Bob L. Martin - Aug 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
Aug 1, 2023
Transactions value $
-$1,366,635
Form type
4
Date filed
8/3/2023, 07:26 PM
Previous filing
Jun 5, 2023
Next filing
Aug 24, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GPS Common Stock Options Exercise $0 +292K +72.89% $0.00 693K Aug 1, 2023 Direct
transaction GPS Common Stock Tax liability -$1.37M -129K -18.57% $10.62 564K Aug 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 -292K -34.56% $0.00 553K Aug 1, 2023 Common Stock 292K $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 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.