William Sydney Fisher - Jun 30, 2022 Form 4 Insider Report for GAP INC (GPS)

Role: Director, 10%+ Owner
Signature: /s/ Jane Spray, Attorney-in-fact
Stock symbol: GPS
Transactions as of: Jun 30, 2022
Transactions value $: $0
Form type: 4
Date filed: 7/5/2022, 07:38 PM
Previous filing: Mar 4, 2022
Next filing: Mar 3, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	GPS	Common Stock	Options Exercise	$0	+8.9K	+0.08%	$0.00	11M	Jun 30, 2022	Direct	F1
transaction	GPS	Common Stock	Options Exercise	$0	+1.17K	+0.01%	$0.00	11M	Jun 30, 2022	Direct	F2
holding	GPS	Common Stock						27M	Jun 30, 2022	By FCH TBMS LLC	F3
holding	GPS	Common Stock						147K	Jun 30, 2022	By Spouse
holding	GPS	Common Stock						4.19M	Jun 30, 2022	By Trust
holding	GPS	Common Stock						15K	Jun 30, 2022	By Limited Partnerships

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	Stock Units	Options Exercise	$0	-8.9K	-18.84%	$0.00	38.4K	Jun 30, 2022	Common Stock	8.9K	$0.00	Direct	F1
transaction	GPS	Dividend Equivalent Rights	Options Exercise	$0	-1.17K	-49.44%	$0.00	1.19K	Jun 30, 2022	Common Stock	1.17K	$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	8,903 shares were issued in settlement of the stock units originally granted to the reporting person on June 30, 2019. Each stock unit represented the right to receive one share of The Gap, Inc. common stock ("Gap Common Stock").
F2	1,168 shares were issued in settlement of dividend equivalent rights on the above-referenced stock units originally granted to the reporting person on June 30, 2019. Each equivalent right was the economic equivalent of one share of Gap Common Stock.
F3	The reporting person is the sole manager and a member of FCH TBMS LLC, a Delaware limited liability company that owns the reported securities. As manager of FCH TBMS LLC, the reporting person may be deemed to have indirect beneficial ownership of the 27,000,000 shares of Gap Common Stock of which FCH TBMS LLC has beneficial ownership. The reporting person disclaims beneficial ownership of all shares of Gap Common Stock held by FCH TBMS LLC except to the extent of his pecuniary interest therein.
F4	The reporting person previously filed a Form 4 on July 1, 2022, which incorrectly reported the number of dividend equivalent rights beneficially owned by the reporting person following the applicable transaction. This Form 4 reports the correct amount of dividend equivalent rights after taking into account all applicable transactions to date.