[Form 4] Ralph Lauren Corporation Insider Trading Activity

Rhea-AI Filing Summary

Form 4 highlights: On 07/30/2025, Executive Chair & 10% owner Ralph Lauren reported an indirect gift of 1,500,000 Class B shares (convertible 1-for-1 into Class A) from a family trust to a limited-liability company managed by his children (Transaction Code G).

Following the transfer:

• Trusts where Mrs. Lauren is trustee now hold 2,789,028 Class B shares.
• Mr. Lauren’s primary trust continues to own 12,282,954 Class B shares.
• An additional trust retains 51,365 Class B shares.

No open-market sales, purchases, or conversions occurred, and the exercise price remains $0 because Class B shares convert at the holder’s option. The transaction appears to be estate-planning related; it shifts voting power within the Lauren family but leaves the executive’s overall economic exposure to RL stock largely unchanged. Investors should view the filing as neutral from a liquidity or valuation standpoint.

Insights

Financial Analyst

TL;DR: Gifted 1.5 M Class B shares to family LLC; no cash sale, neutral impact.

The Code G transaction merely reallocates shares among family entities. Because Class B converts 1:1 to Class A, economic ownership is intact and no dilution occurs. Ralph Lauren still controls >15 M super-voting shares through various trusts, maintaining effective control. The absence of market sales means no supply overhang or pricing signal. Impact is therefore housekeeping rather than strategic.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

LAUREN RALPH

(Last) (First) (Middle)

RALPH LAUREN CORPORATION

650 MADISON AVENUE

(Street)

NEW YORK NY 10022

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
RALPH LAUREN CORP [ RL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	Exec. Chair, Chief Creative

3. Date of Earliest Transaction (Month/Day/Year)
07/30/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Class B Common Stock	(1)	07/30/2025		G(2)			1,500,000	(1)	(1)	Class A Common Stock	1,500,000	$0	2,789,028	I	By Trust(3)
Class B Common Stock	(1)							(1)	(1)	Class A Common Stock	12,282,954		12,282,954	I	By Mr. Lauren's Trust(4)
Class B Common Stock	(1)							(1)	(1)	Class A Common Stock	51,365		51,365	I	By Trust(5)

Explanation of Responses:

1. The holder of the securities has the right, at the holder's option, at any time and from time to time, to convert shares of Class B Common Stock into Class A Common Stock on a one-for-one basis.

2. Reflects a gift of shares of Class B Common Stock from a trust of which Mrs. Lauren is a trustee established for the benefit of Mr. Lauren's issue to a limited liability company, which is managed by Mr. Lauren's children, including Mr. David Lauren.

3. These securities are held by trusts of which Mrs. Lauren is a trustee established for the benefit of Mr. Lauren's issue.

4. These securities are held by a trust of which Mr. Lauren is a trustee and beneficiary.

5. These securities are held by a trust of which Mr. Lauren is a trustee and beneficiary.

	/s/ Craig L. Smith, Attorney-in-Fact for Ralph Lauren	08/01/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

How many Ralph Lauren (RL) shares were transferred in the July 30 Form 4?

1,500,000 Class B shares were gifted to an LLC managed by Mr. Lauren’s children.

Was the insider transaction a sale that could pressure RL stock?

No. The filing records a gift (Code G); no shares were sold on the open market, so no direct selling pressure exists.

Does Ralph Lauren still hold voting control after the transaction?

Yes. Through several trusts he or his spouse controls, Mr. Lauren still beneficially owns ~15 M Class B shares, preserving voting power.

Can the gifted Class B shares be converted to Class A?

Yes. Class B shares are convertible 1-for-1 into Class A at the holder’s discretion.

Why is the share price listed as $0 in the derivative table?

Because the transaction was a gift; no consideration was paid, so the price field is zero.