Mark Breitbard - 20 Dec 2022 Form 4 Insider Report for GAP INC (GAP)

Role
President & CEO, Gap Brand
Signature
By: De Anna Mekwunye, Power of Attorney For: Mark Breitbard
Issuer symbol
GAP
Transactions as of
20 Dec 2022
Net transactions value
-$177,698
Form type
4
Filing time
22 Dec 2022, 15:46:16 UTC
Previous filing
12 May 2022
Next filing
15 Mar 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GPS Common Stock Options Exercise $0 +14,500 +15% $0.000000 113,480 20 Dec 2022 Direct
transaction GPS Common Stock Tax liability $87,490 -7,189 -6.3% $12.17 106,291 20 Dec 2022 Direct
transaction GPS Common Stock Sale $90,208 -7,311 -6.9% $12.34 98,980 21 Dec 2022 Direct F1, F2

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 Options Exercise $0 -14,500 -9.8% $0.000000 134,056 20 Dec 2022 Common Stock 14,500 $0.000000 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sale reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 29, 2022.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.12 to $12.52, inclusive. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected.
F3 Each restricted stock unit represents a contingent right to receive one share of Gap Inc. Common Stock.
F4 On December 20, 2019, the reporting person was granted 29,000 restricted stock units, vesting in two equal annual installments beginning on the second anniversary of the grant date.