One of the most intensively developing fields of vibratory technologies is focused on improving the design and operational parameters of the excitation mechanisms and drives. The present research is devoted to a novel twin crank-type exciter driven by a permanent-magnet direct-current motor. The research methodology consists of mathematical modeling and computer simulation of the dynamic behavior of a single-mass oscillatory system equipped with the proposed exciter. The obtained results substantiate the possibilities of generating rectilinear, elliptical, and circular oscillations of the working member by applying the corresponding design changes of the transformable vibration exciter. The major scientific novelty of the carried-out investigations consists in determining the influence of specific design parameters of the exciter on the trajectory (path) of the working member motion. The obtained results can have a significant practical value while designing new and improving existent drives of various vibratory equipment (screens, conveyors, sieves, compactors, technological (lapping, polishing) machines, etc.).