Bob L. Martin - 01 May 2024 Form 4 Insider Report for GAP INC (GAP)

Role
Director
Signature
By: De Anna Mekwunye, Power of Attorney For: Bob L. Martin
Issuer symbol
GAP
Transactions as of
01 May 2024
Net transactions value
-$1,754,915
Form type
4
Filing time
02 May 2024, 17:49:48 UTC
Previous filing
31 Jan 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 +202,282 +27% $0.000000 948,341 01 May 2024 Direct
transaction GPS Common Stock Tax liability $1,754,915 -88,498 -9.3% $19.83 859,843 01 May 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 -202,282 -72% $0.000000 79,319 01 May 2024 Common Stock 202,282 $0.000000 Direct F1, F2
* 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 May 1, 2023, Mr. Martin received an award of 202,282 restricted stock units, vesting in full on the one-year anniversary of the grant date, subject to Mr. Martin's continued service as an employee, director or consultant for the Company.