Julie Gruber - 13 Mar 2025 Form 4 Insider Report for GAP INC (GAP)

Role
Chief Legal&Compliance Officer
Signature
By: De Anna Mekwunye, Power of Attorney For: Julie Gruber
Issuer symbol
GAP
Transactions as of
13 Mar 2025
Net transactions value
-$349,329
Form type
4
Filing time
14 Mar 2025, 18:18:28 UTC
Previous filing
04 Jun 2024
Next filing
17 Mar 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GAP Common Stock Options Exercise $0 +15,178 +629% $0.000000 17,593 13 Mar 2025 Direct F1
transaction GAP Common Stock Tax liability $114,193 -5,430 -31% $21.03 12,163 13 Mar 2025 Direct
transaction GAP Common Stock Options Exercise $0 +31,250 +257% $0.000000 43,413 13 Mar 2025 Direct
transaction GAP Common Stock Tax liability $235,136 -11,181 -26% $21.03 32,232 13 Mar 2025 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 GAP Restricted Stock Unit Options Exercise $0 -15,178 -11% $0.000000 117,860 13 Mar 2025 Common Stock 15,178 $0.000000 Direct F2, F3
transaction GAP Restricted Stock Unit Options Exercise $0 -31,250 -27% $0.000000 86,610 13 Mar 2025 Common Stock 31,250 $0.000000 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 March 13, 2023, the reporting person was granted 60,714 restricted stock units, vesting in four equal annual installments beginning on the first anniversary of the grant date.
F4 On March 13, 2023, the reporting person was granted 62,500 restricted stock units, vesting in two equal annual installments beginning on the first anniversary of the grant date.