Salaam Coleman Smith - 22 Mar 2024 Form 4 Insider Report for GAP INC (GAP)

Role
Director
Signature
By: De Anna Mekwunye, Power of Attorney For: Salaam Coleman Smith
Issuer symbol
GAP
Transactions as of
22 Mar 2024
Net transactions value
$0
Form type
4
Filing time
25 Mar 2024, 21:29:09 UTC
Previous filing
05 Jul 2023
Next filing
29 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 +5,629 $0.000000 5,629 22 Mar 2024 Direct
transaction GPS Common Stock Options Exercise $0 +743 +13% $0.000000 6,372 22 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 Dividend Equivalent Rights Award $0 +133 +6.1% $0.000000 2,314 22 Mar 2024 Common Stock 133 $0.000000 Direct F1, F2, F3
transaction GPS Dividend Equivalent Rights Options Exercise $0 -743 -32% $0.000000 1,571 22 Mar 2024 Common Stock 743 $0.000000 Direct F1, F3, F4
transaction GPS Stock Units Options Exercise $0 -5,629 -12% $0.000000 41,051 22 Mar 2024 Common Stock 5,629 $0.000000 Direct F3, F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each dividend equivalent right is the economic equivalent of one share of Gap Inc. common stock.
F2 The dividend equivalent rights accrued on stock units originally granted on March 22, 2021, and are immediately vested. Vested shares are delivered to the reporting person no sooner than 3 years from the date of grant, unless further deferred, or immediately upon cessation of service as a member of the Board, if earlier.
F3 Not applicable.
F4 These shares were issued in settlement of dividend equivalent rights accrued on stock units granted on March 22, 2021.
F5 Each stock unit represents a contingent right to receive one share of Gap Inc. common stock.
F6 These shares were issued in settlement of stock units granted on March 22, 2021.