Denise Kulikowsky, Chief People Officer of Tapestry, Inc., filed a Form 4 with the SEC on September 10, 2026, reporting a series of transactions in Tapestry common stock dated September 9, 2026, including a stock option exercise and subsequent share disposals.

Key Highlights

  • Option exercised: Kulikowsky exercised a stock option covering 6,910 shares of common stock at a conversion price of $40.58 per share on September 9, 2026.
  • Shares sold (Code S): 2,191 shares were disposed of at $115.40, followed by 3,619 shares disposed of at $115.36, on the same date.
  • Tax-related disposal: An additional 4,719 shares were disposed of at $115.40 under transaction code F, described as shares sold to cover costs and taxes associated with the option exercise.
  • Post-transaction ownership: Following all reported transactions, Kulikowsky directly beneficially owned 16,417 shares of common stock.
  • Remaining derivative securities: 13,820 stock options remain directly beneficially owned, with an exercise price of $40.58 and an expiration date of August 19, 2034.

Tapestry Executive Option Exercise and Share Disposals on September 9, 2026

According to the filing, Denise Kulikowsky, who serves as Chief People Officer of Tapestry, Inc. (NYSE:TPR), the global fashion and accessories company, executed a sequence of transactions on September 9, 2026. The first transaction, coded M, reflected the acquisition of 6,910 shares of common stock resulting from the exercise of a stock option originally granted with an exercise price of $40.58 per share. That option carries an expiration date of August 19, 2034, according to the filing's Table II.

Following the option exercise, the filing reports two open-market disposals coded S: 2,191 shares sold at $115.40 per share, reducing direct holdings to 24,755 shares, and a subsequent sale of 3,619 shares at $115.36 per share, bringing the total to 21,136 shares held directly. A further disposal of 4,719 shares at $115.40, coded F, was reported separately. The filing's Explanation of Responses states that "these shares were sold to pay for the cost of, and the taxes and fees associated with, the exercise of the derivative securities described above."

After all four transactions were completed, Kulikowsky's direct beneficial ownership in Tapestry common stock stood at 16,417 shares, as reported in Table I. In Table II, the filing shows 13,820 stock options remaining directly owned following the partial exercise. The Form 4 was signed by Emily S. Zahler, Assistant Corporate Secretary, pursuant to a power of attorney filed with the Commission.

What Was Disclosed

The filing discloses a stock option exercise of 6,910 shares at $40.58, two open-market share sales, and a tax-related share disposal by Tapestry's Chief People Officer on September 9, 2026, leaving her with 16,417 shares and 13,820 remaining options directly owned.