IDOL JOHN D 4

What Happened

• John D. Idol, Chairman & CEO and a director of Capri Holdings (CPRI), reported two gift transactions on 2026-03-13: a disposition of 1,000,000 ordinary shares and an acquisition of 1,000,000 ordinary shares, both at $0.00 (total value $0) — effectively reflecting gifts to a grantor retained annuity trust (GRAT) for the benefit of his children.
• Because Mr. Idol is the grantor (but not the trustee) of the GRAT, he retains a pecuniary interest and may still be deemed to beneficially own the shares held by the GRAT; the filing therefore reports both the transfer and the continued beneficial interest.

Key Details

• Transaction date: March 13, 2026; Report filed: March 16, 2026.
• Reported amounts: 1,000,000 shares disposed and 1,000,000 shares acquired; reported dollar price $0.00 (gift).
• Shares owned after transaction: the filing does not list a specific post-transaction direct holding total; footnote F1 states he may be deemed to beneficially own the shares in the GRAT. Footnote F2 notes exclusion of 54,600 shares held by the Idol Family Foundation (which he may be deemed to beneficially own but has no pecuniary interest in).
• Other notes from the filing: several outstanding RSU grants with multi-year vesting schedules are detailed (see footnotes F3–F7); RSUs settle one-for-one into ordinary shares when vested.
• Filing timeliness: filing dated March 16, 2026, reporting transactions of March 13, 2026; the filing itself does not state it was late.

Context

• Gifts to family trusts (like GRATs) are estate-planning transactions and generally do not signal an insider’s bullish or bearish view of the company’s stock price.
• Because Mr. Idol is the grantor of the GRAT and retains a pecuniary interest, the filing reports both the transfer and continued beneficial interest — a technical reporting outcome rather than a straightforward sale or purchase.