Lee D. Rudow - 01 Feb 2024 Form 4 Insider Report for TRANSCAT INC (TRNS)

Role: President and CEO, Director
Signature: /s/ James M. Jenkins, Attorney-in-Fact for Lee D. Rudow
Issuer symbol: TRNS
Transactions as of: 01 Feb 2024
Net transactions value: -$1,122,050
Form type: 4
Filing time: 05 Feb 2024, 16:30:59 UTC
Previous filing: 17 Nov 2023
Next filing: 02 Apr 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TRNS	Common Stock, $.50 par value	Sale	$556,500	-5,000	-4.4%	$111.30	108,478	01 Feb 2024	Direct	F1
transaction	TRNS	Common Stock, $.50 par value	Sale	$565,550	-5,000	-4.6%	$113.11	103,478	02 Feb 2024	Direct

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
holding	TRNS	Restricted Stock Units						8,785	01 Feb 2024	Common Stock, $.50 par value	8,785	$0.000000	Direct	F2, F3
holding	TRNS	Restricted Stock Units						3,483	01 Feb 2024	Common Stock, $.50 par value	3,483	$0.000000	Direct	F2, F4
holding	TRNS	Restricted Stock Units						4,138	01 Feb 2024	Common Stock, $.50 par value	4,138	$0.000000	Direct	F2, F5
holding	TRNS	Stock Option (Right to Buy)						10,000	01 Feb 2024	Common Stock, $.50 par value	10,000	$63.17	Direct	F6

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $111.00 to $112.00, inclusive. Mr. Rudow undertakes to provide Transcat, Inc., any security holder of Transcat, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F2	These restricted stock units convert into common stock on a one-for-one basis.
F3	These restricted stock units vest on March 28, 2026, except as otherwise provided in the award notice.
F4	These restricted stock units vest on March 28, 2025, except as otherwise provided in the award notice.
F5	These restricted stock units vest on March 30, 2024, except as otherwise provided in the award notice.
F6	This option vests on May 25, 2025, except as otherwise provided in the award notice.