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

Signature
By: JoAnne Zinman, Power of Attorney For: Sonia Syngal
Stock symbol
GPS
Transactions as of
Nov 13, 2021
Transactions value $
-$350,061
Form type
4
Date filed
11/16/2021, 05:36 PM
Previous filing
Aug 24, 2021
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 +14.5K +46.18% $0.00 45.9K Nov 13, 2021 Direct
transaction GPS Common Stock Tax liability -$178K -7.19K -15.66% $24.82 38.7K Nov 13, 2021 Direct
transaction GPS Common Stock Sale -$172K -6.95K -17.94% $24.71 31.8K Nov 16, 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 -14.5K -4.63% $0.00 299K Nov 13, 2021 Common Stock 14.5K $0.00 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.