CANTRELL VICTORIA MARIE 4

What Happened
Victoria Marie Cantrell, a director of Tandy Leather Factory, had 783 restricted stock units (RSUs) convert into 783 shares on June 4, 2026. The transaction is recorded as a derivative exercise/conversion (code M) at $0.00 per share — no cash was paid or received; the RSUs were settled into common stock.

Key Details

• Transaction date: June 4, 2026; Form 4 filed June 8, 2026 (filed within required window).
• Transaction type/code: Exercise/conversion of derivative (M); 783 shares acquired and 783 derivative units terminated.
• Price/Value: $0.00 per share (settlement of vested RSUs); total cash consideration reported = $0.
• Shares owned after transaction: Not specified in the filing.
• Footnotes: F1 — Each RSU converts to one share upon vesting. F2 — Cantrell was granted 2,349 RSUs on June 4, 2024, vesting in three annual installments beginning June 4, 2026 (783 shares each).

Context
This appears to be the first annual vesting installment of a 2,349-RSU grant made in 2024. Converting vested RSUs into shares is a routine, non-market purchase compensation event and does not by itself signal insider buying or selling intent.