Sec Form 4 Filing - SHULDMAN BART C @ TRANSACT TECHNOLOGIES INC - 2022-03-02

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 SHULDMAN BART C 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 _____ 10% Owner X __ Officer (give title below) _____ Other (specify below) Chairman and CEO (Last) (First) (Middle) 6700 PARADISE ROAD, SUITE D 3. Date of Earliest Transaction (MM/DD/YY) 03/02/2022 (Street) LAS VEGAS, NV89119 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ 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 03/02/2022 M 4,918( 6 ) A $ 0( 6 ) 104,855 D Common Stock 03/04/2022 M 2,621( 7 ) A $ 0( 7 ) 107,476 D Common Stock 4,800 I Daughters Common Stock 3,750 I Mother Common Stock 1,500 I Spouse

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 Stock Option $ 9.1 03/02/2022 A 48,600 03/02/2023( 1 ) 03/02/2032 Common Stock 48,600 $ 9.1 48,600 D Restricted Stock Units ( 2 ) 03/02/2022 A 17,400 ( 3 ) ( 3 ) Common Stock 17,400 $ 0 17,400 D Performance Stock Units ( 4 ) 03/02/2022 M 7,270 ( 4 ) ( 4 ) Common Stock 7,270 $ 0( 4 ) 14,539 D Restricted Stock Units ( 5 ) 03/04/2022 M 3,875 ( 5 ) ( 5 ) Common Stock 3,875 $ 0( 5 ) 11,625 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other SHULDMAN BART C 6700 PARADISE ROAD SUITE D LAS VEGAS, NV89119 X Chairman and CEO Signatures Steve A. DeMartino, Attorney-in-fact 03/04/2022 Signature of Reporting Person Date

Explanation of Responses:

( 1 )Grant of the non-qualified stock option under the Company's 2014 Equity Incentive Plan. The option becomes exercisable 25% per year on each anniversary date of the grant. ( 2 )The Restricted Stock Units convert to common stock on a one-for-one basis. ( 3 )The Restricted Stock Units were issued pursuant to the Company's 2014 Equity Incentive Plan. The Restricted Stock Units vest 25% per year on each anniversary of the date of grant. ( 4 )Shares of Performance Stock Units (PSU) issued on March 4, 2021 pursuant to the Company's 2014 Equity Incentive Plan, which vest in three equal installments on March 2, 2022, December 31, 2022 and December 31, 2023 and convert to common stock on a one-for-one basis on each vesting date. The PSUs were earned on a variable basis dependent upon level of achievement against a performance metric, which was based on terminals and software installed during the year ending December 31, 2021. The performance criteria was satisfied at the 82.6% level, which resulted in a payout of 56.5% of the PSAs granted during 2021. ( 5 )Shares of Restricted Stock Units issued on March 4, 2021 pursuant to the Company's 2014 Equity Incentive Plan, vesting 25% annually commencing on the first anniversary of the date of grant that have converted to common stock on a one-for-one basis. ( 6 )Mr. Shuldman relinquished 2,352 shares of common stock of the 7,270 performance stock units that converted to common stock on March 2, 2022 in order to pay the required income and payroll taxes. ( 7 )Mr. Shuldman relinquished 1,254 shares of common stock of the 3,875 restricted stock units that converted to common stock on March 4, 2022 in order to pay the required income and payroll taxes.

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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