Tandy Leather (TLF) director adds stock from RSU conversion and grant

Rhea-AI Filing Summary

Tandy Leather Factory director Johnathan Lee Gehre reported equity compensation activity. He acquired 4,336 shares of common stock through the exercise of restricted stock units, a non-cash conversion of previously granted awards. A separate grant added 6,035 shares of common stock as an award from the Board of Directors on June 9, 2026, both held directly. Earlier, he had received 4,336 restricted stock units that were scheduled to vest over four years, but the Administrative Committee accelerated vesting of all remaining units, and each unit converted into one share of common stock.

Insights

Equity compensation analyst

Routine equity compensation: RSU vesting and stock award, no open‑market trades.

Director Johnathan Lee Gehre acquired Tandy Leather Factory common stock through equity compensation rather than market purchases or sales. He exercised 4,336 restricted stock units into an equal number of common shares at a stated price of $0.00 per share, reflecting a non-cash conversion of previously granted awards.

The filing also shows a grant of 6,035 common shares awarded by the Board on June 9, 2026, again with no cash consideration. Footnotes explain that 4,336 RSUs granted on June 10, 2025, originally vesting over four years, had their remaining unvested portion accelerated by the Administrative Committee. With the RSUs fully converted and no remaining derivative position listed, this appears to be routine director compensation with neutral signaling value for investors.

Insider Trade Summary

4,336 shares exercised/converted

Mixed 3 txns

Insider Gehre Johnathan Lee

Role null

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Unit	4,336	$0.00	--
Grant/Award	Common Stock	6,035	$0.00	--
Exercise	Common Stock	4,336	$0.00	--

Holdings After Transaction: Restricted Stock Unit — 0 shares (Direct, null); Common Stock — 6,035 shares (Direct, null)

Footnotes (1)

1. Represents common stock awarded by the Board of Directors on June 9, 2026. Each restricted stock unit converts into one share of TLF common stock. On June 10, 2025, the reporting person was granted 4,336 restricted stock units vesting in four annual installments. On June 9, 2026, the Administrative Committee accelerated vesting of all unvested restricted stock units.

Key Figures

RSUs converted: 4,336 units Common shares from RSUs: 4,336 shares Board stock award: 6,035 shares +2 more

5 metrics

RSUs converted 4,336 units Restricted stock units converted into common stock on June 9, 2026

Common shares from RSUs 4,336 shares Common stock acquired through RSU exercise at $0.00 per share

Board stock award 6,035 shares Common stock awarded by Board of Directors on June 9, 2026

Shares after exercise line 10,371 shares Total common shares shown following RSU-related acquisition entry

Shares after grant line 6,035 shares Total common shares shown following the stock award entry

Key Terms

Restricted Stock Unit, Exercise or conversion of derivative security, Grant, award, or other acquisition, Administrative Committee, +1 more

5 terms

Restricted Stock Unit financial

"security_title: "Restricted Stock Unit" with 4,336 units converting to common stock"

A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.

Exercise or conversion of derivative security financial

"transaction_code_description: "Exercise or conversion of derivative security""

Grant, award, or other acquisition financial

"transaction_code_description: "Grant, award, or other acquisition""

Administrative Committee financial

"the Administrative Committee accelerated vesting of all unvested restricted stock units"

vesting in four annual installments financial

"RSUs granted June 10, 2025, vesting in four annual installments"

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Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Gehre Johnathan Lee

(Last) (First) (Middle)

7602 SW LOOP 820

(Street)

BENBROOK TEXAS 76126

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
TANDY LEATHER FACTORY INC [ TLF ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/09/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	06/09/2026		A		6,035(1)	A	$0(1)	6,035	D
Common Stock	06/09/2026		M		4,336	A	(2)	10,371	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Unit	(2)	06/09/2026		M			4,336	(3)	(3)	Common Stock	4,336	$0	0	D

Explanation of Responses:

1. Represents common stock awarded by the Board of Directors on June 9, 2026.

2. Each restricted stock unit converts into one share of TLF common stock.

3. On June 10, 2025, the reporting person was granted 4,336 restricted stock units vesting in four annual installments. On June 9, 2026, the Administrative Committee accelerated vesting of all unvested restricted stock units.

	/s/ Ashley Dagley, Attorney-in-fact for John Gehre	06/11/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transactions did TLF director Johnathan Lee Gehre report?

Director Johnathan Lee Gehre reported acquiring Tandy Leather Factory common shares through compensation. He exercised 4,336 restricted stock units into common stock and received a separate award of 6,035 common shares granted by the Board of Directors on June 9, 2026.

Did the TLF director buy or sell shares on the open market?

The filing shows no open-market buying or selling by the TLF director. Instead, all activity reflects equity compensation: RSUs converting into 4,336 common shares and a 6,035-share common stock award granted directly by the Board of Directors.

How many restricted stock units did the TLF director have accelerated and converted?

The director had 4,336 restricted stock units accelerated and converted into common stock. These RSUs were originally granted on June 10, 2025, to vest in four annual installments, but the Administrative Committee accelerated vesting of all unvested units on June 9, 2026.

What common stock award did the TLF Board grant to the director?

The Board of Directors granted the TLF director 6,035 shares of common stock on June 9, 2026. This award is reported as directly owned common stock and represents additional equity compensation separate from the 4,336 restricted stock units that were converted.

Does the TLF director still hold any restricted stock units after these transactions?

According to the filing, no restricted stock units remain after these transactions. The 4,336 RSUs granted earlier were fully vested and converted into 4,336 common shares, leaving a reported zero balance for that RSU position afterward.

Are these TLF insider transactions likely routine compensation events?

The transactions appear to be routine compensation events. They involve the exercise of 4,336 restricted stock units and a 6,035-share common stock grant, both at a stated price of $0.00 per share, rather than discretionary market trades by the director.