Sandra Stangl - Dec 14, 2021 Form 4 Insider Report for GAP INC (GPS)

Role
Pres. & CEO, Banana Republic
Signature
By: JoAnne Zinman, Power of Attorney For: Sandra Stangl
Stock symbol
GPS
Transactions as of
Dec 14, 2021
Transactions value $
-$70,168
Form type
4
Date filed
12/16/2021, 02:59 PM
Next filing
Mar 16, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GPS Common Stock Options Exercise $0 +12.3K $0.00 12.3K Dec 14, 2021 Direct
transaction GPS Common Stock Tax liability -$70.2K -4.25K -34.58% $16.51 8.04K Dec 14, 2021 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 GPS Restricted Stock Unit Options Exercise $0 -12.3K -18.36% $0.00 54.6K Dec 14, 2021 Common Stock 12.3K $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 December 14, 2020, the reporting person was granted 49,164 restricted stock units, vesting in four equal annual installments beginning on the first anniversary of the grant date.