Kahn Todd 4

What Happened
Todd Kahn, Chief Executive Officer and Brand President of Coach at Tapestry (TPR), reported two gift transactions on May 20, 2026, disposing of a total of 1,426 shares (426 shares and 1,000 shares). Both transactions are reported as gifts (transaction code G) with a reported price of $0.00 (i.e., shares were donated, not sold), so the Form 4 shows $0 proceeds.

Key Details

• Transaction dates: 2026-05-20 (both gifts). Filing date: 2026-05-21 (timely, one day after the transactions).
• Shares: 426 shares (G) and 1,000 shares (G); aggregate = 1,426 shares. Reported price: $0.00 for each (disposition by gift).
• Shares owned after transaction: not specified in the filing.
• Footnotes: F1 — Bona fide gift; no compensation to Mr. Kahn. F2 — Represents a charitable donation of shares to a Donor Advised Fund (DAF).
• Filing timeliness: filing appears timely (filed the business day after the gifts).

Context
Gifts are disposals and are commonly used for charitable giving or estate planning; they do not necessarily indicate the insider’s view on the company’s prospects. Because the shares were donated to a Donor Advised Fund, this is a charitable transaction rather than a market sale. For retail investors, purchases by insiders tend to be more indicative of positive sentiment; gifts should be treated as personal/charitable actions unless accompanied by other trading patterns.