Julie Gruber - Aug 13, 2021 Form 4 Insider Report for GAP INC (GPS)

Signature
By: JoAnne Zinman, Power of Attorney For: Julie Gruber
Stock symbol
GPS
Transactions as of
Aug 13, 2021
Transactions value $
-$204,801
Form type
4
Date filed
8/16/2021, 05:05 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 +14.3K +404.24% $0.00 17.8K Aug 13, 2021 Direct F1
transaction GPS Common Stock Tax liability -$205K -7.09K -39.74% $28.89 10.7K Aug 13, 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 -14.3K -12.61% $0.00 99.1K Aug 13, 2021 Common Stock 14.3K $0.00 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Balance adjusted to reflect shares acquired under the Gap Inc. Employee Stock Purchase Plan.
F2 Each restricted stock unit represents a contingent right to receive one share of Gap Inc. Common Stock.
F3 On August 13, 2019, the reporting person was granted 28,600 restricted stock units, vesting in two equal annual installments beginning on the second anniversary of the grant date.