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Tandy Leather (NASDAQ: TLF) director converts 1,512 RSUs into common stock

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Tandy Leather Factory director Victoria Marie Cantrell reported routine equity compensation activity. On June 8, 2026, she exercised restricted stock units, converting a total of 1,512 units into common stock at a stated price of $0.00 per share. The RSUs stem from prior grants of 2,800 units awarded on June 7, 2022 and 3,248 units awarded on June 6, 2023, each vesting in four annual installments.

Positive

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Negative

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Insights

Director converted 1,512 RSUs into common stock in a routine compensation event.

Victoria Marie Cantrell, a director of Tandy Leather Factory, exercised restricted stock units on June 8, 2026, acquiring 1,512 shares of common stock at an exercise price of $0.00 per share. These are compensation-related conversions, not open-market purchases or sales.

The RSUs come from grants of 2,800 units on June 7, 2022 and 3,248 units on June 6, 2023, each vesting in four annual installments. With 0% exercise price, RSUs function as share-based bonuses that deliver stock as vesting milestones are reached.

The filing shows no open-market buying or selling, only derivative exercises. This is a standard part of director compensation and typically has limited signaling value about the director’s view of the stock. Future company filings may describe any additional equity awards or remaining unvested RSUs.

Insider CANTRELL VICTORIA MARIE
Role null
Type Security Shares Price Value
Exercise Restricted Stock Unit 700 $0.00 --
Exercise Restricted Stock Unit 812 $0.00 --
Exercise Common Stock 700 $0.00 --
Exercise Common Stock 812 $0.00 --
Holdings After Transaction: Restricted Stock Unit — 0 shares (Direct, null); Common Stock — 16,374 shares (Direct, null)
Footnotes (1)
  1. Each restricted stock unit represents a contingent right to receive one share of TLF common stock upon vesting. On June 7, 2022, the reporting person was granted 2,800 restricted stock units, vesting in four annual installments beginning June 7, 2023. On June 6, 2023, the reporting person was granted 3,248 restricted stock units, vesting in four annual installments beginning June 6, 2024.
RSUs exercised 1,512 units Restricted stock units converted to common stock on June 8, 2026
2022 RSU grant size 2,800 units Granted June 7, 2022, vesting in four annual installments
2023 RSU grant size 3,248 units Granted June 6, 2023, vesting in four annual installments
Exercise price per share $0.00 per share Price for common stock received upon RSU conversion
Restricted Stock Unit financial
"Each restricted stock unit represents a contingent right to receive one share of TLF common stock upon vesting."
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.
derivative security financial
"Transaction code M is described as an exercise or conversion of derivative security."
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
vest in four annual installments financial
"The 2,800 restricted stock units vest in four annual installments beginning June 7, 2023."
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share of common stock."
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
CANTRELL VICTORIA MARIE
(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)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/08/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock06/08/2026M700A$0(1)16,374D
Common Stock06/08/2026M812A$0(1)17,186D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Unit(1)06/08/2026M700 (2) (2)Common Stock700$00D
Restricted Stock Unit(1)06/08/2026M812 (3) (3)Common Stock812$0812D
Explanation of Responses:
1. Each restricted stock unit represents a contingent right to receive one share of TLF common stock upon vesting.
2. On June 7, 2022, the reporting person was granted 2,800 restricted stock units, vesting in four annual installments beginning June 7, 2023.
3. On June 6, 2023, the reporting person was granted 3,248 restricted stock units, vesting in four annual installments beginning June 6, 2024.
/s/ Ashley Dagley, Attorney-in-fact for Vicki Cantrell06/09/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Tandy Leather Factory (TLF) director Victoria Cantrell report?

Director Victoria Marie Cantrell reported exercising restricted stock units into common stock. On June 8, 2026, she converted 1,512 RSUs at a stated price of $0.00 per share, reflecting routine equity compensation rather than an open-market share purchase or sale.

How many TLF shares did Victoria Cantrell acquire through this Form 4 filing?

The Form 4 shows Victoria Cantrell acquired 1,512 shares of Tandy Leather Factory common stock. These came from the exercise of restricted stock units on June 8, 2026, with no reported open-market buying or selling activity in this filing.

What are the details of Victoria Cantrell’s TLF restricted stock unit grants?

Cantrell received 2,800 restricted stock units on June 7, 2022, vesting in four annual installments beginning June 7, 2023. She also received 3,248 units on June 6, 2023, vesting annually over four years starting June 6, 2024, according to the footnotes.

Does the TLF Form 4 show any open-market stock sales or purchases by Victoria Cantrell?

The Form 4 does not show any open-market stock sales or purchases. It only reports derivative exercises, where restricted stock units converted into common shares at a $0.00 price, indicating routine vesting of equity compensation awards.

Are Victoria Cantrell’s restricted stock units in TLF tied to specific vesting schedules?

Yes. The 2,800 RSUs granted June 7, 2022 vest in four annual installments beginning June 7, 2023. The 3,248 RSUs granted June 6, 2023 vest in four annual installments beginning June 6, 2024, as disclosed in the Form 4 footnotes.