Form 4: Tapestry CFO/COO Exercises Options, Sells Shares

Tapestry's CFO and COO, Scott A. Roe, reported exercising stock options, selling a portion of the acquired shares, and making a charitable gift.

Summary

• Scott A. Roe, CFO and COO of Tapestry, Inc. (TPR), reported multiple transactions on February 10 and 11, 2026.
• Exercised stock options to acquire 57,541 shares of Common Stock at an exercise price of $44.97 per share.
• Exercised additional stock options to acquire 31,095 shares of Common Stock at an exercise price of $40.58 per share.
• Sold a total of 44,290 shares of Common Stock in open market transactions at prices ranging from $152.60 to $152.64 per share.
• Disposed of 59,346 shares of Common Stock to cover the cost of, and the taxes and fees associated with, the exercise of derivative securities, at prices ranging from $152.60 to $152.64 per share.
• Made a bona fide charitable gift of 15,000 shares of Common Stock on February 11, 2026, with no compensation received.
• Following these transactions, Roe directly beneficially owns 64,782 shares of Common Stock and 93,283 derivative securities (stock options).

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a routine insider transaction involving option exercises, subsequent sales for tax/cost coverage, and a charitable gift, which doesn't inherently signal strong positive or negative sentiment about the company's future.

Positives

• The exercise of stock options indicates the insider is realizing value from their equity compensation.
• A bona fide charitable gift of 15,000 shares was made, demonstrating philanthropic activity.

Negatives

• A significant number of shares were sold, including those to cover taxes and costs associated with option exercises, and additional open market sales.

Future Outlook

This filing does not contain any forward-looking statements or guidance.

Industry Context

StockSavvy.ai notes that insider transactions, particularly sales, are often monitored by investors for insights into management's perception of future company performance. However, these sales include dispositions for tax-related purposes and a charitable gift, which are common occurrences for executives exercising options.

Stakeholder Impact

• Shareholders will observe a net reduction in the direct common stock holdings of a key executive, though the context of option exercise and tax sales provides a common explanation for such transactions.

Key Dates

Recommendation

The filing details routine insider transactions, including option exercises, sales to cover taxes and costs, and a charitable gift. While there's a net reduction in direct common stock holdings, the context does not provide sufficient information to warrant a change in investment stance based solely on these transactions.

Keywords

Tapestry, TPR, Scott A. Roe, CFO, COO, Insider Trading, Stock Options, Share Sale, Form 4, SEC Filing, Beneficial Ownership