Craig D. Cairns - 07 Nov 2023 Form 4 Insider Report for TRANSCAT INC (TRNS)

Role: Director
Signature: /s/ James M. Jenkins, Attorney-in-Fact for Craig D. Cairns
Issuer symbol: TRNS
Transactions as of: 07 Nov 2023
Net transactions value: +$100,233
Form type: 4
Filing time: 07 Nov 2023, 16:29:56 UTC
Previous filing: 08 Sep 2023
Next filing: 09 Sep 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TRNS	Common Stock, $.50 par value	Purchase	$20,189	+230		$87.78	230	07 Nov 2023	By Howe & Rusling 401(k) Plan FBO Craig D. Cairns
transaction	TRNS	Common Stock, $.50 par value	Purchase	$80,044	+910		$87.96	910	07 Nov 2023	By Howe & Rusling Roth 401(k) Plan FBO Craig D. Cairns
holding	TRNS	Common Stock, $.50 par value						3,843	07 Nov 2023	Direct

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						456	07 Nov 2023	Common Stock, $.50 par value	456	$0.000000	Direct	F1, F2
holding	TRNS	Stock Option (Right to Buy)						10,000	07 Nov 2023	Common Stock, $.50 par value	10,000	$47.14	Direct	F3

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

Explanation of Responses:

Id	Content
F1	These restricted stock units convert into common stock on a one-for-one basis.
F2	These restricted stock units vest on September 6, 2024.
F3	This option vests and becomes exercisable pro rata with respect to one-fifth of the shares subject to the option on the first, second, third, fourth and fifth anniversaries of the date of grant, except as otherwise provided in the award agreement.