[144] Tapestry, Inc. SEC Filing
Tapestry, Inc. (TPR) Form 144 notice reports a proposed sale of 16,313 common shares through Fidelity Brokerage Services on the NYSE with an aggregate market value of $1,732,282.48. The seller acquired the shares via options granted in 2023 (one grant on 11/02/2023 for 10,302 shares and another on 04/12/2023 for 6,011 shares) and intends to sell for cash with an approximate sale date of 09/11/2025. No other sales in the past three months were reported and the filer represents they have no undisclosed material information.
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Insights
TL;DR: Insider option exercise followed by planned sale worth $1.73M; routine but noteworthy for share supply and insider liquidity.
The filing shows a proposed disposition of 16,313 common shares acquired through option grants in 2023 and slated for sale on 09/11/2025. The aggregate value of $1,732,282.48 is a clear, discrete insider sale event. This is a routine liquidity event rather than an operational disclosure; it does not contain financial performance metrics or forward guidance. Traders may note modest incremental selling pressure around the reported sale date, but the filing alone gives no evidence of material adverse company developments.
TL;DR: Form 144 documents standard compliance with Rule 144 for an insider sale; disclosure appears complete and procedural.
The notice identifies the securities, broker, acquisition method (options granted by the issuer), and intended sale date, satisfying procedural requirements under Rule 144. The filer asserts no undisclosed material information. There are no flagged gift transactions or prior sales in the past three months, which simplifies aggregation rules. From a governance perspective, this is a straightforward disclosure of insider liquidity with no apparent governance red flags in the form itself.