Tapestry CEO exercises options, sells 19,557 shares
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Form Type
4
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
Exercise and sale activity reported; no spread calculated
Exercise and Sale
4 txns
Insider
Kahn Todd
Role
CEO and Brand President, Coach
Sold
19,557 shs ($2.74M)
Approx. gross sale proceeds
$2.74M
Approx. exercise cost
$2.42M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option | 57,286 | $0.00 | $0.00 |
| Exercise | Common Stock | 57,286 | $42.31 | $2.42M |
| Sale | Common Stock | 19,557 | $140.02 | $2.74M |
| Exercise Price or Tax Liability | Common Stock | 37,729 | $140.02 | $5.28M |
Holdings After Transaction:
Stock Option — 0 contracts (Direct);
Common Stock — 85,529 shares (Direct)
Footnotes (1)
- F1. 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.
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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