Horacio Barbeito - 13 Mar 2024 Form 4 Insider Report for GAP INC (GAP)

Role
President & CEO, Old Navy
Signature
By: De Anna Mekwunye, Power of Attorney For: Horacio Barbeito
Issuer symbol
GAP
Transactions as of
13 Mar 2024
Net transactions value
-$202,521
Form type
4
Filing time
14 Mar 2024, 21:32:18 UTC
Previous filing
05 Dec 2023
Next filing
20 Mar 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 +32,142 +9610% $0.000000 32,476 13 Mar 2024 Direct F1
transaction GPS Common Stock Tax liability $202,521 -8,836 -27% $22.92 23,640 13 Mar 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 -32,142 -12% $0.000000 227,515 13 Mar 2024 Common Stock 32,142 $0.000000 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Balance adjusted to reflect shares acquired under the Gap Inc. Employee Stock Purchase Plan (ESPP).
F2 Each restricted stock unit represents a contingent right to receive one share of Gap Inc. Common Stock.
F3 On March 13, 2023, the reporting person was granted 128,571 restricted stock units, vesting in four equal annual installments beginning on the first anniversary of the grant date.