TRANSCAT INC — Director's Dealing 2023

May 26, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TRANSCAT INC (TRNS)
CIK: 0000099302
Period of Report: 2023-05-25

Reporting Person: Rudow Lee D. (Director, President and CEO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-05-25	Restricted Stock Units	$0	A	8785	Acquired		Common Stock, $.50 par value (8785)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $.50 par value	130371	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Restricted Stock Units	$0		Common Stock, $.50 par value (3483)	3483	Direct
Restricted Stock Units	$0		Common Stock, $.50 par value (4138)	4138	Direct
Restricted Stock Units	$0		Common Stock, $.50 par value (16248)	16248	Direct
Stock Option (Right to Buy)	$63.17	2027-05-25	Common Stock, $.50 par value (10000)	10000	Direct

Footnotes

F1: Includes 42 shares acquired under the Transcat, Inc. Employee Stock Purchase Plan.

F2: These restricted stock units convert into common stock on a one-for-one basis.

F3: These restricted stock units were granted under the Transcat, Inc. 2021 Stock Incentive Plan in a transaction exempt under Rule 16b-3 and, except as otherwise provided in the award notice, vest on March 28, 2026.

F4: Due to an administrative error, the Reporting Person's previous Form 4 erroneously stated that these restricted stock units vest on May 25, 2025. These restricted stock units will vest on March 28, 2025.

F5: These restricted stock units vest on March 30, 2024, except as otherwise provided in the award notice.

F6: These restricted stock units vest on July 21, 2023, except as otherwise provided in the award notice.

F7: This option vests on the third anniversary of the date of grant, except as otherwise provided in the award notice.