Form 4: 325 Capital LLC Reports Transaction in Transact Technologies Inc (TACT) Shares
SEC Form 4
325 Capital LLC and related parties report the conversion of restricted stock units into common stock of Transact Technologies Inc.
Summary
- On May 4, 2025, 325 Capital LLC and related parties filed a Form 4 indicating a transaction in Transact Technologies Inc. (TACT) shares.
- The transaction involved the conversion of 1,700 restricted stock units into common stock at a price of $0.
- Following the transaction, the reporting persons indirectly own 9,975 shares of common stock and 1,011,789 shares of common stock.
- The reporting persons include 325 Capital LLC, 325 Capital Master Fund LP, 325 Capital GP, LLC, Michael D. Braner, Daniel M. Friedberg, and Anil K. Shrivastava.
- These individuals and entities may be deemed to have a pecuniary interest in the reported securities.
- Daniel M. Friedberg, a Managing Member of 325, directly owns some of the securities due to his service on the board of directors of TransAct Technologies Incorporated.
- 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.
- 325 Capital GP is the general partner of 325 Master Fund, and 325 is the investment manager to 325 Master Fund.
- Each of Messrs. Braner, Friedberg and Shrivastava are Managing Members of 325.
- The reporting persons disclaim beneficial ownership of the securities except to the extent of any pecuniary interest.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Industry Context
This filing is a routine disclosure of insider transactions and provides transparency to the market regarding the holdings of significant shareholders and directors.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding insider activity.
Key Dates
| Date | Description |
|---|---|
| 05/04/2022 | Restricted Stock Units issued 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. |
| 05/04/2025 | Transaction Date: Conversion of Restricted Stock Units to Common Stock |
| 05/05/2025 | Date of Form 4 Filing |
Keywords
Form 4, Beneficial Ownership, Transact Technologies Inc, TACT, 325 Capital LLC, Restricted Stock Units, Common Stock, Transaction
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