Sandra Stangl - Mar 13, 2024 Form 4 Insider Report for GAP INC (GPS)

Role
President&CEO, Banana Republic
Signature
By: De Anna Mekwunye, Power of Attorney For: Sandra Stangl
Stock symbol
GPS
Transactions as of
Mar 13, 2024
Transactions value $
-$576,163
Form type
4
Date filed
3/14/2024, 09:36 PM
Previous filing
Dec 18, 2023
Next filing
Mar 15, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GPS Common Stock Options Exercise $0 +23.2K +53.49% $0.00 66.6K Mar 13, 2024 Direct
transaction GPS Common Stock Tax liability -$190K -8.28K -12.43% $22.92 58.3K Mar 13, 2024 Direct
transaction GPS Common Stock Options Exercise $0 +39.3K +67.35% $0.00 97.6K Mar 13, 2024 Direct
transaction GPS Common Stock Tax liability -$386K -16.9K -17.27% $22.92 80.8K Mar 13, 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 -23.2K -6.06% $0.00 360K Mar 13, 2024 Common Stock 23.2K $0.00 Direct F1, F2
transaction GPS Restricted Stock Unit Options Exercise $0 -39.3K -10.92% $0.00 320K Mar 13, 2024 Common Stock 39.3K $0.00 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 92,857 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 78,571 restricted stock units, vesting in two equal annual installments beginning on the first anniversary of the grant date.