Bob L. Martin - 30 Jan 2024 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 Jan 2024
Net transactions value
-$1,180,331
Form type
4
Filing time
31 Jan 2024, 17:28:51 UTC
Previous filing
05 Dec 2023
Next filing
02 May 2024
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 +156,124 +24% $0.000000 807,058 30 Jan 2024 Direct
transaction GPS Common Stock Tax liability $1,180,331 -60,999 -7.6% $19.35 746,059 30 Jan 2024 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 -156,124 -36% $0.000000 281,601 30 Jan 2024 Common Stock 156,124 $0.000000 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 January 30, 2023, the reporting person was granted 156,124 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.