Sec Form 4 Filing - 325 CAPITAL LLC @ TRANSACT TECHNOLOGIES INC - 2024-02-29

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

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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) 757 THIRD AVENUE 20TH FLOOR, 3. Date of Earliest Transaction (MM/DD/YY) 02/29/2024 (Street) NEW YORK, NY10017 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 Common Stock 03/01/2024 M 1,600 A $ 0 ( 3 ) 1,600 I ( 4 ) ( 5 ) ( 6 ) See Footnotes ( 4 ) ( 5 ) ( 6 ) Common Stock 1,013,389 I ( 4 ) ( 6 ) ( 7 ) See Footnotes ( 4 ) ( 6 ) ( 7 )

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 ) 02/29/2024 A 6,700 ( 2 ) ( 2 ) Common Stock 6,700 $ 0 6,700 I ( 4 ) ( 5 ) ( 6 ) See Footnotes ( 4 ) ( 5 ) ( 6 ) Restricted Stock Units ( 3 ) 03/01/2024 M 1,600 ( 3 ) ( 3 ) Common Stock 1,600 ( 3 ) 4,800 I ( 4 ) ( 5 ) ( 6 ) See Footnotes ( 4 ) ( 5 ) ( 6 )

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other 325 CAPITAL LLC 757 THIRD AVENUE 20TH FLOOR NEW YORK, NY10017 X X 325 Master Fund LP 757 THIRD AVENUE 20TH FLOOR NEW YORK, NY10017 X X 325 Capital GP, LLC 757 THIRD AVENUE 20TH FLOOR NEW YORK, NY10017 X X Braner Michael David 757 THIRD AVENUE 20TH FLOOR NEW YORK, NY10017 X X FRIEDBERG DANIEL M. 757 THIRD AVENUE 20TH FLOOR NEW YORK, NY10017 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 Member 03/04/2024 Signature of Reporting Person Date 325 Capital Master Fund By /s/ Michael D. Braner, Name: Michael D. Braner, Title: Managing Member 03/04/2024 Signature of Reporting Person Date 325 Capital GPC, By /s/ Michael D. Braner, Name: Michael D. Braner, Title: Managing Member 03/04/2024 Signature of Reporting Person Date /s/ Michael D. Braner 03/04/2024 Signature of Reporting Person Date /s/ Daniel M. Friedberg 03/04/2024 Signature of Reporting Person Date /s/ Anil K. Shrivastava 03/04/2024 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 )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 date of the grant, that have converted to common stock on a one-for-one basis. ( 4 )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. ( 5 )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. ( 6 )Each of the Reporting Persons disclaims any beneficial ownership of any of these securities, except to the extent of any pecuniary interest therein. ( 7 )These securities are owned directly by 325 Master Fund. As a result of the relationships described in Footnote (5) above, all of the Reporting Persons may be deemed to beneficially own the securities owned directly by 325 Master Fund.

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).

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