diff --git a/apps/web/src/components/OneLoopStudio.tsx b/apps/web/src/components/OneLoopStudio.tsx
index f8e92fe98..cde52fb41 100644
--- a/apps/web/src/components/OneLoopStudio.tsx
+++ b/apps/web/src/components/OneLoopStudio.tsx
@@ -862,6 +862,7 @@ export default function OneLoopStudio() {
                   busy: busy || selected?.status === 'processing',
                   hasCompletedRun: selected != null && selected.status !== 'processing' && !busy,
                   eventCount: 0,
+                  hasTranscript: Boolean(selected?.transcript?.trim()),
                   hasArchitecture: Boolean(packFormation.architecture),
                   artifactCount: packFormation.artifacts.length,
                   toolCount: packFormation.tools.length,
diff --git a/apps/web/src/lib/__tests__/studio-pipeline-status.test.ts b/apps/web/src/lib/__tests__/studio-pipeline-status.test.ts
index 0afe3e3de..3cc2934c4 100644
--- a/apps/web/src/lib/__tests__/studio-pipeline-status.test.ts
+++ b/apps/web/src/lib/__tests__/studio-pipeline-status.test.ts
@@ -200,6 +200,22 @@ describe('studio-pipeline-status', () => {
     );
   });
 
+  it('does not claim a transcript exists when a completed run only has pack identity', () => {
+    const emptyNoTranscript = studioEventsEmptyMessage({
+      busy: false,
+      hasCompletedRun: true,
+      eventCount: 0,
+      hasArchitecture: false,
+      artifactCount: 0,
+      toolCount: 0,
+      hasTranscript: false,
+    });
+
+    expect(emptyNoTranscript.toLowerCase()).toMatch(/no extracted events/);
+    expect(emptyNoTranscript.toLowerCase()).not.toContain('transcript');
+    expect(emptyNoTranscript.toLowerCase()).toContain('pack identity');
+  });
+
   it('enables export from pack formation when events[] is empty', () => {
     expect(
       studioCanExport({
diff --git a/apps/web/src/lib/studio-pipeline-status.ts b/apps/web/src/lib/studio-pipeline-status.ts
index 87db998c0..4a00769b7 100644
--- a/apps/web/src/lib/studio-pipeline-status.ts
+++ b/apps/web/src/lib/studio-pipeline-status.ts
@@ -90,6 +90,7 @@ export function studioEventsEmptyMessage(input: {
   busy: boolean;
   hasCompletedRun: boolean;
   eventCount: number;
+  hasTranscript?: boolean;
   hasArchitecture: boolean;
   artifactCount: number;
   toolCount: number;
@@ -102,7 +103,10 @@ export function studioEventsEmptyMessage(input: {
   if (packReady) {
     return 'This pack has no extracted events. Architecture, artifacts, and stack from the video are below — export them from this page.';
   }
-  return 'This run has no extracted events. Transcript and pack identity stay on this page.';
+  if (input.hasTranscript) {
+    return 'This run has no extracted events. Transcript and pack identity stay on this page.';
+  }
+  return 'This run has no extracted events. Pack identity stays on this page.';
 }
 
 export function studioPromotePackWorkbench(input: {