Richard Dickson - Aug 22, 2024 Form 4 Insider Report for GAP INC (GAP)

Role
President & CEO, Gap Inc., Director
Signature
De Anna Mekwunye, Power of Attorney for Richard Dickson
Stock symbol
GAP
Transactions as of
Aug 22, 2024
Transactions value $
-$3,074,617
Form type
4
Date filed
8/23/2024, 07:25 PM
Previous filing
Jul 1, 2024
Next filing
Nov 12, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GAP Common Stock Options Exercise $0 +233K +440.76% $0.00 286K Aug 22, 2024 Direct
transaction GAP Common Stock Tax liability -$3.07M -125K -43.81% $24.55 161K Aug 22, 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 GAP Restricted Stock Unit Options Exercise $0 -233K -23.96% $0.00 740K Aug 22, 2024 Common Stock 233K $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 22, 2023, the reporting person was granted 466,008 restricted stock units, vesting fifty percent of the total grant on the first anniversary of the grant date, twenty-five percent on the second anniversary of the grant date, and the remaining twenty-five percent on the third anniversary of the grant date.