Chris Blakeslee - Aug 7, 2023 Form 4 Insider Report for GAP INC (GPS)

Role
President & CEO, Athleta
Signature
By: De Anna Mekwunye, Power of Attorney For: Chris Blakeslee
Stock symbol
GPS
Transactions as of
Aug 7, 2023
Transactions value $
$0
Form type
4
Date filed
8/9/2023, 05:51 PM
Next filing
Mar 20, 2024

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 Award $0 +442K $0.00 442K Aug 7, 2023 Common Stock 442K $0.00 Direct F1, F2
transaction GPS Restricted Stock Unit Award $0 +77.1K +17.44% $0.00 519K Aug 7, 2023 Common Stock 77.1K $0.00 Direct F1, F3
* 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 7, 2023, the reporting person was granted 441,932 restricted stock units, vesting fifty percent of the total grant on the first anniversary of the grant date, thirty percent vesting on the second anniversary of the grant date, and the remaining twenty percent vesting on the third anniversary of the grant date.
F3 On August 7, 2023, the reporting person was granted 77,081 restricted stock units, vesting in four equal annual installments beginning on the first anniversary of the grant date.