Salaam Coleman Smith - 30 Jun 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
30 Jun 2024
Net transactions value
$0
Form type
4
Filing time
01 Jul 2024, 18:03:27 UTC
Previous filing
29 May 2024
Next filing
27 May 2025
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 +223 +3.5% $0.000000 6,595 30 Jun 2024 Direct
transaction GPS Common Stock Options Exercise $0 +1,384 +21% $0.000000 7,979 30 Jun 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 +1,070 +68% $0.000000 2,641 30 Jun 2024 Common Stock 1,070 $0.000000 Direct F1, F2, F3
transaction GPS Dividend Equivalent Rights Options Exercise $0 -224 -8.5% $0.000000 2,417 30 Jun 2024 Common Stock 224 $0.000000 Direct F1, F3, F4
transaction GPS Stock Units Award $0 +7,115 +17% $0.000000 48,166 30 Jun 2024 Common Stock 7,115 $0.000000 Direct F3, F5, F6
transaction GPS Stock Units Options Exercise $0 -1,384 -2.9% $0.000000 46,782 30 Jun 2024 Common Stock 1,384 $0.000000 Direct F3, F5, F7
* 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 June 30, 2021, June 30, 2022, and June 30, 2023, and are immediately vested. Vested shares are delivered to the reporting person no sooner than three 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 June 30, 2021.
F5 Each stock unit represents a contingent right to receive one share of Gap Inc. common stock.
F6 Each stock unit is immediately vested. However, delivery of the shares is deferred until three years from the date of grant, unless further deferred, or immediately upon cessation of service as a member of the Board, if earlier.
F7 These shares were issued in settlement of stock units granted on June 30, 2021.