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  4. [Form 4] TANDY LEATHER FACTORY INC Insider Trading Activity

Tandy Leather (NASDAQ: TLF) director converts 783 RSUs into stock

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

Rhea-AI Filing Summary

TANDY LEATHER FACTORY INC director Diana Saadeh-Jajeh exercised restricted stock units into common shares as part of her equity compensation. On June 4, 2026, she acquired 783 shares of common stock through the conversion of 783 restricted stock units at a stated price of $0.00 per share. After this non‑market transaction, she directly holds 1,566 common shares. Each restricted stock unit represents a right to receive one share of common stock upon vesting, reflecting standard stock-based compensation rather than an open-market purchase or sale.

Positive

  • None.

Negative

  • None.
Insider Saadeh-Jajeh Diana
Role null
Type Security Shares Price Value
Exercise Restricted Stock Unit 783 $0.00 --
Exercise Common Stock 783 $0.00 --
Holdings After Transaction: Restricted Stock Unit — 1,566 shares (Direct, null); Common Stock — 1,566 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 4, 2024, the reporting person was granted 3,132 restricted stock units, vesting in three annual installments beginning June 4, 2025.
RSUs exercised 783 units Restricted stock units converted to common stock on June 4, 2026
Common shares acquired 783 shares Non-derivative common stock received from RSU conversion
Post-transaction holdings 1,566 shares Director’s direct common stock position after the Form 4 transactions
Original RSU grant 3,132 units Restricted stock units granted June 4, 2024, vesting over three years
Exercise price $0.00 per unit Stated conversion price for the 783 restricted stock units
Restricted Stock Unit financial
"The security title for the derivative transaction is "Restricted Stock Unit"."
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
"The transaction code description notes 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.
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share of TLF common stock."
non-derivative financial
"One transaction is classified with transaction_type "non-derivative" for Common Stock."
vesting financial
"The 3,132 restricted stock units vest in three annual installments beginning June 4, 2025."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
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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*
Saadeh-Jajeh Diana
(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)
06/04/2026		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 Stock06/04/2026M783A$0(1)1,566D
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)06/04/2026M783 (2) (2)Common Stock783$01,566D
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 4, 2024, the reporting person was granted 3,132 restricted stock units, vesting in three annual installments beginning June 4, 2025.
/s/ Ashley Dagley, Attorney-in-fact for Diana Saadeh-Jajeh06/08/2026
** 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 TLF director Diana Saadeh-Jajeh report?

Diana Saadeh-Jajeh reported exercising 783 restricted stock units into 783 shares of TANDY LEATHER FACTORY INC common stock. This was an equity compensation-related conversion, not an open-market purchase or sale, and increased her directly held common shares to 1,566.

Was the TLF Form 4 transaction a buy or sell in the market?

The Form 4 shows no open-market buy or sell. Instead, the director exercised 783 restricted stock units into common shares at a stated price of $0.00 per share, a routine compensation conversion rather than a market trade on an exchange.

How many TLF shares does Diana Saadeh-Jajeh hold after this Form 4?

After exercising 783 restricted stock units into common shares, Diana Saadeh-Jajeh directly holds 1,566 shares of TANDY LEATHER FACTORY INC common stock. This reflects her position following the reported non-derivative transaction on June 4, 2026.

What do the restricted stock units in the TLF filing represent?

Each restricted stock unit represents a contingent right to receive one share of TANDY LEATHER FACTORY INC common stock upon vesting. When the units vest, they convert into common shares, as shown by the 783-unit exercise reported in this Form 4.

Were the TLF restricted stock units previously granted to the director?

Yes. A footnote explains the reporting person was granted 3,132 restricted stock units on June 4, 2024, vesting in three annual installments beginning June 4, 2025. The 783 units exercised here are part of that larger award converting into common stock.