[Form 4] Tapestry, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Todd Kahn, CEO and Brand President of Tapestry, Inc. (TPR) reported stock award and option activity. On 08/18/2025 he was issued 10,009 restricted stock units (RSUs) under the company's Stock Incentive Plan at a reported price of $99.91, bringing his beneficial ownership to 126,635 shares immediately following that grant. Those RSUs vest in four equal annual tranches on each anniversary beginning 08/18/2026 through 08/18/2029. A related stock option grant of 27,213 options (1-for-1 underlying shares) with an exercise price of $99.91 was also recorded, exercisable beginning 08/18/2026 and expiring 08/18/2035. On 08/19/2025, 1,665 shares were withheld to pay taxes related to RSU vesting, reducing his beneficial ownership to 124,970 shares. The Form 4 was signed pursuant to a power of attorney on 08/20/2025.

Positive

• Material grants recorded: 10,009 RSUs and 27,213 stock options were granted, increasing alignment of CEO compensation with shareholder value.
• Retention-focused vesting: RSUs vest in four equal annual tranches from 08/18/2026 to 08/18/2029, promoting multi-year service.

Negative

• Share withholding: 1,665 shares were withheld on 08/19/2025 to pay taxes, reducing beneficial ownership to 124,970 shares.

Insights

Financial Analyst

TL;DR: CEO received compensation via RSUs and long-dated options, with a multi-year vesting schedule indicating retention-focused awards.

The reported 08/18/2025 grant includes 10,009 RSUs and 27,213 stock options tied to the same 1-for-1 conversion into common shares. The RSUs vest in four equal annual tranches beginning August 2026, which staggers potential share issuance and aligns executive incentives with multi-year performance. The option exercisability begins one year after grant with a ten-year term, indicating a standard long-term compensation structure. The withholding of 1,665 shares on 08/19/2025 to satisfy tax obligations modestly reduced reported beneficial ownership to 124,970 shares. Overall, these transactions are routine executive compensation actions rather than operational disclosures.

Corporate Governance Expert

TL;DR: Grants follow customary incentive-plan mechanics; vesting and withholding are consistent with retention and tax compliance practices.

The Form 4 shows grants issued under the company's Stock Incentive Plan and documents service-based vesting over four years. The conversion of RSUs on a 1-for-1 basis and the simultaneous documentation of option terms are clearly stated. The filing was executed via a power of attorney, a common administrative practice. There are no disclosures of option repricing, accelerated vesting, or other governance exceptions in the provided text.

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).

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^*

Kahn Todd

(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)
	CEO and Brand President, Coach

3. Date of Earliest Transaction (Month/Day/Year)
08/18/2025

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
Common Stock(1)	08/18/2025		A		10,009	A	$99.91	126,635	D
Common Stock(2)	08/19/2025		F		1,665	D	$97.92	124,970	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(3)	$99.91(4)	08/18/2025		A		27,213		08/18/2026(5)	08/18/2035	Common Stock	27,213	$0.0000	27,213	D

Explanation of Responses:

1. These securities were acquired in the form of unvested restricted stock units issued under the Issuer's Stock Incentive Plan. These securities will vest in four equal tranches on the first, second, third and fourth anniversaries of the date of grant. The first tranch will vest on August 18, 2026, the second on August 18, 2027, the third on August 18, 2028 and the fourth on August 18, 2029.

2. These shares were withheld to pay the taxes in connection with the vesting of restricted stock units.

3. These securities were issued under the Issuer's Stock Incentive Plan.

4. These securities will convert on a 1-for-1 basis into shares of the issuer's common stock.

5. These service-based securities vest in four equal installments on the first, second, third and fourth anniversaries of the date of grant. The first tranch will vest on August 18, 2026, the second on August 18, 2027, the third on August 18, 2028 and the fourth on August 18, 2029.

	/s/ Emily S. Zahler, Assistant Corporate Secretary, pursuant to a power of attorney filed with the Commission	08/20/2025
	** 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

Who filed the Form 4 for TPR and which executive is reporting?

The Form 4 reports transactions by Todd Kahn, identified as CEO and Brand President of Tapestry, Inc., filed via power of attorney on 08/20/2025.

What awards did Todd Kahn receive on 08/18/2025?

He was issued 10,009 restricted stock units (RSUs) and recorded 27,213 stock options with an exercise price of $99.91.

What is the RSU vesting schedule specified in the filing?

The RSUs vest in four equal tranches on the first through fourth anniversaries of the grant date: 08/18/2026, 08/18/2027, 08/18/2028, and 08/18/2029.

Why did the number of shares beneficially owned change after the grant?

On 08/19/2025, 1,665 shares were withheld to pay taxes related to RSU vesting, reducing beneficial ownership from 126,635 to 124,970 shares.

When do the stock options become exercisable and when do they expire?

The options are exercisable beginning 08/18/2026 and expire on 08/18/2035.