John D. Idol - Jun 14, 2023 Form 4 Insider Report for Capri Holdings Ltd (CPRI)

Role: Chairman & CEO, Director
Signature: /s/ Krista A. McDonough, as Attorney-in-Fact for John D. Idol
Stock symbol: CPRI
Transactions as of: Jun 14, 2023
Transactions value $: -$3,407,286
Form type: 4
Date filed: 6/16/2023, 03:33 PM
Previous filing: Mar 17, 2023
Next filing: Jun 22, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CPRI	Ordinary shares, no par value	Options Exercise	$723K	+14.5K	+1.5%	$49.88	982K	Jun 14, 2023	Direct	F1, F2
transaction	CPRI	Ordinary shares, no par value	Options Exercise	$0	+112K	+11.42%	$0.00	1.09M	Jun 15, 2023	Direct	F2, F3
transaction	CPRI	Ordinary shares, no par value	Tax liability	-$2.01M	-54.6K	-4.99%	$36.82	1.04M	Jun 15, 2023	Direct	F2, F4
transaction	CPRI	Ordinary shares, no par value	Options Exercise	$0	+49.3K	+4.74%	$0.00	1.09M	Jun 15, 2023	Direct	F2, F3
transaction	CPRI	Ordinary shares, no par value	Tax liability	-$884K	-24K	-2.21%	$36.82	1.06M	Jun 15, 2023	Direct	F2, F4
transaction	CPRI	Ordinary shares, no par value	Options Exercise	$0	+28.5K	+2.68%	$0.00	1.09M	Jun 15, 2023	Direct	F2, F3
transaction	CPRI	Ordinary shares, no par value	Tax liability	-$511K	-13.9K	-1.27%	$36.82	1.08M	Jun 15, 2023	Direct	F2, F4
holding	CPRI	Ordinary shares, no par value						1M	Jun 14, 2023	Held by John D. Idol 2023 GRAT
holding	CPRI	Ordinary shares, no par value						150K	Jun 14, 2023	Held by John D. Idol 2013 GRAT #1
holding	CPRI	Ordinary shares, no par value						150K	Jun 14, 2023	Held by John D. Idol 2013 GRAT #2

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	CPRI	Employee share option (right to buy)	Options Exercise	-$723K	-14.5K	-100%	$49.88	0	Jun 14, 2023	Ordinary shares, no par value	14.5K	$49.88	Direct	F5
transaction	CPRI	Restricted share units	Options Exercise	$0	-112K	-100%	$0.00^*	0	Jun 15, 2023	Ordinary shares, no par value	112K	$0.00	Direct	F6, F7, F8
transaction	CPRI	Restricted share units	Options Exercise	$0	-49.3K	-50%	$0.00	49.3K	Jun 15, 2023	Ordinary shares, no par value	49.3K	$0.00	Direct	F7, F8, F9
transaction	CPRI	Restricted share units	Options Exercise	$0	-28.5K	-33.33%	$0.00	57K	Jun 15, 2023	Ordinary shares, no par value	28.5K	$0.00	Direct	F7, F8, F10
transaction	CPRI	Restricted share units	Award	$0	+115K		$0.00	115K	Jun 15, 2023	Ordinary shares, no par value	115K	$0.00	Direct	F7, F8, F11
holding	CPRI	Restricted share units						26.4K	Jun 14, 2023	Ordinary shares, no par value	26.4K	$0.00	Direct	F7, F8, F12
holding	CPRI	Employee share option (right to buy)						61.2K	Jun 14, 2023	Ordinary shares, no par value	61.2K	$67.52	Direct	F5

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

Explanation of Responses:

Id	Content
F1	Represents the exercise of share options that would otherwise expire on June 15, 2023.
F2	This amount excludes 54,600 ordinary shares, no par value, held by the Idol Family Foundation. The reporting person may be deemed to have beneficial ownership of the shares held by the Idol Family Foundation but does not have a pecuinary interest in such shares.
F3	Represents settlement of restricted share units ("RSUs") through the issuance of one ordinary share for each vested RSU.
F4	Represents shares withheld by the Company to cover tax withholding obligations upon vesting.
F5	Immediately exercisable.
F6	Granted on June 15, 2020 pursuant to the Capri Holdings Limited Third Amended and Restated Incentive Plan (the "Incentive Plan"). The securities underlying the total number of RSUs originally granted vest 1/3 each year on June 15, 2021, 2022, and 2023, respectively, subject to grantee's continued employment with the Company through the vesting date unless the grantee dies, becomes permanently disabled or is retirement eligible under the Incentive Plan.
F7	The RSUs do not expire.
F8	Settlement of this award will be satisfied through the issuance of one ordinary share for each vested RSU.
F9	Granted on June 15, 2021 pursuant to the Incentive Plan. The securities underlying the total number of RSUs originally granted vest 1/3 each year on June 15, 2022, 2023, and 2024, respectively, subject to grantee's continued employment with the Company through the vesting date unless the grantee dies, becomes permanently disabled or is retirement eligible under the Incentive Plan.
F10	Granted on June 15, 2022 pursuant to the Incentive Plan. The securities underlying the total number of RSUs originally granted vest 1/3 each year on June 15, 2023, 2024, and 2025, respectively, subject to grantee's continued employment with the Company through the vesting date unless the grantee dies, becomes permanently disabled or is retirement eligible under the Incentive Plan.
F11	Granted on June 15, 2023 pursuant to the Incentive Plan. The securities underlying the total number of RSUs originally granted vest 25% each year on June 15, 2024, 2025, 2026 and 2027, respectively, subject to grantee's continued employment with the Company through the vesting date unless the grantee dies, becomes permanently disabled or is retirement eligible under the Incentive Plan.
F12	Granted on June 17, 2019 pursuant to the Incentive Plan. The securities underlying the total number of RSUs originally granted vest 25% each year on June 15, 2020, 2021, 2022, and 2023, respectively, subject to grantee's continued employment with the Company through the vesting date unless the grantee dies, becomes permanently disabled or is retirement eligible under the Incentive Plan.