TRANSCAT INC — Director's Dealing 2024

May 22, 2024

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TRANSCAT INC (TRNS)
CIK: 0000099302
Period of Report: 2024-05-20

Reporting Person: Jenkins James M. (Chief Legal & Corp Dev Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2024-05-20	Common Stock, $.50 par value	A	1818	—	Acquired	7937	Direct
2024-05-20	Common Stock, $.50 par value	F	804	$124.12	Disposed	7133	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $.50 par value	1000	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Restricted Stock Units	$0		Common Stock, $.50 par value (3485)	3485	Direct
Restricted Stock Units	$0		Common Stock, $.50 par value (1188)	1188	Direct
Stock Option (Right to Buy)	$63.17	2027-05-25	Common Stock, $.50 par value (3500)	3500	Direct

Footnotes

F1: These shares were awarded to Mr. Jenkins upon the vesting of performance-based restricted stock units granted to him under the Transcat, Inc. 2003 Incentive Plan, as amended, in a transaction exempt under Rule 16b-3. The shares underlying this award vested after three years based on the Company's achievement on certain pre-determined earnings per share thresholds over the eligible three-year period that ended in fiscal year 2024.

F2: Includes 21 shares acquired under the Transcat, Inc. Employee Stock Purchase Plan.

F3: Shares withheld to cover tax withholding obligations on the vesting of performance-based restricted stock units.

F4: These restricted stock units, which convert into common stock on a one-for-one basis, vest on March 28, 2026, except as otherwise provided in the award notice.

F5: These restricted stock units, which convert into common stock on a one-for-one basis, vest on March 28, 2025, except as otherwise provided in the award notice.

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