CANTRELL VICTORIA MARIE 4

What Happened
Victoria Marie Cantrell, a director of Tandy Leather Factory, had restricted stock units (RSUs) convert into 1,512 shares of TLF common stock on June 8, 2026. The filing shows two conversions: 700 shares and 812 shares, each reported at $0.00 (no cash paid on conversion). The Form 4 reports the acquisition of 1,512 shares and the simultaneous disposition (cancellation) of the equivalent derivative RSUs — this reflects vested RSUs converting into common shares, not an open-market sale.

Key Details

• Transaction date: June 8, 2026; Form 4 filed June 9, 2026 (filed the next day).
• Reported transactions: Acquired 700 shares @ $0.00 and 812 shares @ $0.00 (total 1,512 shares); corresponding disposal entries canceling the derivative RSUs.
• Price paid: $0.00 (these were vested RSUs converting to shares).
• Shares owned after transaction: Not specified in the provided filing.
• Footnotes:
  • F1: Each RSU represents a contingent right to receive one share upon vesting.
  • F2: 2,800 RSUs granted June 7, 2022, vesting in four annual installments beginning June 7, 2023 (700 = 1/4 of 2,800).
  • F3: 3,248 RSUs granted June 6, 2023, vesting in four annual installments beginning June 6, 2024 (812 = 1/4 of 3,248).
• Transaction code: M (exercise or conversion of a derivative security).
• Timeliness: Filing appears timely (reported the day after the transaction).

Context
This was a routine vesting/conversion of previously granted RSUs into common shares — no cash purchase and no immediate sale reported in this filing. Such conversions increase the insider’s common shares but do not by themselves indicate a buy/sell decision in the market.