Tapestry (NYSE: TPR) director exercises options and sells shares for costs

Rhea-AI Filing Summary

Tapestry, Inc. director Thomas Greco reported multiple stock option exercises and related share movements on February 17, 2026. He exercised stock options for 5,523, 6,822 and 6,117 shares, receiving common stock at exercise prices of $34.98, $29.63 and $41.82 per share. To cover taxes, 1,175, 1,496 and 1,546 shares of common stock were disposed of in tax-withholding transactions at $154.44 per share. He also sold 4,027, 4,942 and 5,276 shares of common stock at $154.44 per share, and a footnote states these shares were sold to pay the cost and fees of the option exercises. After all transactions, he directly owned 21,302 shares of Tapestry common stock.

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^*

Greco Thomas

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
02/17/2026

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	02/17/2026		M		6,822	A	$34.98	28,124	D
Common Stock	02/17/2026		M		6,117	A	$29.63	34,241	D
Common Stock	02/17/2026		M		5,523	A	$41.82	39,764	D
Common Stock(1)	02/17/2026		F		1,175	D	$154.44	38,589	D
Common Stock(1)	02/17/2026		F		1,496	D	$154.44	37,093	D
Common Stock(1)	02/17/2026		F		1,546	D	$154.44	35,547	D
Common Stock	02/17/2026		S		4,027	D	$154.44	31,520	D
Common Stock	02/17/2026		S		4,942	D	$154.44	26,578	D
Common Stock	02/17/2026		S		5,276	D	$154.44	21,302	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	$41.82	02/17/2026		M			5,523	11/03/2022	11/03/2031	Common Stock	5,523	$0.0000	0.0000	D
Stock Option	$34.98	02/17/2026		M			6,822	11/15/2023	11/15/2032	Common Stock	6,822	$0.0000	0.0000	D
Stock Option	$29.63	02/17/2026		M			6,117	12/09/2021	12/09/2030	Common Stock	6,117	$0.0000	0.0000	D

Explanation of Responses:

1. These shares were sold to pay the cost of, and the 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	02/18/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What did Thomas Greco report in his latest Form 4 for Tapestry (TPR)?

Thomas Greco reported exercising several Tapestry stock options and related common stock transactions on February 17, 2026. He converted options into common shares, then completed tax-withholding dispositions and additional sales, ending with direct ownership of 21,302 Tapestry common shares after all movements.

How many Tapestry (TPR) shares did Thomas Greco sell on February 17, 2026?

Thomas Greco sold 14,245 Tapestry common shares in open-market transactions on February 17, 2026. These sales came in three blocks of 4,027, 4,942 and 5,276 shares, each executed at a reported price of $154.44 per share according to the Form 4 data.

Why were some of Thomas Greco’s Tapestry (TPR) shares sold according to the Form 4 footnote?

The footnote explains that certain Tapestry shares were sold to pay the cost of, and the fees associated with, exercising derivative securities. This indicates those sales were tied to funding the stock option exercises rather than being purely discretionary share disposals.

How many Tapestry (TPR) shares does Thomas Greco own after these transactions?

After completing the stock option exercises, tax-withholding dispositions and open-market sales, Thomas Greco directly owns 21,302 Tapestry common shares. This ending balance is reported in the Form 4 as the total shares held following the final listed transaction on February 17, 2026.

What stock options did Thomas Greco exercise in Tapestry (TPR) on February 17, 2026?

He exercised three Tapestry stock option grants covering 5,523, 6,822 and 6,117 shares. The related common stock entries show exercise prices of $34.98, $29.63 and $41.82 per share, converting these derivative positions into directly held Tapestry common stock.

What tax-related transactions did Thomas Greco report for Tapestry (TPR) shares?

He reported three tax-withholding dispositions of Tapestry common stock, involving 1,175, 1,496 and 1,546 shares. These transactions, coded “F” and priced at $154.44 per share, satisfied tax obligations associated with the stock option exercises disclosed in the same Form 4.