CEO Sells $2.7M in Open Market After Option Exercise
TPR sits 80% above its 52-week low of $76.92.
Summary
Tapestry's CEO, Todd Kahn, sold $2.7 million worth of common stock in an open market transaction after exercising options, signaling profit-taking.
Key Events · Ownership and Investor Activity · TPR
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CEO Option Exercise
Todd Kahn, CEO and Brand President of Coach, exercised options to acquire 57,286 shares of common stock at an exercise price of $42.31 per share, totaling $2,423,770.66.
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Open Market Sale
Immediately following the option exercise, Mr. Kahn sold 19,557 shares in an open market transaction at $140.02 per share, generating proceeds of $2,738,371.14.
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Tax Withholding Sale
An additional 37,729 shares were sold at $140.02 per share, totaling $5,282,814.58, to cover tax obligations associated with the option exercise.
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Full Disposition of Acquired Shares
All 57,286 shares acquired through the option exercise were immediately disposed of through a combination of open market sales and sales for tax withholding.
Analysis · TPR · Manufacturing
CEO Todd Kahn exercised stock options and immediately sold all the acquired shares, including an open market sale of $2.7 million. While a portion covered taxes, the additional open market sale represents a significant cash-out event by a key executive, indicating profit-taking rather than increased conviction in the company's stock at current levels.
How filings like this one have moved
In the 30 days to Sep 12, 2026, 29.9% of the 1944 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.15%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, TPR was trading at $138.83 on NYSE in the Manufacturing sector, with a market capitalization of approximately $28B. The 52-week trading range was $76.92 to $161.97. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.