RICHARD DICKSON - 22 Aug 2023 Form 4 Insider Report for GAP INC (GAP)

Signature
By: De Anna Mekwunye, Power of Attorney For: Richard Dickson
Issuer symbol
GAP
Transactions as of
22 Aug 2023
Net transactions value
$0
Form type
4
Filing time
24 Aug 2023, 18:58:04 UTC
Previous filing
04 Aug 2023
Next filing
13 Nov 2023

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 +438,596 $0.000000 438,596 22 Aug 2023 Common Stock 438,596 $0.000000 Direct F1, F2
transaction GPS Restricted Stock Unit Award $0 +466,008 +106% $0.000000 904,604 22 Aug 2023 Common Stock 466,008 $0.000000 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 22, 2023, the reporting person was granted 438,596 restricted stock units, vesting in four equal annual installments beginning on the first anniversary of the grant date.
F3 On August 22, 2023, the reporting person was granted 466,008 restricted stock units, vesting fifty percent of the total grant on the first anniversary of the grant date, twenty-five percent on the second anniversary of the grant date, and the remaining twenty-five percent on the third anniversary of the grant date.