Narcissists over-estimate their ability to read social cues, misunderstand how others perceive them, and lack perspective-taking abilities. Thus, people high on narcissism might feel more transparent toward others (i.e., felt transparency) than people low on narcissism. But is this the case? We performed a pre-registered mixed-design online study (n = 334) to test whether narcissism is positively or negatively linked to feelings of transparency and to explore whether this link depends on situational factors. Our results show that the more people score high in narcissism, the more they feel transparent toward other(s). Situational factors (referent, dimension, and valence) do not moderate the narcissism-transparency link, except for valence and narcissism rivalry. We discuss potential theoretical contributions to the literature on narcissism, transparency and metaperception.