Mark Breitbard - Dec 20, 2021 Form 4 Insider Report for GAP INC (GPS)

Role
President & CEO, Gap Brand
Signature
By: JoAnne Zinman, Power of Attorney For: Mark Breitbard
Stock symbol
GPS
Transactions as of
Dec 20, 2021
Transactions value $
-$244,345
Form type
4
Date filed
12/22/2021, 03:07 PM
Previous filing
May 19, 2021
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 +14.5K +26.91% $0.00 68.4K Dec 20, 2021 Direct
transaction GPS Common Stock Tax liability -$120K -7.19K -10.51% $16.69 61.2K Dec 20, 2021 Direct
transaction GPS Common Stock Sale -$124K -7.31K -11.95% $17.01 53.9K Dec 21, 2021 Direct F1

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 -14.5K -9.34% $0.00 141K Dec 20, 2021 Common Stock 14.5K $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 The sale reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 30, 2020 and amended on March 18, 2021.
F2 Each restricted stock unit represents a contingent right to receive one share of Gap Inc. Common Stock.
F3 On December 20, 2019, the reporting person was granted 29,000 restricted stock units, vesting in two equal annual installments beginning on the second anniversary of the grant date.
F4 Not applicable.