Asheesh Saksena - Mar 14, 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: Mar 14, 2022
Transactions value $: -$41,684
Form type: 4
Date filed: 3/16/2022, 07:27 PM
Previous filing: Jan 12, 2022
Next filing: Jan 12, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	GPS	Common Stock	Options Exercise	$0	+5.76K	+18.36%	$0.00	37.1K	Mar 15, 2022	Direct	F1
transaction	GPS	Common Stock	Tax liability	-$41.7K	-2.86K	-7.69%	$14.59	34.3K	Mar 15, 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	Non-Qualified Stock Option (right to buy)	Award	$0	+117K		$0.00	117K	Mar 14, 2022	Common Stock	117K	$13.93	Direct	F2
transaction	GPS	Restricted Stock Unit	Award	$0	+41.3K	+36.72%	$0.00	154K	Mar 14, 2022	Common Stock	41.3K	$0.00	Direct	F3, F4
transaction	GPS	Restricted Stock Unit	Options Exercise	$0	-5.76K	-3.75%	$0.00	148K	Mar 15, 2022	Common Stock	5.76K	$0.00	Direct	F3, F5

* 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	On March 14, 2022, the reporting person was granted an option to purchase a total of 117,453 shares, vesting in four equal annual installments beginning on the first anniversary of the grant date.
F3	Each restricted stock unit represents a contingent right to receive one share of Gap Inc. Common Stock.
F4	On March 14, 2022, the reporting person was granted 41,265 restricted stock units, vesting in four equal annual installments beginning on the first anniversary of the grant date.
F5	On March 15, 2021, the reporting person was granted 23,053 restricted stock units, vesting in four equal annual installments beginning on the first anniversary of the grant date.