Sonia Syngal - 13 Nov 2021 Form 4 Insider Report for GAP INC (GAP)

Role
CEO Gap, Inc., Director
Signature
By: JoAnne Zinman, Power of Attorney For: Sonia Syngal
Issuer symbol
GAP
Transactions as of
13 Nov 2021
Net transactions value
-$350,061
Form type
4
Filing time
16 Nov 2021, 17:36:46 UTC
Previous filing
24 Aug 2021
Next filing
16 Mar 2022
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 +14,500 +46% $0.000000 45,902 13 Nov 2021 Direct
transaction GPS Common Stock Tax liability $178,431 -7,189 -16% $24.82 38,713 13 Nov 2021 Direct
transaction GPS Common Stock Sale $171,630 -6,945 -18% $24.71 31,768 16 Nov 2021 Direct F1, F2

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 -14,500 -4.6% $0.000000 298,628 13 Nov 2021 Common Stock 14,500 $0.000000 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sale reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 15, 2021.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $24.59 to $24.87, inclusive. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected.
F3 Each restricted stock unit represents a contingent right to receive one share of Gap Inc. Common Stock.
F4 On November 13, 2019, the reporting person was granted 29,000 restricted stock units, vesting in two equal annual installments beginning on the second anniversary of the grant date.