Julie Gruber - 13 Aug 2022 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 2022
Net transactions value
-$75,427
Form type
4
Filing time
16 Aug 2022, 17:27:05 UTC
Previous filing
25 Mar 2022
Next filing
15 Mar 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 +14,300 +32% $0.000000 58,715 13 Aug 2022 Direct F1
transaction GPS Common Stock Tax liability $75,427 -7,089 -12% $10.64 51,626 13 Aug 2022 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 -17% $0.000000 69,935 13 Aug 2022 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.