Bob L. Martin - 30 Oct 2023 Form 4 Insider Report for GAP INC (GAP)

Role
Director
Signature
By: De Anna Mekwunye, Power of Attorney For: Bob L. Martin
Issuer symbol
GAP
Transactions as of
30 Oct 2023
Net transactions value
-$1,098,381
Form type
4
Filing time
02 Nov 2023, 20:43:52 UTC
Previous filing
24 Aug 2023
Next filing
22 Nov 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GPS Common Stock Options Exercise $0 +194,805 +35% $0.000000 759,047 31 Oct 2023 Direct
transaction GPS Common Stock Tax liability $1,098,381 -85,811 -11% $12.80 673,236 31 Oct 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 -194,805 -31% $0.000000 437,725 31 Oct 2023 Common Stock 194,805 $0.000000 Direct F1, F2
transaction GPS Stock Units Award $0 +8,591 $0.000000 8,591 30 Oct 2023 Common Stock 8,591 $0.000000 Direct F3, F4, F5
* 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 October 31, 2022, the reporting person was granted 194,805 restricted stock units, vesting in full on the one-year anniversary of the grant date, subject to Mr. Martin's continued service as an employee, director or consultant for the Company.
F3 Each stock unit represents a contingent right to receive one share of Gap Inc. common stock.
F4 Each stock unit is immediately vested. However, delivery of the shares is deferred until three years from the date of grant, unless further deferred, or immediately upon cessation of service as a member of the Board, if earlier.
F5 Not applicable.