Saadeh-Jajeh Diana 4

What Happened

• Diana Saadeh-Jajeh, a director of Tandy Leather Factory, was awarded 6,035 shares by the Board and had 5,902 restricted stock units (RSUs) converted/exercised into common stock on June 9, 2026. The filing also shows a simultaneous disposition of 5,902 derivative shares. All transactions list $0.00 consideration.
• These actions reflect an award/grant and the conversion/exercise of RSUs (derivative transaction code M) rather than an open-market purchase or sale for cash.

Key Details

• Transaction date: June 9, 2026; Form 4 filed June 11, 2026 (filed within the normal two-business-day window).
• Awards: 6,035 shares (code A) reported at $0.00 (Footnote F1: Board award).
• RSU conversions: 5,902 shares acquired via exercise/conversion of derivatives (code M) at $0.00; a matching 5,902-share derivative disposition (code M) at $0.00 is also reported.
• Footnotes: F2 clarifies each RSU equals one share on vesting. F3 states prior RSU grants (June 4, 2024 and June 10, 2025) whose remaining unvested units were accelerated to vest on June 9, 2026.
• Shares owned after transaction: not provided in the excerpt of the filing.

Context

• The filing documents an award and accelerated vesting/conversion of RSUs into common stock. The matching acquisition and disposition of 5,902 derivative shares are reported but the filing does not specify the reason for the disposition (e.g., sale, tax withholding, or net settlement).
• These are not open-market purchases or sales driven by trading intent; awards and RSU vesting are routine forms of compensation/settlement.