 terms

Schedule 13G regulatory

"Name of form type: SCHEDULE 13G"

A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.

Beneficial ownership financial

"Amount beneficially owned: Ophir Global Opportunities Fund - 201,933"

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.

Sole Voting Power regulatory

"Sole Voting Power 482,038.00"

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 regulatory

"Sole Dispositive Power 482,038.00"

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.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

TRANSCAT INC

(Name of Issuer)

Common Stock

(Title of Class of Securities)

893529107

(CUSIP Number)

03/20/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 893529107

1

Names of Reporting Persons

Ophir Asset Management Pty Ltd

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

AUSTRALIA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 482,038.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 482,038.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

482,038.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.2 %

12

Type of Reporting Person (See Instructions)

IA

Comment for Type of Reporting Person: The reporting persons ownership consists of 482,038 shares of common stock. The beneficial ownership percentage calculation is based on the 9,332,188 shares of common stock outstanding as reported by the Issuer on the Form 8-K filed February 3, 2026. Ophir Asset Management Pty Ltd, as the General Partner of Ophir Global Opportunities Fund and Ophir High Conviction Fund, may be deemed the beneficial owner of the shares help by both funds.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: TRANSCAT INC
(b)	Address of issuer's principal executive offices: 35 VANTAGE POINT DRIVE, ROCHESTER, NEW YORK, 14624.
Item 2.
(a)	Name of person filing: Ophir Asset Management Pty Ltd
(b)	Address or principal business office or, if none, residence: Level 27, Governor Philip Tower, One Farrer Place, Sydney, NSW 2000
(c)	Citizenship: Australian
(d)	Title of class of securities: Common Stock
(e)	CUSIP Number(s): 893529107
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: Ophir Global Opportunities Fund - 201,933 Common Stock Shares Ophir Global High Conviction Fund - 280,105 Common Stock Shares
(b)	Percent of class: Ophir Global Opportunities Fund - 2.17 Ophir Global High Conviction Fund - 3.00
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: Ophir Asset Management Pty Ltd - 482,038 Common Stock Shares
	(ii) Shared power to vote or to direct the vote: Ophir Asset Management Pty Ltd - 0
	(iii) Sole power to dispose or to direct the disposition of: Ophir Asset Management Pty Ltd - 482,038 Common Stock Shares
	(iv) Shared power to dispose or to direct the disposition of: Ophir Asset Management Pty Ltd - 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

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.

Ophir Asset Management Pty Ltd

Signature:	Sandra Donnarumma
Name/Title:	Chief Compliance Officer
Date:	03/31/2026

FAQ

What stake does Ophir Asset Management report in Transcat (TRNS)?

Ophir reports beneficial ownership of 482,038 shares, which the filing states equals 5.2% of the outstanding common stock, using 9,332,188 shares as the basis.

How is Ophir's 482,038-share position allocated across its funds?

The position is split between two funds: Ophir Global Opportunities Fund holds 201,933 shares and Ophir High Conviction Fund holds 280,105 shares, as shown in the filing.

Does Ophir report voting or dispositive power over these Transcat shares?

Yes. The filing states Ophir Asset Management Pty Ltd has sole voting power and sole dispositive power over 482,038 shares of Transcat common stock.

What share count was used to calculate Ophir's percent ownership?

The filing bases the percentage on 9,332,188 shares outstanding, referencing the issuer's Form 8-K filed on February 3, 2026.

Who signed the Schedule 13G for Ophir Asset Management?

The Schedule 13G was signed by Sandra Donnarumma, identified as Chief Compliance Officer, on March 31, 2026.