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

Signature
By: De Anna Mekwunye, Power of Attorney For: Mark Breitbard
Stock symbol
GPS
Transactions as of
Dec 20, 2022
Transactions value $
-$177,698
Form type
4
Date filed
12/22/2022, 03:46 PM
Previous filing
May 12, 2022
Next filing
Mar 15, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GPS Common Stock Options Exercise $0 +14.5K +14.65% $0.00 113K Dec 20, 2022 Direct
transaction GPS Common Stock Tax liability -$87.5K -7.19K -6.34% $12.17 106K Dec 20, 2022 Direct
transaction GPS Common Stock Sale -$90.2K -7.31K -6.88% $12.34 99K Dec 21, 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 -14.5K -9.76% $0.00 134K Dec 20, 2022 Common Stock 14.5K $0.00 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.