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Tandy Leather (NASDAQ: TLF) director granted shares and exercises RSUs

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

Rhea-AI Filing Summary

Tandy Leather Factory director Victoria Marie Cantrell received additional equity compensation on June 9, 2026. She acquired 6,714 shares of common stock through the exercise of restricted stock units and separately was awarded 6,035 shares of common stock by the Board of Directors. Footnotes explain that each restricted stock unit converts into one common share and that the Administrative Committee accelerated vesting of all her previously unvested restricted stock units granted between 2023 and 2025.

Positive

  • None.

Negative

  • None.
Insider CANTRELL VICTORIA MARIE
Role null
Type Security Shares Price Value
Exercise Restricted Stock Unit 6,714 $0.00 --
Grant/Award Common Stock 6,035 $0.00 --
Exercise Common Stock 6,714 $0.00 --
Holdings After Transaction: Restricted Stock Unit — 0 shares (Direct, null); Common Stock — 23,221 shares (Direct, null)
Footnotes (1)
  1. Represents common stock awarded by the Board of Directors on June 9, 2026. Each restricted stock unit represents a contingent right to receive one share of TLF common stock upon vesting. On June 6, 2023, the reporting person was granted 3,248 restricted stock units, on June 4, 2024, the reporting person was granted 3,132 restricted stock units and on June 10, 2025 the reporting person was granted 4,336 restricted stock units all vesting in four annual installments. On June 9, 2026, the Administrative Committee accelerated vesting of all unvested restricted stock units.
Common shares from RSU exercise 6,714 shares Common stock acquired by RSU exercise on June 9, 2026
Board stock award 6,035 shares Common stock awarded by Board of Directors on June 9, 2026
RSU exercise price $0.0000 per unit Stated transaction price and conversion price for RSUs
2023 RSU grant 3,248 restricted stock units Granted on June 6, 2023; vesting in four annual installments
2024 RSU grant 3,132 restricted stock units Granted on June 4, 2024; vesting in four annual installments
2025 RSU grant 4,336 restricted stock units Granted on June 10, 2025; vesting in four annual installments
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.
accelerated vesting financial
"On June 9, 2026, the Administrative Committee accelerated vesting of all unvested restricted stock units."
grant financial
"On June 6, 2023, the reporting person was granted 3,248 restricted stock units..."
Board of Directors financial
"Represents common stock awarded by the Board of Directors on June 9, 2026."
The Board of Directors is a group of people chosen by a company's owners to help make big decisions and oversee how the company is run. They act like a team of advisors or managers, making sure the company stays on track and meets its goals. Their choices can influence the company's success and how it grows.
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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)
06/09/2026		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 Stock06/09/2026A6,035(1)A$0(1)23,221D
Common Stock06/09/2026M6,714A$0(2)29,935D
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(2)06/09/2026M6,714 (3) (3)Common Stock6,714$00D
Explanation of Responses:
1. Represents common stock awarded by the Board of Directors on June 9, 2026.
2. Each restricted stock unit represents a contingent right to receive one share of TLF common stock upon vesting.
3. On June 6, 2023, the reporting person was granted 3,248 restricted stock units, on June 4, 2024, the reporting person was granted 3,132 restricted stock units and on June 10, 2025 the reporting person was granted 4,336 restricted stock units all 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 Vicki Cantrell06/11/2026
** 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 transactions did TLF director Victoria Cantrell report on June 9, 2026?

Victoria Cantrell reported acquiring common stock in Tandy Leather Factory through compensation-related events on June 9, 2026. She exercised restricted stock units into 6,714 common shares and separately received a board-approved award of 6,035 common shares, with no open-market buying or selling disclosed.

How many TLF common shares did Victoria Cantrell acquire through RSU exercise?

She acquired 6,714 Tandy Leather Factory common shares via the exercise of restricted stock units. The filing states each restricted stock unit represents a contingent right to receive one common share upon vesting, and these units were converted into common stock on June 9, 2026.

What stock award did the TLF Board grant to Victoria Cantrell in June 2026?

The Board of Directors awarded Victoria Cantrell 6,035 shares of Tandy Leather Factory common stock on June 9, 2026. A footnote clarifies this represents common stock directly awarded by the Board, separate from shares obtained through restricted stock unit exercises on the same date.

How were Victoria Cantrell’s TLF restricted stock units treated in this Form 4 filing?

Restricted stock units were exercised into 6,714 Tandy Leather Factory common shares at a stated price of $0.0000 per unit. Footnotes add that all unvested restricted stock units granted in 2023, 2024, and 2025 had their vesting accelerated by the Administrative Committee on June 9, 2026.

Does the TLF Form 4 show any stock sales by Victoria Cantrell?

The Form 4 does not show any sales by Victoria Cantrell; all transactions are coded as acquisitions. She exercised restricted stock units into common shares and received an additional stock award, with no sale codes or dispositions such as open-market sales or tax-withholding transactions reported.