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

Role: Chief Legal&Compliance Officer
Signature: By: JoAnne Zinman, Power of Attorney For: Julie Gruber
Issuer symbol: GAP
Transactions as of: 13 Aug 2021
Net transactions value: -$204,801
Form type: 4
Filing time: 16 Aug 2021, 17:05:45 UTC
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	+14,300	+404%	$0.000000	17,838	13 Aug 2021	Direct	F1
transaction	GPS	Common Stock	Tax liability	$204,801	-7,089	-40%	$28.89	10,749	13 Aug 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	-14,300	-13%	$0.000000	99,112	13 Aug 2021	Common Stock	14,300	$0.000000	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.