Gurmeet Singh - Aug 1, 2023 Form 4 Insider Report for GAP INC (GPS)

Role
Chief Digital & Tech Officer
Signature
By: De Anna Mekwunye, Power of Attorney For: Gurmeet Singh
Stock symbol
GPS
Transactions as of
Aug 1, 2023
Transactions value $
-$475,086
Form type
4
Date filed
8/3/2023, 07:27 PM
Previous filing
Apr 10, 2023
Next filing
Mar 14, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GPS Common Stock Options Exercise $0 +135K $0.00 135K Aug 1, 2023 Direct
transaction GPS Common Stock Tax liability -$475K -44.7K -33.18% $10.62 90.1K 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 -135K -46.82% $0.00 153K Aug 1, 2023 Common Stock 135K $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 202,247 restricted stock units, vesting in 134,832 shares on the first anniversary of the grant date and vesting in 67,415 shares on the second anniversary of the grant date.