SANDRA STANGL - 13 Mar 2024 Form 4 Insider Report for GAP INC (GAP)

Role
President&CEO, Banana Republic
Signature
By: De Anna Mekwunye, Power of Attorney For: Sandra Stangl
Issuer symbol
GAP
Transactions as of
13 Mar 2024
Net transactions value
-$576,163
Form type
4
Filing time
14 Mar 2024, 21:36:29 UTC
Previous filing
18 Dec 2023
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 +23,214 +53% $0.000000 66,615 13 Mar 2024 Direct
transaction GPS Common Stock Tax liability $189,823 -8,282 -12% $22.92 58,333 13 Mar 2024 Direct
transaction GPS Common Stock Options Exercise $0 +39,285 +67% $0.000000 97,618 13 Mar 2024 Direct
transaction GPS Common Stock Tax liability $386,340 -16,856 -17% $22.92 80,762 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 -23,214 -6.1% $0.000000 359,591 13 Mar 2024 Common Stock 23,214 $0.000000 Direct F1, F2
transaction GPS Restricted Stock Unit Options Exercise $0 -39,285 -11% $0.000000 320,306 13 Mar 2024 Common Stock 39,285 $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 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.