Asheesh Saksena - 14 Mar 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
14 Mar 2022
Net transactions value
-$41,684
Form type
4
Filing time
16 Mar 2022, 19:27:58 UTC
Previous filing
12 Jan 2022
Next filing
12 Jan 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 +5,763 +18% $0.000000 37,148 15 Mar 2022 Direct F1
transaction GPS Common Stock Tax liability $41,684 -2,857 -7.7% $14.59 34,291 15 Mar 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 +117,453 $0.000000 117,453 14 Mar 2022 Common Stock 117,453 $13.93 Direct F2
transaction GPS Restricted Stock Unit Award $0 +41,265 +37% $0.000000 153,644 14 Mar 2022 Common Stock 41,265 $0.000000 Direct F3, F4
transaction GPS Restricted Stock Unit Options Exercise $0 -5,763 -3.8% $0.000000 147,881 15 Mar 2022 Common Stock 5,763 $0.000000 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.