Gehre Johnathan Lee 4

What Happened

• Johnathan Gehre, a director of Tandy Leather Factory, received a board-awarded grant of 6,035 shares on June 9, 2026 and had 4,336 restricted stock units (RSUs) convert into common shares the same day. Both the award and the RSU conversion show $0.00 per-share acquisition price (no cash paid). The RSU conversion is reported as a derivative exercise/conversion (transaction code M) and also appears as a derivative disposition at $0.00 in the filing (see footnotes).

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) at $0.00.
• RSUs: 4,336 restricted stock units converted into 4,336 shares (1 RSU = 1 share per Footnote F2); these RSUs were originally granted June 10, 2025 and had their remaining vesting accelerated June 9, 2026 (Footnote F3).
• Reported prices/values: all entries show $0.00 per share; no sale proceeds or purchase cash outlay reported.
• Shares owned after the transactions: not specified in the provided summary of the filing.

Context

• These transactions are awards/vested RSU conversions, not open-market purchases or sales. Awards and accelerated vesting are corporate compensation actions and do not necessarily signal buying or selling intent by the insider.
• The derivative entries reflect conversion/settlement of RSUs into common stock (simple 1:1 conversion), not an exercise of a cash-paid option or a public sale.