Tapestry VP receives 2,012 RSUs, net holdings 36,714 shares

Rhea-AI Filing Summary

Tapestry insider Manesh Dadlani, the company's VP, Controller and Principal Accounting Officer, received 2,012 restricted stock units (RSUs) as compensation and subsequently had 694 shares withheld for taxes. After the grant and withholding, the reporting person beneficially owned 36,714 shares

The RSUs vest in four equal annual tranches, with the first tranche vesting one year after grant and the remainder vesting annually thereafter, aligning the executive's pay with multi-year performance and retention.

Positive

• Alignment with shareholders: 2,012 RSUs vesting over four years ties the executive's pay to long-term performance
• Standard tax treatment: 694 shares withheld to cover taxes avoids cash outlay and is a common practice

Negative

• Immediate dilution of reported holdings: 694 shares were withheld, reducing beneficial ownership from 37,408 to 36,714 as reported

Insights

Securities Analyst

TL;DR: Routine executive equity grant and tax withholding; modest change in reported beneficial ownership.

The reported acquisition of 2,012 RSUs and the subsequent withholding of 694 shares to cover taxes are standard compensation events. The net change leaves the reporting person with 36,714 shares beneficially owned, which is informational but unlikely to be material to Tapestry's capitalization. The multi-year vesting schedule indicates retention intent and aligns the executive with shareholder interests over several years.

Corporate Governance Expert

TL;DR: Grant structure supports retention and alignment; disclosure is consistent with Section 16 reporting norms.

The award is issued as unvested RSUs under the company plan and vests in four equal annual tranches, a common governance practice to promote long-term alignment. Withholding shares to satisfy tax obligations is routine and reduces immediate share count but does not change the vesting rights for future tranches.

08/20/2025 - 07:29 PM

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
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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^*

Dadlani Manesh

(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)
	VP, Controller and PAO

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		2,012	A	$99.91	37,408	D
Common Stock(2)	08/19/2025		F		694	D	$97.92	36,714	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

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.

	/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

What did TPR reporting person Manesh Dadlani receive?

He was granted 2,012 restricted stock units (RSUs) under the issuer's stock incentive plan.

How many shares were withheld for taxes and at what price?

694 shares were withheld to pay taxes at a reported price of $97.92 per share.

What is the vesting schedule for the RSUs?

The RSUs vest in four equal annual tranches, with the first tranche vesting one year after the grant and the final tranche vesting in year four.

How many shares does the reporting person own after these transactions?

The filing reports beneficial ownership of 36,714 shares following the transactions.

What form of ownership was reported?

The ownership reported is direct ownership for the shares and RSUs disclosed.