RICHARD DICKSON - 22 Aug 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
Issuer symbol
GAP
Transactions as of
22 Aug 2024
Net transactions value
-$3,074,617
Form type
4
Filing time
23 Aug 2024, 19:25:23 UTC
Previous filing
01 Jul 2024
Next filing
12 Nov 2024
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 +233,004 +441% $0.000000 285,868 22 Aug 2024 Direct
transaction GAP Common Stock Tax liability $3,074,617 -125,239 -44% $24.55 160,629 22 Aug 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 -233,004 -24% $0.000000 739,641 22 Aug 2024 Common Stock 233,004 $0.000000 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.