It’s good to be a fashion insider.
Top execs and investors at Michael Kors — including the black-clad, baby-faced designer himself — sold more than $1.2 billion in shares as the company’s stock continues to soar.
The “Project Runway” host is cashing in nearly 4 million shares at $53 apiece — a sale in which he will personally reap more than $211 million, according to a securities filing yesterday.
Since the red-hot clothing and accessories empire went public last December at $17 a share, the stock has more than tripled as its sales of dresses, shoes and handbags have repeatedly outstripped expectations.
On Friday, the shares hit a 52-week high of $57.35 after the company raised its profit forecast.
Yesterday, they fell $2.20, or 4 percent, to close at $52.30 as the company preps another follow-on share sale.
This week’s secondary offering, slated to be completed on Friday, will cause slight dilution for current shareholders.
Michael Kors CEO John Idol is also getting in on this week’s action, cashing in 2.86 million shares for $151 million. He still holds stock worth $234 million.
But the biggest piles of chips are being cashed in by Lawrence Stroll and Silas Chou, the retailing duo that engineered the rapid growth of Michael Kors after famously building the Tommy Hilfiger brand in the 1990s.
Stroll and Chou — who, as The Post reported, have each purchased lavish, full-floor apartments atop the ritzy new One57 tower that’s opening at 157 W. 57th St. — cashed in shares for twin windfalls of $382 million apiece.
Even after this bonanza, Stroll and Chou will retain a 16.9 percent stake in the company, which has a market cap of $1.77 billion at current prices.
Kors still holds upwards of $450 million in stock.