Horacio Barbeito - Aug 1, 2024 Form 4 Insider Report for GAP INC (GPS)

Role
President & CEO, Old Navy
Signature
By: De Anna Mekwunye, Power of Attorney For: Horacio Barbeito
Stock symbol
GPS
Transactions as of
Aug 1, 2024
Transactions value $
-$1,293,377
Form type
4
Date filed
8/2/2024, 06:09 PM
Previous filing
Jun 25, 2024
Next filing
Sep 4, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GPS Common Stock Options Exercise $0 +131K $0.00 131K Aug 1, 2024 Direct
transaction GPS Common Stock Tax liability -$1.29M -55.7K -42.49% $23.22 75.4K Aug 1, 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 -131K -39% $0.00 205K Aug 1, 2024 Common Stock 131K $0.00 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 August 1, 2022, the reporting person was granted 393,258 restricted stock units, vesting two-thirds of the total grant on the first anniversary of the grant date and the remaining one-third vesting on the second anniversary of the grant date.