Asheesh Saksena - Jan 11, 2022 Form 4 Insider Report for GAP INC (GPS)

Role
Chief Growth Officer
Signature
By: JoAnne Zinman, Power of Attorney For: Asheesh Saksena
Stock symbol
GPS
Transactions as of
Jan 11, 2022
Transactions value $
-$282,826
Form type
4
Date filed
1/12/2022, 04:49 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 +44.7K +4571.62% $0.00 45.6K Jan 11, 2022 Direct F1
transaction GPS Common Stock Tax liability -$283K -15.8K -34.66% $17.88 29.8K Jan 11, 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 -44.7K -28.44% $0.00 112K Jan 11, 2022 Common Stock 44.7K $0.00 Direct F2, F3, F4
* 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 January 11, 2021, the reporting person was granted 133,988 restricted stock units, vesting in three equal annual installments beginning on the first anniversary of the grant date.
F4 Not applicable.