Bob L. Martin - May 1, 2023 Form 4 Insider Report for GAP INC (GPS)

Role
Interim CEO & Exec Chairman, Director
Signature
By: De Anna Mekwunye, Power of Attorney For: Bob L. Martin
Stock symbol
GPS
Transactions as of
May 1, 2023
Transactions value $
$0
Form type
4
Date filed
5/3/2023, 05:13 PM
Previous filing
Feb 1, 2023
Next filing
May 26, 2023

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 +202K +22.53% $0.00 1.1M May 1, 2023 Common Stock 202K $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 May 1, 2023, Mr. Martin received an award of 202,282 restricted stock units, representing Mr. Martin's long-term equity incentive award for the second quarter of 2023. 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.