Asheesh Saksena - 11 Jan 2023 Form 4 Insider Report for GAP INC (GAP)

Role
Chief Growth Officer
Signature
By: De Anna Mekwunye, Power of Attorney For: Asheesh Saksena
Issuer symbol
GAP
Transactions as of
11 Jan 2023
Net transactions value
-$200,388
Form type
4
Filing time
12 Jan 2023, 17:30:29 UTC
Previous filing
16 Mar 2022
Next filing
25 Feb 2025
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 +44,663 +130% $0.000000 78,954 11 Jan 2023 Direct
transaction GPS Common Stock Tax liability $200,388 -16,031 -20% $12.50 62,923 11 Jan 2023 Direct

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 -44,663 -30% $0.000000 103,218 11 Jan 2023 Common Stock 44,663 $0.000000 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 January 11, 2021, the reporting person was granted 133,988 restricted stock units, vesting in three equal annual installments beginning on the first anniversary of the grant date.