Tracy Gardner - Jun 30, 2023 Form 4 Insider Report for GAP INC (GPS)

Role
Director
Signature
By: JoAnne Zinman, Power of Attorney For: Tracy Gardner
Stock symbol
GPS
Transactions as of
Jun 30, 2023
Transactions value $
$0
Form type
4
Date filed
7/5/2023, 05:53 PM
Previous filing
Jun 22, 2023
Next filing
Jul 1, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GPS Common Stock Options Exercise $0 +12.7K +36.75% $0.00 47.2K Jun 30, 2023 Direct
transaction GPS Common Stock Options Exercise $0 +1.79K +3.8% $0.00 49K Jun 30, 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 Dividend Equivalent Rights Award $0 +2.66K +222.51% $0.00 3.85K Jun 30, 2023 Common Stock 2.66K $0.00 Direct F1, F2, F3
transaction GPS Dividend Equivalent Rights Options Exercise $0 -1.79K -46.54% $0.00 2.06K Jun 30, 2023 Common Stock 1.79K $0.00 Direct F1, F3, F4
transaction GPS Stock Units Award $0 +19K +49.62% $0.00 57.4K Jun 30, 2023 Common Stock 19K $0.00 Direct F3, F5, F6
transaction GPS Stock Units Options Exercise $0 -12.7K -22.09% $0.00 44.7K Jun 30, 2023 Common Stock 12.7K $0.00 Direct F3, F5, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each dividend equivalent right is the economic equivalent of one share of Gap Inc. common stock.
F2 The dividend equivalent rights accrued on stock units originally granted on June 30, 2020, June 30, 2021, and June 30, 2022, and are immediately vested. Vested shares are delivered to the reporting person no sooner than three years from the date of grant, unless further deferred, or immediately upon cessation of service as a member of the Board, if earlier.
F3 Not applicable.
F4 These shares were issued in settlement of dividend equivalent rights accrued on stock units granted on June 30, 2020.
F5 Each stock unit represents a contingent right to receive one share of Gap Inc. common stock.
F6 Each stock unit is immediately vested. However, delivery of the shares is deferred until three years from the date of grant, unless further deferred, or immediately upon cessation of service as a member of the Board, if earlier.
F7 These shares were issued in settlement of stock units granted on June 30, 2020.