Form 4: Tapestry Officer Sells Shares Under 10b5-1 Plan

Manesh Dadlani, VP, Controller and PAO of Tapestry, Inc., sold 7,882 shares of common stock at $99.05 per share as part of a pre-arranged trading plan.

Summary

• Manesh Dadlani, Tapestry's VP, Controller and PAO, disposed of 7,882 shares of common stock.
• The transaction occurred on August 25, 2025, at a price of $99.05 per share.
• Following the sale, Mr. Dadlani directly beneficially owns 21,098 shares of Tapestry common stock.
• The transaction was made pursuant to a Rule 10b5-1(c) pre-arranged trading plan.

Sentiment

Score: 6

Explanation: The sale by an officer is generally a neutral to slightly negative signal, but the execution under a Rule 10b5-1 plan mitigates concerns about opportunistic trading, making it more of a routine, pre-planned event.

Positives

• The transaction was conducted under a Rule 10b5-1(c) plan, indicating a pre-scheduled sale not based on immediate insider information.

Negatives

• An insider sale, even under a 10b5-1 plan, can sometimes be perceived as a lack of confidence, though this is mitigated by the pre-planned nature.

Future Outlook

NA

Industry Context

NA

Corporate Governance

Stakeholder Impact

• Shareholders: Minor impact; a routine insider sale under a 10b5-1 plan typically does not signal significant changes in company prospects.

Key Dates

Recommendation

This Form 4 filing reports a routine insider stock sale executed under a pre-arranged 10b5-1 plan. Such transactions are typically for personal financial planning or diversification and do not usually indicate a change in the company's fundamental outlook or warrant a change in investment recommendation based solely on this information.

Keywords

Tapestry, TPR, Insider Sale, Form 4, Manesh Dadlani, 10b5-1 Plan, Officer Transaction, Common Stock