Brent Richstmeier - Feb 27, 2025 Form 4 Insider Report for TRANSACT TECHNOLOGIES INC (TACT)

Role
Chief Technology Officer
Signature
Steven A DeMartino, Attorrney-In-Fact
Stock symbol
TACT
Transactions as of
Feb 27, 2025
Transactions value $
$0
Form type
4
Date filed
3/3/2025, 07:12 PM
Previous filing
Mar 4, 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TACT Common Stock Options Exercise $0 +1.13K +19.22% $0.00 7K Feb 28, 2025 Direct F6
transaction TACT Common Stock Options Exercise $0 +1.09K +15.55% $0.00 8.09K Mar 1, 2025 Direct F7
transaction TACT Common Stock Options Exercise $0 +3.54K +43.77% $0.00 11.6K Mar 1, 2025 Direct F5
transaction TACT Common Stock Options Exercise $0 +868 +7.46% $0.00 12.5K Mar 2, 2025 Direct F8

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction TACT Restricted Stock Units Options Exercise $0 -1.3K -25% $0.00 3.9K Feb 28, 2025 Common Stock 1.3K Direct F1
transaction TACT Restricted Stock Units Options Exercise $0 -1.25K -33.33% $0.00 2.5K Mar 1, 2025 Common Stock 1.25K Direct F2
transaction TACT Performance Stock Units Options Exercise $0 -4.78K -50% $0.00 4.78K Mar 1, 2025 Common Stock 4.78K Direct F3
transaction TACT Restricted Stock Units Options Exercise $0 -975 -50% $0.00 975 Mar 2, 2025 Common Stock 975 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares of Restricted Stock Units issued on February 29, 2024 pursuant to the Company's 2014 Equity Incentive Plan, as Amended and Restated, vesting 25% annually commencing on the first anniversary of the date of grant that have converted to common stock on a one-for-one basis
F2 Shares of Restricted Stock Units issued on March 1, 2023 pursuant to the Company's 2014 Equity Incentive Plan, as Amended and Restated, vesting 25% annually commencing on the first anniversary of the date of grant that have converted to common stock on a one-for-one basis
F3 Shares of Performance Stock Units (PSU) issued on March 1, 2023 pursuant to the Company's 2014 Equity Incentive Plan, as Amended, which vest in three equal installments on March 1, 2024, March 1, 2025 and March 1, 2026 and convert to common stock on a one-for-one basis on each vesting date. The PSUs were earned on a variable basis dependent upon level of achievement against a performance metric, which was based on 50% FST Revenue and 50% Adjusted EBITDA for the calendar year 2023. For the FST Revenue metric we achieved 90.6% of the Target resulting in a 81.2% payout. For the Adjusted EDBITDA metric we achieved 136.5% of the target resulting in the maximum 150% payout. Weighting both of these equally at 50%, the resulting payout was 115.6%.
F4 Shares of Restricted Stock Units issued on March 2, 2022 pursuant to the Company's 2014 Equity Incentive Plan, as Amended and Restated, vesting 25% annually commencing on the first anniversary of the date of grant that have converted to common stock on a one-for-one basis.
F5 Mr. Richstmeier relinquished 1,236 shares of common stock of the 4,778 stock units that converted to common stock on March 1, 2025 in order to pay the required income and payroll taxes.
F6 Mr. Richstmeier relinquished 171 shares of common stock of the 1,300 stock units that converted to common stock on February 28, 2025 in order to pay the required income and payroll taxes.
F7 Mr. Richstmeier relinquished 161 shares of common stock of the 1,250 stock units that converted to common stock on March 1, 2025 in order to pay the required income and payroll taxes.
F8 Mr. Richstmeier relinquished 107 shares of common stock of the 975 stock units that converted to common stock on March 2, 2025 in order to pay the required income and payroll taxes.