Tapestry (TPR) insider gift: 1,000 shares donated, holdings now 20,098
Tapestry, Inc. (TPR) reporting person Manesh Dadlani, listed as VP, Controller and PAO, reported a non-derivative transaction dated 09/04/2025.
Rhea-AI Filing Summary
Tapestry, Inc. (TPR) reporting person Manesh Dadlani, listed as VP, Controller and PAO, reported a non-derivative transaction dated 09/04/2025. The filing shows a transaction coded "G" for a gift of 1,000 shares of Tapestry common stock to a Donor Advised Fund, at a reported price of $0.0000. After the gift, the reporting person beneficially owns 20,098 shares. The Form 4 was signed on behalf of the reporting person by Emily S. Zahler under a power of attorney on 09/05/2025. The filing discloses the charitable nature of the transfer and the resulting change in beneficial ownership.
Positive
- Charitable transfer disclosed: The filing explicitly states the 1,000-share transfer was a gift to a Donor Advised Fund.
- Complete post-transaction ownership reported: The report shows the reporting person now beneficially owns 20,098 shares.
- Signature provided under power of attorney: The form is signed by the Assistant Corporate Secretary, indicating proper execution.
Negative
- Decrease in beneficial ownership: The reporting person disposed of 1,000 shares, reducing reported holdings.
- No monetary proceeds disclosed: Price shown as $0.0000, consistent with a gift, meaning no cash consideration was received.
Insights
TL;DR: Insider reported a charitable gift of 1,000 TPR shares, reducing beneficial ownership to 20,098 shares.
The Form 4 documents a Section 16 transaction executed as a gift (code G) on 09/04/2025 and subsequently reported on 09/05/2025 by an authorized signatory. This is a routine disclosure that clarifies the reporting person's current stake after the transfer. No derivative instruments or additional compensatory transactions are reported, and the filing specifies the transfer was to a Donor Advised Fund.
TL;DR: Governance disclosure appears complete: gift documented, remaining ownership disclosed, signature provided under power of attorney.
The report includes the required details for a non-derivative gift transaction: transaction code, share amount, resulting beneficial ownership, and an explanatory note identifying the recipient as a Donor Advised Fund. The Form 4 was executed by the Assistant Corporate Secretary under a power of attorney, satisfying signature requirements. No additional governance concerns or corrective amendments are indicated within the filing.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 1,000 | $0.00 | $0.00 |
Footnotes (1)
- F1. Represents a charitable donation of shares to a Donor Advised Fund.
FAQ
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What did Manesh Dadlani report on the Form 4 for TPR?
Who signed the Form 4 and when was it signed?
Was this a sale or a gift according to the transaction code?
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