Sarah Gilligan - 13 Mar 2024 Form 4 Insider Report for GAP INC (GAP)

Role
Chief Sup Chn & Transform Ofcr
Signature
By: De Anna Mekwunye, Power of Attorney For: Sarah Gilligan
Issuer symbol
GAP
Transactions as of
13 Mar 2024
Net transactions value
-$389,709
Form type
4
Filing time
14 Mar 2024, 21:34:01 UTC
Previous filing
12 Mar 2024
Next filing
15 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 +10,714 $0.000000 10,714 13 Mar 2024 Direct
transaction GPS Common Stock Tax liability $87,348 -3,811 -36% $22.92 6,903 13 Mar 2024 Direct
transaction GPS Common Stock Options Exercise $0 +35,714 +517% $0.000000 42,617 13 Mar 2024 Direct
transaction GPS Common Stock Tax liability $302,361 -13,192 -31% $22.92 29,425 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 -10,714 -7% $0.000000 143,328 13 Mar 2024 Common Stock 10,714 $0.000000 Direct F1, F2
transaction GPS Restricted Stock Unit Options Exercise $0 -35,714 -25% $0.000000 107,614 13 Mar 2024 Common Stock 35,714 $0.000000 Direct F1, F3
* 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 13, 2023, the reporting person was granted 42,857 restricted stock units, vesting in four equal annual installments beginning on the first anniversary of the grant date.
F3 On March 13, 2023, the reporting person was granted 71,428 restricted stock units, vesting in two equal annual installments beginning on the first anniversary of the grant date.