Sandra Stangl - 14 Mar 2023 Form 4 Insider Report for GAP INC (GAP)

Role
Pres. & CEO, Banana Republic
Signature
By: JoAnne Zinman, Power of Attorney For: Sandra Stangl
Issuer symbol
GAP
Transactions as of
14 Mar 2023
Net transactions value
-$44,637
Form type
4
Filing time
16 Mar 2023, 18:27:26 UTC
Previous filing
15 Mar 2023
Next filing
09 Aug 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GPS Common Stock Options Exercise $0 +8,596 +50% $0.000000 25,741 14 Mar 2023 Direct
transaction GPS Common Stock Tax liability $29,661 -2,972 -12% $9.98 22,769 14 Mar 2023 Direct
transaction GPS Common Stock Options Exercise $0 +4,442 +20% $0.000000 27,211 15 Mar 2023 Direct
transaction GPS Common Stock Tax liability $14,976 -1,536 -5.6% $9.75 25,675 15 Mar 2023 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 -8,596 -2.8% $0.000000 294,341 14 Mar 2023 Common Stock 8,596 $0.000000 Direct F1, F2
transaction GPS Restricted Stock Unit Options Exercise $0 -4,442 -1.5% $0.000000 289,899 15 Mar 2023 Common Stock 4,442 $0.000000 Direct F1, F3
* 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 March 14, 2022, the reporting person was granted 34,387 restricted stock units, vesting in four equal annual installments beginning on the first anniversary of the grant date.
F3 On March 15, 2021, the reporting person was granted 17,770 restricted stock units, vesting in four equal annual installments beginning on the first anniversary of the grant date.