Bob L. Martin - Jun 1, 2023 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
Jun 1, 2023
Transactions value $
-$762,849
Form type
4
Date filed
6/5/2023, 06:11 PM
Previous filing
May 26, 2023
Next filing
Aug 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GPS Common Stock Options Exercise $0 +255K +106.06% $0.00 495K Jun 1, 2023 Direct
transaction GPS Common Stock Tax liability -$763K -94.4K -19.07% $8.08 401K Jun 1, 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 -255K -23.17% $0.00 845K Jun 1, 2023 Common Stock 255K $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 June 1, 2022, the reporting person was granted 254,885 restricted stock units, vesting in full on the first anniversary of the grant date. Pursuant to the terms of the grant agreement, the shares issued upon vesting are subject to an additional two-year holding requirement.