CANTRELL VICTORIA MARIE 4

What Happened
Victoria Cantrell, a director of Tandy Leather Factory, was awarded 6,035 shares by the Board and had 6,714 restricted stock units convert into common stock on June 9, 2026. All transactions show a $0.00 per-share acquisition price (awarded/converted equity), and the filing also reports a simultaneous disposition of 6,714 shares tied to the conversion (reported as a derivative disposition).

Key Details

• Transaction date: June 9, 2026; Form 4 filed June 11, 2026 (timely filing).
• Award: 6,035 shares granted by the Board (Footnote F1).
• Conversion/exercise: 6,714 shares reported as acquired via exercise/conversion and 6,714 shares reported as disposed (derivative) (both at $0.00).
• Footnotes: F2 notes each restricted stock unit (RSU) converts to one share on vesting. F3 explains Cantrell had RSU grants in 2023–2025 that were accelerated to vest on June 9, 2026.
• Shares owned after the transactions: not disclosed in the provided filing.

Context
The converted shares derive from previously granted RSUs whose vesting was accelerated by the Administrative Committee on June 9, 2026 (per F3). The matched acquisition and disposition of 6,714 shares is commonly seen when vested RSUs are converted and some shares are immediately withheld or net-settled to satisfy tax or other obligations; the filing does not state the specific reason. These are equity compensation events (awards and RSU conversions), not open-market purchases or sales, so they reflect routine compensation/vesting rather than a straightforward bullish or bearish insider trade.