Tapestry CEO exercises options, sells 48,795 shares

Tapestry, Inc.’s Chief Executive Officer Joanne C. Crevoiserat reported multiple option exercises and share sales.

Rhea-AI Filing Summary

Tapestry, Inc.’s Chief Executive Officer Joanne C. Crevoiserat reported multiple option exercises and share sales. On February 18, 2026, she exercised stock options covering 123,348 shares of common stock at exercise prices of $15.83, $20.97, and $42.31 per share.

She then sold 48,795 shares of common stock in open-market transactions at prices around $154.79–$154.99 per share, and a total of 74,553 shares were withheld to cover costs, fees, and tax obligations related to the option exercises. Some of these transactions were effected under a Rule 10b5-1 trading plan adopted on November 19, 2025. After these moves, she directly owned 613,632 TPR shares.

Insider Trade Summary

Exercise and sale activity reported; no spread calculated

Exercise and Sale 12 txns

Insider Crevoiserat Joanne C.

Role Chief Executive Officer

Sold 48,795 shs ($7.56M)

Approx. gross sale proceeds $7.56M

Approx. exercise cost $3.65M

Type	Security	Shares	Price	Value
Exercise	Stock Option	30,292	$0.00	$0.00
Exercise	Stock Option	35,770	$0.00	$0.00
Exercise	Stock Option	57,286	$0.00	$0.00
Exercise	Common Stock	57,286	$42.31	$2.42M
Exercise	Common Stock	35,770	$20.97	$750K
Exercise	Common Stock	30,292	$15.83	$480K
Sale	Common Stock	13,300	$154.79	$2.06M
Sale	Common Stock	15,123	$154.78	$2.34M
Exercise Price or Tax Liability	Common Stock	16,992	$154.79	$2.63M
Sale	Common Stock	20,372	$154.99	$3.16M
Exercise Price or Tax Liability	Common Stock	20,647	$154.78	$3.20M
Exercise Price or Tax Liability	Common Stock	36,914	$154.99	$5.72M

Holdings After Transaction: Stock Option — 370,043 contracts (Direct); Common Stock — 613,632 shares (Direct)

Footnotes (3)

1. F1. This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 19, 2025, and entered into at a time when the reporting person possessed no material nonpublic information.
2. F2. These shares were withheld to cover the cost, fees, and tax obligations associated with exercise of stock options, pursuant to a 10b5-1 plan adopted by the reporting person on November 19, 2025.
3. F3. These shares were withheld to cover the cost, fees, and tax obligations associated with exercise of stock options.

FAQ

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What did Tapestry (TPR) CEO Joanne Crevoiserat report on this Form 4?

Joanne Crevoiserat reported exercising stock options for 123,348 shares and related common stock transactions. The filing includes open-market sales, tax-withholding share dispositions, and ends with direct ownership of 613,632 Tapestry shares following all reported activity on February 18, 2026.

How many Tapestry (TPR) shares did the CEO sell in the latest transactions?

The CEO sold 48,795 Tapestry common shares in open-market transactions. These sales occurred at prices around $154.79 to $154.99 per share, as part of the same reporting date as the option exercises disclosed in the Form 4 filing.

How many Tapestry (TPR) stock options did the CEO exercise?

She exercised stock options covering 123,348 shares of Tapestry common stock. The underlying options converted at exercise prices of $15.83, $20.97, and $42.31 per share, resulting in newly acquired common stock before subsequent sales and tax-withholding dispositions.

What is the CEO’s Tapestry (TPR) share ownership after these Form 4 transactions?

After all reported option exercises, sales, and tax-related share withholdings, Joanne Crevoiserat directly owns 613,632 Tapestry shares. This figure reflects her updated direct beneficial ownership as of the filing’s reported transaction date of February 18, 2026.

Were the Tapestry (TPR) CEO’s trades made under a Rule 10b5-1 plan?

Some reported transactions were executed under a Rule 10b5-1 trading plan. The plan was adopted on November 19, 2025, at a time when the CEO did not possess material nonpublic information, according to the footnotes in the Form 4 disclosure.

Why were additional Tapestry (TPR) shares disposed of aside from open-market sales?

Certain shares were withheld to cover costs, fees, and tax obligations tied to the option exercises. The Form 4 notes 74,553 shares were used for these purposes, including amounts withheld under the CEO’s Rule 10b5-1 trading plan and other tax-withholding dispositions.

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Accepted by SEC EDGAR 02/19/2026 - 06:37 PM Learn about SEC filing dates

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

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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

X

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^*

Crevoiserat Joanne C.

(Last) (First) (Middle)

10 HUDSON YARDS

(Street)

NEW YORK NY 10001

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
TAPESTRY, INC. [ TPR ]

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/18/2026

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
Common Stock(1)	02/18/2026		M		57,286	A	$42.31	670,918	D
Common Stock(1)	02/18/2026		M		35,770	A	$20.97	706,688	D
Common Stock	02/18/2026		M		30,292	A	$15.83	736,980	D
Common Stock(1)	02/18/2026		S		13,300	D	$154.79	723,680	D
Common Stock(1)	02/18/2026		S		15,123	D	$154.78	708,557	D
Common Stock(2)	02/18/2026		F		16,992	D	$154.79	691,565	D
Common Stock	02/18/2026		S		20,372	D	$154.99	671,193	D
Common Stock(2)	02/18/2026		F		20,647	D	$154.78	650,546	D
Common Stock(3)	02/18/2026		F		36,914	D	$154.99	613,632	D

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
Stock Option(1)	$15.83	02/18/2026		M			30,292	08/17/2021	08/17/2030	Common Stock	30,292	$0.0000	90,874	D
Stock Option(1)	$20.97	02/18/2026		M			35,770	08/19/2020	08/19/2029	Common Stock	35,770	$0.0000	107,311	D
Stock Option	$42.31	02/18/2026		M			57,286	08/23/2022	08/23/2031	Common Stock	57,286	$0.0000	171,858	D

Explanation of Responses:

1. This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 19, 2025, and entered into at a time when the reporting person possessed no material nonpublic information.

2. These shares were withheld to cover the cost, fees, and tax obligations associated with exercise of stock options, pursuant to a 10b5-1 plan adopted by the reporting person on November 19, 2025.

3. These shares were withheld to cover the cost, fees, and tax obligations associated with exercise of stock options.

	/s/ Emily S. Zahler, Assistant Corporate Secretary, pursuant to a power of attorney filed with the Commission	02/19/2026
	** 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.
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