Joanne C. Crevoiserat - Aug 21, 2023 Form 4 Insider Report for TAPESTRY, INC. (TPR)

Role: Chief Executive Officer
Signature: /s/ Emily S. Zahler, Assistant Corporate Secretary, pursuant to a power of attorney filed with the Commission
Stock symbol: TPR
Transactions as of: Aug 21, 2023
Transactions value $: $18,471,407
Form type: 4
Date filed: 8/23/2023, 05:09 PM
Previous filing: Aug 22, 2023
Next filing: Aug 24, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TPR	Common Stock	Award	$3.85M	+91K	+26.41%	$42.31	435K	Aug 21, 2023	Direct	F1
transaction	TPR	Common Stock	Award	$2M	+59.2K	+13.59%	$33.81	494K	Aug 21, 2023	Direct	F2
transaction	TPR	Common Stock	Tax liability	-$247K	-7.45K	-1.51%	$33.16	487K	Aug 22, 2023	Direct	F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	TPR	Stock Option	Award	$12.9M	+381K		$33.81	381K	Aug 21, 2023	Common Stock	381K	$33.81	Direct	F4, F5, F6

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	These securities represent performance restricted stock units for which performance measures were certified on August 21, 2023. These securities include all dividends accumulated since the granting of the award on August 23, 2021 and will vest in full on August 23, 2024.
F2	These securities were acquired in the form of unvested restricted stock units issued under the Issuer's Stock Incentive Plan. These securities will vest in four equal tranches on the first, second, third and fourth anniversaries of the date of grant. The first tranch will vest on August 21, 2024, the second on August 21, 2025, the third on August 21, 2026 and the fourth on August 21, 2027.
F3	These shares were withheld to pay the taxes in connection with the vesting of restricted stock units.
F4	These securities were issued under the Issuer's Stock Incentive Plan.
F5	These securities will convert on a 1-for-1 basis into shares of the issuer's common stock.
F6	These service-based securities vest in four equal installments on the first, second, third and fourth anniversaries of the date of grant. The first tranch will vest on August 21, 2024, the second on August 21, 2025, the third on August 21, 2026 and the fourth on August 21, 2027.