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

Role: Chief Growth Officer
Signature: By: JoAnne Zinman, Power of Attorney For: Asheesh Saksena
Issuer symbol: GAP
Transactions as of: 11 Jan 2022
Net transactions value: -$282,826
Form type: 4
Filing time: 12 Jan 2022, 16:49:38 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	+44,662	+4572%	$0.000000	45,639	11 Jan 2022	Direct	F1
transaction	GPS	Common Stock	Tax liability	$282,826	-15,818	-35%	$17.88	29,821	11 Jan 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	-44,662	-28%	$0.000000	112,379	11 Jan 2022	Common Stock	44,662	$0.000000	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.