Tapestry (NYSE: TPR) director exercises 8,914 options, sells shares to pay costs

Rhea-AI Filing Summary

Tapestry, Inc. director Anne Gates reported an option exercise and related share sales. On 02/10/2026 she exercised stock options for 8,914 shares of common stock at $41.65, then disposed of 2,416 shares at $153.79 to cover exercise costs and sold 6,498 shares at $153.79, leaving 22,698 shares held directly.

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^*

Gates Anne

(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)
02/10/2026

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	02/10/2026		M		8,914	A	$41.65	31,612	D
Common Stock(1)	02/10/2026		F		2,416	D	$153.79	29,196	D
Common Stock	02/10/2026		S		6,498	D	$153.79	22,698	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	$41.65	02/10/2026		M			8,914	12/05/2018	12/05/2027	Common Stock	8,914	$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	02/12/2026
	** 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 insider transaction did Tapestry (TPR) director Anne Gates report?

Anne Gates reported exercising stock options and selling shares. She converted 8,914 options into common stock, then disposed of 2,416 shares and sold 6,498 shares on February 10, 2026, as part of managing the costs of the option exercise.

How many Tapestry (TPR) options did Anne Gates exercise and at what price?

Anne Gates exercised 8,914 Tapestry stock options at an exercise price of $41.65 per share. These options were granted in 2018 and converted into an equal number of common shares before subsequent share dispositions on February 10, 2026.

At what price were Anne Gates’ Tapestry (TPR) shares sold on February 10, 2026?

The reported Tapestry share sales by Anne Gates occurred at $153.79 per share. This price applied both to 2,416 shares disposed of to cover exercise costs and to 6,498 additional common shares sold in an open-market transaction that same day.

Why were some of Anne Gates’ Tapestry (TPR) shares sold after the option exercise?

The filing states the shares were sold to pay the cost of, and fees associated with, exercising the derivative securities. This means part of the newly acquired stock was sold specifically to cover the option exercise price and related transaction expenses.

How many Tapestry (TPR) shares does Anne Gates own after these transactions?

Following the February 10, 2026 transactions, Anne Gates beneficially owns 22,698 Tapestry common shares directly. This figure reflects the option exercise, the shares sold to cover costs, and the separate open-market sale reported in the Form 4 filing.

What do the transaction codes M, F, and S mean in Anne Gates’ Tapestry (TPR) filing?

Code M indicates an option exercise converting derivatives into common stock. Code F records shares withheld or delivered to pay exercise costs or taxes. Code S represents an open-market or private sale of common shares, as reported for Anne Gates’ February 10, 2026 transactions.