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: Barbato Thomas L (Sr. VP Finance & CFO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-05-25	Restricted Stock Units	$0	A	3686	Acquired		Common Stock, $.50 par value (3686)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Restricted Stock Units	$0		Common Stock, $.50 par value (766)	766	Direct
Restricted Stock Units	$0		Common Stock, $.50 par value (1417)	1417	Direct
Stock Option (Right to Buy)	$90.92	2027-01-03	Common Stock, $.50 par value (6000)	6000	Direct
Stock Option (Right to Buy)	$63.17	2027-05-25	Common Stock, $.50 par value (5000)	5000	Direct

Footnotes

F1: These restricted stock units convert into common stock on a one-for-one basis.

F2: 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.

F3: These restricted stock units vest on March 30, 2024, except as otherwise provided in the award notice.

F4: These restricted stock units vest on March 28, 2025, except as otherwise provided in the award notice.

F5: This option vests and becomes exercisable pro rata with respect to one-third of the shares subject to the option on the first, second, and third anniversaries of the date of grant.

F6: This option vests and becomes exercisable on the third anniversary of the date of grant.