Tandy Leather (TLF) director reports 4,336 non-expiring RSUs in Form 4

Rhea-AI Filing Summary

TANDY LEATHER FACTORY INC director Johnathan Lee Gehre updated his equity holdings. The filing shows he directly holds no shares of Common Stock and holds Restricted Stock Units covering 4,336 underlying shares of Common Stock at an exercise price of $0.0000. A footnote clarifies these RSUs do not expire.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Gehre Johnathan Lee

Role null

Type	Security	Shares	Price	Value
holding	Restricted Stock Units	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Restricted Stock Units — 4,336 shares (Direct, null); Common Stock — 0 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Common Stock held: 0 shares RSUs underlying shares: 4,336 shares RSU exercise price: $0.0000 per share

3 metrics

Common Stock held 0 shares Direct ownership after transactions

RSUs underlying shares 4,336 shares Restricted Stock Units tied to Common Stock

RSU exercise price $0.0000 per share Exercise price for Restricted Stock Units

Key Terms

Restricted Stock Units, underlying security title, exercise price

3 terms

Restricted Stock Units financial

""security_title": "Restricted Stock Units""

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

underlying security title financial

""underlying_security_title": "Common Stock""

exercise price financial

""conversion_or_exercise_price": "0.0000""

The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.

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)
05/04/2026

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								0	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 Units	$0							06/10/2026	(1)	Common Stock	4,336		4,336	D

Explanation of Responses:

1. These securities do not expire

	Daniel Ross	05/04/2026
	** 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 did TANDY LEATHER FACTORY INC (TLF) disclose in this Form 4 for Johnathan Lee Gehre?

The Form 4 shows director Johnathan Lee Gehre directly holds no Common Stock and holds Restricted Stock Units tied to 4,336 underlying shares. These RSUs carry a $0.0000 exercise price and, according to a footnote, do not expire.

How many Restricted Stock Units does Johnathan Lee Gehre hold in TANDY LEATHER FACTORY INC (TLF)?

Johnathan Lee Gehre holds Restricted Stock Units linked to 4,336 underlying shares of TANDY LEATHER FACTORY INC Common Stock. The filing lists these RSUs with a stated exercise price of $0.0000 and indicates they have no expiration date under the accompanying footnote.

Does Johnathan Lee Gehre directly own any TANDY LEATHER FACTORY INC (TLF) Common Stock after this filing?

According to the Form 4, Johnathan Lee Gehre directly owns zero shares of TANDY LEATHER FACTORY INC Common Stock. His equity exposure comes through Restricted Stock Units representing 4,336 underlying shares instead of directly held common shares at this time.

What is notable about the expiration terms of Johnathan Lee Gehre’s RSUs in TANDY LEATHER FACTORY INC (TLF)?

A footnote in the Form 4 states that these Restricted Stock Units do not expire. While an expiration date field appears in the data, the footnote clarifies that the RSUs themselves are structured without an expiration, affecting how long they may remain outstanding.

What is the exercise price of Johnathan Lee Gehre’s Restricted Stock Units in TANDY LEATHER FACTORY INC (TLF)?

The Form 4 lists an exercise price of $0.0000 for Johnathan Lee Gehre’s Restricted Stock Units. This indicates no cash payment would be required upon settlement of the RSUs into TANDY LEATHER FACTORY INC Common Stock under the terms described in the filing.