Carl E. Sassano - May 26, 2022 Form 4 Insider Report for TRANSCAT INC (TRNS)

Role: Director
Signature: /s/ James M. Jenkins, Attorney-in-Fact for Carl E. Sassano
Stock symbol: TRNS
Transactions as of: May 26, 2022
Transactions value $: -$1,262,800
Form type: 4
Date filed: 5/31/2022, 04:17 PM
Previous filing: Sep 9, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TRNS	Common Stock, $.50 par value	Sale	-$1.26M	-20K	-30.72%	$63.14	45.1K	May 26, 2022	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	TRNS	Restricted Stock Units						756	May 26, 2022	Common Stock, $.50 par value	756	$0.00	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $63.11 to $64.03, inclusive. Mr. Sassano undertakes to provide Transcat, Inc., any security holder of Transcat, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F2	These restricted stock units, which convert into common stock on a one-for-one basis, vest on September 8, 2022, except as otherwise provided in the award agreement.

Content

The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $63.11 to $64.03, inclusive. Mr. Sassano undertakes to provide Transcat, Inc., any security holder of Transcat, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

These restricted stock units, which convert into common stock on a one-for-one basis, vest on September 8, 2022, except as otherwise provided in the award agreement.