[Form 4] Tapestry, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Tapestry insider equity activity: Howard David E, listed as General Counsel & Secretary, acquired 3,753 shares as unvested restricted stock units (RSUs) on 08/18/2025 at a reported value of $99.91 per share. Those RSUs vest in four equal annual tranches beginning 08/18/2026 through 08/18/2029. On 08/19/2025, 1,388 shares were withheld to satisfy tax withholding related to RSU vesting, reducing reported beneficial ownership.

The filing also reports a grant of 10,205 service-based stock options exercisable from 08/18/2026 with an exercise price tied to $99.91 and an expiration in 2035. Following these transactions, the reporting person beneficially owned 41,243 shares.

Positive

• Grant of unvested RSUs totaling 3,753 shares aligns executive compensation with multi-year retention through 2029
• Issuance of 10,205 stock options with exercise price tied to $99.91 and long expiration to 2035 supports long-term incentive alignment

Negative

• 1,388 shares withheld to satisfy taxes, reducing immediate beneficial ownership
• Reported beneficial ownership declined to 41,243 shares after withholding (from 42,631 prior to tax withholding)

Insights

Financial Analyst

TL;DR: Routine executive equity grant and tax withholding; modest change in ownership, primarily compensation-related.

The Form 4 documents a standard equity compensation event: an RSU grant of 3,753 shares and issuance of 10,205 stock options, with scheduled annual vesting and a long-dated expiration to 2035. The withholding of 1,388 shares for taxes is an administrative outcome of vesting. The transactions do not indicate change in strategic control or debt/equity financing; they are consistent with executive compensation practices and only modestly alter beneficial ownership (reported 41,243 shares after transactions).

Corporate Governance Expert

TL;DR: Governance-normal equity award; vesting schedule aligns executive incentives with multi-year retention.

The award is service-based with four-year pro-rata vesting, a common retention mechanism. The combination of RSUs and long-dated options aligns the officer’s interests with long-term shareholder value while spreading tax impact via share withholding. No departures, policy changes, or related-party transactions are disclosed. Documentation includes a power of attorney signature, indicating proper administrative filing.

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

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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^*

Howard David E

(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)
	General Counsel & Secretary

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		3,753	A	$99.91	42,631	D
Common Stock(2)	08/19/2025		F		1,388	D	$97.92	41,243	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		10,205		08/18/2026(5)	08/18/2035	Common Stock	10,205	$0.0000	10,205	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).
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FAQ

What transactions did Howard David E report on TPR Form 4?

He acquired 3,753 RSUs on 08/18/2025 and had 1,388 shares withheld for taxes on 08/19/2025; he also received 10,205 stock options.

How do the RSUs vest for the Tapestry grant reported on Form 4?

The RSUs vest in four equal tranches on the first, second, third and fourth anniversaries of the 08/18/2025 grant (first tranche 08/18/2026).

What is the exercise price and expiration for the options reported?

The options have a conversion/exercise basis of $99.91 and an expiration date of 08/18/2035; they become exercisable beginning 08/18/2026.

How many shares did the reporting person beneficially own after these transactions?

Following the transactions, the reporting person beneficially owned 41,243 shares.

Why were shares withheld in the Form 4 filing for TPR?

1,388 shares were withheld to pay taxes in connection with the vesting of restricted stock units, as stated in the filing.

Does the Form 4 indicate any change in control or related-party transactions for Tapestry?

No. The filing discloses routine compensation-related transactions; it does not report changes in control or related-party deals.