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Director at Tandy Leather (NASDAQ: TLF) gains shares via RSU exercise and grant

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

Rhea-AI Filing Summary

Tandy Leather Factory director Diana Saadeh-Jajeh increased her equity stake through compensation-related awards, not open-market trading. On June 9, 2026, she exercised 5,902 restricted stock units (RSUs) into an equal number of TLF common shares at no cash price to her.

The same day, the Board of Directors awarded her an additional 6,035 common shares. Footnotes explain that earlier RSU grants of 3,132 units in 2024 and 4,336 units in 2025 were scheduled to vest over four years, but on June 9, 2026 the Administrative Committee accelerated vesting of all remaining unvested RSUs.

Positive

  • None.

Negative

  • None.
Insider Saadeh-Jajeh Diana
Role null
Type Security Shares Price Value
Exercise Restricted Stock Unit 5,902 $0.00 --
Grant/Award Common Stock 6,035 $0.00 --
Exercise Common Stock 5,902 $0.00 --
Holdings After Transaction: Restricted Stock Unit — 0 shares (Direct, null); Common Stock — 7,601 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 4, 2024, the reporting person was granted 3,132 restricted stock units vesting in four annual installments and 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.
RSUs exercised 5,902 units Exercised into 5,902 TLF common shares on June 9, 2026
Board stock grant 6,035 shares Common stock awarded by Board on June 9, 2026
2024 RSU grant 3,132 units Granted June 4, 2024, vesting in four annual installments
2025 RSU grant 4,336 units Granted June 10, 2025, vesting in four annual installments
RSU remaining balance 0 units Restricted stock units remaining after 5,902-unit exercise
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, award, or other acquisition financial
"Transaction code A is described as Grant, award, or other acquisition."
derivative security financial
"Transaction code M is described as 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.
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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)
06/09/2026		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)7,601D
Common Stock06/09/2026M5,902A$0(2)13,503D
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)06/09/2026M5,902 (3) (3)Common Stock5,902$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 4, 2024, the reporting person was granted 3,132 restricted stock units vesting in four annual installments and 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 Diana Saadeh-Jajeh06/11/2026
** 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 Diana Saadeh-Jajeh report on June 9, 2026?

Diana Saadeh-Jajeh reported equity compensation transactions on June 9, 2026. She exercised 5,902 restricted stock units into common stock and received a separate board-awarded grant of 6,035 common shares, all at no cash cost to her.

Were any TANDY LEATHER FACTORY (TLF) shares sold in this Form 4 filing?

No shares were sold in this Form 4. All reported activity reflects acquisitions through an RSU exercise and a stock grant, with no open-market purchases or sales and no tax-withholding dispositions disclosed in the summarized data.

How many TLF shares did Saadeh-Jajeh acquire through restricted stock units?

She acquired 5,902 TLF common shares by exercising 5,902 restricted stock units. Each restricted stock unit represented a contingent right to receive one share of common stock upon vesting, and vesting was accelerated by the Administrative Committee on June 9, 2026.

What new stock grant did the TLF board award to Diana Saadeh-Jajeh?

The Board of Directors awarded her 6,035 shares of TLF common stock on June 9, 2026. This grant was recorded as a “grant, award, or other acquisition” with a per-share transaction price of $0.0000, indicating a compensation-related award.

What were the original vesting terms of Saadeh-Jajeh’s TLF restricted stock units?

She was granted 3,132 restricted stock units on June 4, 2024 and 4,336 units on June 10, 2025, each vesting in four annual installments. On June 9, 2026, the Administrative Committee accelerated vesting of all remaining unvested restricted stock units.

Did the Form 4 indicate any remaining RSU holdings for TLF director Saadeh-Jajeh?

The derivative transaction table shows 5,902 restricted stock units exercised into common stock with zero units remaining. Coupled with the accelerated vesting footnote, this indicates the previously granted RSUs were fully vested and exercised as of June 9, 2026.