Bob L. Martin - 01 Aug 2023 Form 4 Insider Report for GAP INC (GAP)

Role: Interim CEO & Exec Chairman, Director
Signature: By: De Anna Mekwunye, Power of Attorney For: Bob L. Martin
Issuer symbol: GAP
Transactions as of: 01 Aug 2023
Net transactions value: -$1,366,635
Form type: 4
Filing time: 03 Aug 2023, 19:26:36 UTC
Previous filing: 05 Jun 2023
Next filing: 24 Aug 2023
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	+292,134	+73%	$0.000000	692,927	01 Aug 2023	Direct
transaction	GPS	Common Stock	Tax liability	$1,366,635	-128,685	-19%	$10.62	564,242	01 Aug 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	-292,134	-35%	$0.000000	553,211	01 Aug 2023	Common Stock	292,134	$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 August 1, 2022, the reporting person was granted 292,134 restricted stock units, vesting in full 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.