Chris Blakeslee - Aug 7, 2024 Form 4 Insider Report for GAP INC (GPS)

Role
President & CEO, Athleta
Signature
By: De Anna Mekwunye; Power of Attorney For: Chris Blakeslee
Stock symbol
GPS
Transactions as of
Aug 7, 2024
Transactions value $
-$2,606,689
Form type
4
Date filed
8/8/2024, 04:28 PM
Previous filing
Mar 20, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GPS Common Stock Options Exercise $0 +221K +44562.17% $0.00 221K Aug 7, 2024 Direct F1
transaction GPS Common Stock Tax liability -$2.4M -112K -50.57% $21.41 109K Aug 7, 2024 Direct
transaction GPS Common Stock Options Exercise $0 +19.3K +17.6% $0.00 129K Aug 7, 2024 Direct
transaction GPS Common Stock Tax liability -$209K -9.77K -7.59% $21.41 119K Aug 7, 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 -221K -37.89% $0.00 362K Aug 7, 2024 Common Stock 221K $0.00 Direct F2, F3
transaction GPS Restricted Stock Unit Options Exercise $0 -19.3K -5.32% $0.00 343K Aug 7, 2024 Common Stock 19.3K $0.00 Direct F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Balance adjusted to reflect shares acquired under the Gap Inc. Employee Stock Purchase Plan (ESPP).
F2 Each restricted stock unit represents a contingent right to receive one share of Gap Inc. Common Stock.
F3 On August 7, 2023, the reporting person was granted 441,932 restricted stock units, vesting fifty percent of the total grant on the first anniversary of the grant date, thirty percent vesting on the second anniversary of the grant date, and the remaining twenty percent vesting on the third anniversary of the grant date.
F4 On August 7, 2023, the reporting person was granted 77,081 restricted stock units, vesting in four equal annual installments beginning on the first anniversary of the grant date.