Sandra Stangl - Sep 1, 2023 Form 4 Insider Report for GAP INC (GPS)

Role
Pres. & CEO, Banana Republic
Signature
By: De Anna Mekwunye, Power of Attorney For: Sandra Stangl
Stock symbol
GPS
Transactions as of
Sep 1, 2023
Transactions value $
-$59,676
Form type
4
Date filed
9/6/2023, 07:03 PM
Previous filing
Aug 9, 2023
Next filing
Dec 18, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GPS Common Stock Options Exercise $0 +14.8K +57.66% $0.00 40.5K Sep 1, 2023 Direct
transaction GPS Common Stock Tax liability -$59.7K -5.12K -12.64% $11.66 35.4K Sep 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 -14.8K -3.61% $0.00 395K Sep 1, 2023 Common Stock 14.8K $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 September 1, 2022, the reporting person was granted 59,212 restricted stock units, vesting in four equal annual installments beginning on the first anniversary of the grant date.