Mark Breitbard - 16 May 2025 Form 4 Insider Report for GAP INC (GAP)

Signature
By: De Anna Mekwunye, Power of Attorney For: Mark Breitbard
Issuer symbol
GAP
Transactions as of
16 May 2025
Net transactions value
-$671,602
Form type
4
Filing time
19 May 2025, 18:05:18 UTC
Previous filing
20 Mar 2025

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Breitbard Mark President & CEO, Gap Brand TWO FOLSOM STREET, SAN FRANCISCO By: De Anna Mekwunye, Power of Attorney For: Mark Breitbard 19 May 2025 0001704978

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GAP Common Stock Options Exercise $715,793 +51,385 +41% $13.93 175,370 16 May 2025 Direct F1
transaction GAP Common Stock Sale $1,387,395 -51,385 -29% $27.00 123,985 16 May 2025 Direct F1

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 Non-Qualified Stock Option (right to buy) Options Exercise $0 -51,385 -37% $0.000000 85,644 16 May 2025 Common Stock 51,385 $13.93 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The stock option exercise and sale reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 19, 2024.
F2 On March 14, 2022, the reporting person was granted an option to purchase a total of 137,029 shares, vesting in four equal annual installments beginning on the first anniversary of the grant date.