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[Form 4] Tapestry, Inc. Insider Trading Activity

Filing Impact
(High)
Filing Sentiment
(Negative)
Form Type
4
Rhea-AI Filing Summary

Joanne C. Crevoiserat, CEO of Tapestry, Inc. (TPR), reported equity award and withholding transactions. On 08/18/2025 she was granted 75,068 unvested restricted stock units that vest in full on 08/18/2028 and 27,525 unvested restricted stock units that vest in four equal annual tranches starting 08/18/2026. The grants convert 1-for-1 into common shares. On 08/19/2025, 5,718 shares were withheld to cover taxes related to vesting. After the reported transactions she beneficially owned 566,895 shares. A separate option grant converted to 74,836 underlying shares exercisable beginning 08/18/2026 and expiring 08/18/2035.

Positive
  • None.
Negative
  • None.

Insights

TL;DR: CEO received time-based RSUs and an option-like award; tax withholding reduced immediate share count.

The filing documents standard executive compensation events: large time-based restricted stock unit grants and a related withholding for taxes. The RSU schedules (one cliff in 2028 and one in four annual tranches beginning 2026) align with multi-year retention incentives. The reported beneficial ownership of 566,895 shares post-transactions provides a baseline for assessing future dilution and governance voting power.

TL;DR: Material insider grants disclosed; no sales or outside-party transfers reported.

The transactions are acquisitions (codes A/F) and a tax-withholding disposition, not open-market sales. The grant prices shown ($99.91 and conversion 1-for-1) are administrative and reflect award mechanics rather than buy/sell activity. Investors can view this as routine executive compensation disclosure rather than liquidity events.

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*
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)
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 75,068 A $99.91 545,088 D
Common Stock(2) 08/18/2025 A 27,525 A $99.91 572,613 D
Common Stock(3) 08/19/2025 F 5,718 D $97.92 566,895 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(4) $99.91(5) 08/18/2025 A 74,836 08/18/2026(6) 08/18/2035 Common Stock 74,836 $0.0000 74,836 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 full on August 18, 2028.
2. 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.
3. These shares were withheld to pay the taxes in connection with the vesting of restricted stock units.
4. These securities were issued under the Issuer's Stock Incentive Plan.
5. These securities will convert on a 1-for-1 basis into shares of the issuer's common stock.
6. 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.
Tapestry Inc

NYSE:TPR

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TPR Stock Data

23.05B
206.18M
0.44%
99.31%
5.65%
Luxury Goods
Leather & Leather Products
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United States
NEW YORK