Tapestry (NYSE: TPR) CEO option exercise and share sale fund taxes

Rhea-AI Filing Summary

TAPESTRY, INC. CEO and Brand President, Coach, Todd Kahn exercised stock options and disposed of shares in a compensation-related transaction. He exercised 57,286 stock options for common stock at $42.31 per share, then a total of 57,286 shares of common stock were disposed of around $140.02 per share.

The transactions included 37,729 shares withheld to cover the cost, taxes and fees tied to the option exercise and an additional 19,557 shares sold in the open market. After these transactions, Kahn directly holds 123,258 shares of Tapestry common stock.

Insider Trade Summary

Net Seller: 19,557 shares ($2,738,371)

Net Sell 4 txns

Insider Kahn Todd

Role CEO and Brand President, Coach

Sold 19,557 shs ($2.74M)

Type	Security	Shares	Price	Value
Exercise	Stock Option	57,286	$0.00	--
Exercise	Common Stock	57,286	$42.31	$2.42M
Sale	Common Stock	19,557	$140.02	$2.74M
Tax Withholding	Common Stock	37,729	$140.02	$5.28M

Holdings After Transaction: Stock Option — 0 shares (Direct, null); Common Stock — 142,815 shares (Direct, null)

Footnotes (1)

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Key Figures

Options exercised: 57,286 shares Exercise price: $42.31/share Tax-related disposition: 37,729 shares at $140.02 +2 more

5 metrics

Options exercised 57,286 shares Stock options for common stock exercised at $42.31 per share on May 26, 2026

Exercise price $42.31/share Conversion price for 57,286 stock options into common stock

Tax-related disposition 37,729 shares at $140.02 Shares disposed to pay cost, taxes and fees on option exercise

Open-market sale 19,557 shares at $140.02 Common stock sold in open market or private transaction

Shares held after transactions 123,258 shares Direct Tapestry common stock ownership following all reported transactions

Key Terms

tax-withholding disposition, derivative security, Stock Option, open-market sale

4 terms

tax-withholding disposition financial

"transaction_action: "tax-withholding disposition" for 37,729 common shares"

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

derivative security financial

"transaction_code_description: "Exercise or conversion of derivative security""

A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.

Stock Option financial

"security_title: "Stock Option" with underlying common stock"

A stock option is a contract that gives you the right to buy or sell a company's stock at a specific price within a certain time frame. People use them to potentially make money if the stock's price moves favorably or to protect against losses. It's like holding a coupon that can be used to buy or sell stock at a set price later on.

open-market sale financial

"transaction_action: "open-market sale" of 19,557 common shares"

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

Form 4 Insider Transactions: What Each Field Means →

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 NEW YORK 10001

(City) (State) (Zip)

UNITED STATES

(Country)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/26/2026

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

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

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

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	05/26/2026		M		57,286	A	$42.31	142,815	D
Common Stock	05/26/2026		S		19,557	D	$140.02	123,258	D
Common Stock(1)	05/26/2026		F		37,729	D	$140.02	85,529	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	$42.31	05/26/2026		M			57,286	08/23/2022	08/23/2031	Common Stock	57,286	$0.0000	0.0000	D

Explanation of Responses:

1. These shares were sold to pay for the cost of, and the taxes and fees associated with, the exercise of the derivative securities described above.

	/s/ Emily S. Zahler, Assistant Corporate Secretary, pursuant to a power of attorney filed with the Commission	05/27/2026
	** 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.
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.
* Form 4: SEC 1474 (03-26)

FAQ

What did Tapestry (TPR) CEO Todd Kahn do in this Form 4?

Todd Kahn exercised 57,286 stock options and disposed of 57,286 common shares. Part of the shares covered the exercise cost, taxes and fees, with the remainder sold in the open market.

How many Tapestry (TPR) options did Todd Kahn exercise and at what price?

Todd Kahn exercised 57,286 stock options into Tapestry common stock at $42.31 per share. These options were derivative securities converted into common shares as part of his compensation arrangements.

How many Tapestry (TPR) shares did Todd Kahn sell and at what price?

Todd Kahn sold 19,557 Tapestry common shares at $140.02 per share in an open-market sale. This sale occurred on the same date as the related option exercise transactions.

What portion of Todd Kahn’s Tapestry (TPR) shares covered taxes and fees?

A total of 37,729 Tapestry common shares were disposed of to pay the cost and the taxes and fees associated with exercising the stock options, according to the transaction details and footnote.

How many Tapestry (TPR) shares does Todd Kahn hold after these transactions?

Following the option exercise, tax-related share withholding, and open-market sale, Todd Kahn directly holds 123,258 shares of Tapestry common stock, as reported in the post-transaction ownership figures.

Were Todd Kahn’s Tapestry (TPR) share dispositions open-market sales or tax withholding?

The filing shows both types: 37,729 shares were disposed of to cover exercise-related costs, taxes and fees, while 19,557 shares were sold in an open-market or private transaction at $140.02 per share.