Sec Form 4 Filing - 325 CAPITAL LLC @ TRANSACT TECHNOLOGIES INC - 2023-03-01

FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL OMB Number: 3235-0287 Expires: November 30, 2011 Estimated average burden hours per response... 0.5

1. Name and Address of Reporting Person 325 CAPITAL LLC 2. Issuer Name and Ticker or Trading Symbol TRANSACT TECHNOLOGIES INC [ TACT] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X __ Director X __ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) 200 PARK AVENUE, 17TH FLOOR 3. Date of Earliest Transaction (MM/DD/YY) 03/01/2023 (Street) NEW YORK, NY10016 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) _____ Form filed by One Reporting Person __ X __ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date (MM/DD/YY) 7. Title and Amount of Underlying Securities (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares Restricted Stock Units ( 1 ) 03/01/2023 A 6,400 ( 2 ) ( 2 ) Common Stock 6,400 $ 0 6,400 I ( 3 ) ( 4 ) See footnote ( 3 ) ( 4 )

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other 325 CAPITAL LLC 200 PARK AVENUE, 17TH FLOOR NEW YORK, NY10016 X X Braner Michael David 200 PARK AVENUE, 17TH FLOOR NEW YORK, NY10016 X X FRIEDBERG DANIEL M. 200 PARK AVENUE, 17TH FLOOR NEW YORK, NY10016 X X Shrivastava Anil K 200 PARK AVENUE, 17TH FLOOR NEW YORK, NY10016 X X Signatures 325 Capital LLC, By /s/ Michael D. Braner, Name: Michael D. Braner, Title: Managing Partner 03/03/2023 Signature of Reporting Person Date /s/ Michael D. Braner 03/03/2023 Signature of Reporting Person Date /s/ Daniel M. Friedberg 03/03/2023 Signature of Reporting Person Date /s/ Anil K. Shrivastava 03/03/2023 Signature of Reporting Person Date

Explanation of Responses:

( 1 )The Restricted Stock Units convert to common stock on a one-for-one basis. ( 2 )The Restricted Stock Units were issued pursuant to the TransAct Technologies Incorporated 2014 Equity Incentive Plan, as Amended and Restated. The Restricted Stock Units vest 25% per year on each anniversary of the date of grant. ( 3 )This Report is filed jointly by 325 Capital LLC, a Delaware limited liability company ("325 Capital"), 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 (the "Subject Securities"). The Subject Securities are owned directly by Daniel M. Friedberg, a Managing Partner of 325 Capital who serves on the board of directors of TransAct Technologies Incorporated (the "Company"). The other Reporting Persons may be deemed "directors by deputization" of the Company. (Footnote continued in 4) ( 4 )(Continued from Footnote 3) 325 Capital, as the investment adviser to an affiliated investment fund that is entitled to receive all of the economic interest in securities granted to Mr. Friedberg by the Company in respect of his service on the board of directors, may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a) under the Securities Exchange Act of 1934, as amended. By virtue of their position as Managing Partners of 325 Capital, Messrs. Braner and Shrivastava may be deemed to be beneficial owners of the Subject Securities for purposes of Rule 16a-1(a) under the Exchange Act. Each of the Reporting Persons disclaims any beneficial ownership of any of the Subject Securities, except to the extent of any pecuniary interest therein.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.