Bob L. Martin - Aug 1, 2022 Form 4 Insider Report for GAP INC (GPS)

Role
Interim CEO & Exec Chairman, Director
Signature
By: JoAnne Zinman, Power of Attorney For: Bob L. Martin
Stock symbol
GPS
Transactions as of
Aug 1, 2022
Transactions value $
$0
Form type
4
Date filed
8/3/2022, 06:06 PM
Previous filing
Jul 5, 2022
Next filing
Nov 2, 2022

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction GPS Restricted Stock Unit Award $0 +292K +114.61% $0.00 547K Aug 1, 2022 Common Stock 292K $0.00 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive one share of Gap Inc. Common Stock.
F2 On August 1, 2022, Mr. Martin received an award of 292,134 restricted stock units, representing Mr. Martin's long-term equity incentive award for July 2022 and the third quarter of 2022. The restricted stock units will vest 100% on the one-year anniversary of the grant date, subject to Mr. Martin's continued service as an employee, director or consultant for the Company.