Sarah Gilligan - Sep 14, 2023 Form 4 Insider Report for GAP INC (GPS)

Role
EVP Sup Chn, Strat & Transform
Signature
By: De Anna Mekwunye, Power of Attorney For: Sarah Gilligan
Stock symbol
GPS
Transactions as of
Sep 14, 2023
Transactions value $
-$68,204
Form type
4
Date filed
9/18/2023, 06:17 PM
Previous filing
Aug 14, 2023
Next filing
Nov 7, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GPS Common Stock Options Exercise $0 +17.9K +206% $0.00 26.7K Sep 14, 2023 Direct
transaction GPS Common Stock Tax liability -$68.2K -6.21K -23.28% $10.99 20.5K Sep 14, 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 -17.9K -10.43% $0.00 154K Sep 14, 2023 Common Stock 17.9K $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 March 14, 2022, the reporting person was granted 35,893 restricted stock units, vesting in 17,947 shares on September 14, 2023, and vesting in 17,946 shares on September 14, 2024.