325 Capital Llc - May 4, 2025 Form 4 Insider Report for TRANSACT TECHNOLOGIES INC (TACT)

Role
Director, 10%+ Owner
Signature
/s/ William J. DeFrances, Attorney-in-fact for 325 CAPITAL LLC
Stock symbol
TACT
Transactions as of
May 4, 2025
Transactions value $
$0
Form type
4
Date filed
5/5/2025, 04:49 PM
Previous filing
Mar 3, 2025
Next filing
May 30, 2025
SEC
View on sec.gov

Reporting Owners (6)

Name Relationship Address Signature Signature date CIK
325 CAPITAL LLC Director, 10%+ Owner 757 THIRD AVENUE 20TH FLOOR, NEW YORK /s/ William J. DeFrances, Attorney-in-fact for 325 CAPITAL LLC 2025-05-05 0001873893
Braner Michael David Director, 10%+ Owner 757 THIRD AVENUE 20TH FLOOR, NEW YORK /s/ William J. DeFrances, Attorney-in-fact for Braner Michael David 2025-05-05 0001908015
FRIEDBERG DANIEL M. Director, 10%+ Owner 757 THIRD AVENUE 20TH FLOOR, NEW YORK /s/ William J. DeFrances, Attorney-in-fact for FRIEDBERG DANIEL M. 2025-05-05 0001448795
Shrivastava Anil K Director, 10%+ Owner 757 THIRD AVENUE 20TH FLOOR, NEW YORK /s/ William J. DeFrances, Attorney-in-fact for Shrivastava Anil K. 2025-05-05 0001908019
325 Capital Master Fund LP Director, 10%+ Owner 190 ELGIN AVENUE, GEORGE TOWN, GRAND CAYMAN, CAYMAN ISLANDS /s/ William J. DeFrances, Attorney-in-fact for 325 CAPITAL MASTER FUND LP 2025-05-05 0001972759
325 Capital GP, LLC Director, 10%+ Owner 757 THIRD AVENUE 20TH FLOOR, NEW YORK /s/ William J. DeFrances, Attorney-in-fact for 325 CAPITAL GP, LLC 2025-05-05 0001972758

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TACT Common Stock Options Exercise $0 +1.7K +20.54% $0.00 9.98K May 4, 2025 See Footnotes F1, F2, F3, F4
holding TACT Common Stock 1.01M May 4, 2025 See Footnotes F2, F4, F5

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 -1.7K -50% $0.00 1.7K May 4, 2025 Common Stock 1.7K See Footnotes F1, F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted Stock Units issued on May 4, 2022 pursuant to the Company's 2014 Equity Incentive Plan, as Amended and Restated, vesting 25% annually commencing on the first anniversary date of the grant, that have converted to common stock on a one-for-one basis.
F2 This Report is filed jointly by 325 Capital LLC, a Delaware limited liability company ("325"), 325 Capital Master Fund LP, a Cayman Islands exempted limited partnership ("325 Master Fund"), 325 Capital GP, LLC, a Delaware limited liability company registered as a foreign partnership in the Cayman Islands ("325 Capital GP"), Michael D. Braner, a citizen of the United States of America, Daniel M. Friedberg, a citizen of the United States of America, and Anil K. Shrivastava, a citizen of the United States of America (collectively, the "Reporting Persons"), each of whom may be deemed to have a pecuniary interest in the securities reported on this Form 4.
F3 These securities are owned directly by Daniel M. Friedberg, a Managing Member of 325 who serves on the board of directors of TransAct Technologies Incorporated (the "Company"). 325 is entitled to receive all of the economic interest in securities granted to Mr. Friedberg in respect of Mr. Friedberg's service on the board of directors, and may therefore be deemed to beneficially own these securities for purposes of Rule 16a-1(a) under the Securities Exchange Act of 1934, as amended. 325 Capital GP is the general partner of 325 Master Fund, 325 is the investment manager to 325 Master Fund, and each of Messrs. Braner, Friedberg and Shrivastava are Managing Members of 325. As a result, all of the Reporting Persons may be deemed to beneficially own the securities owned directly by Mr. Friedberg. The other Reporting Persons may also be deemed "directors by deputization" of the Company.
F4 Each of the Reporting Persons disclaims any beneficial ownership of any of these securities, except to the extent of any pecuniary interest therein.
F5 These securities are owned directly by 325 Master Fund. As a result of the relationships described in Footnote (3) above, all of the Reporting Persons may be deemed to beneficially own the securities owned directly by 325 Master Fund.