Mark Breitbard - 23 Mar 2022 Form 4 Insider Report for GAP INC (GPS)

Role
President & CEO, Gap Brand
Signature
By: JoAnne Zinman, Power of Attorney For: Mark Breitbard
Issuer symbol
GPS
Transactions as of
23 Mar 2022
Net transactions value
-$244,368
Form type
4
Filing time
25 Mar 2022, 16:50:06 UTC
Previous filing
16 Mar 2022
Next filing
12 May 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 +35,032 +36% $0.000000 133,103 23 Mar 2022 Direct
transaction GPS Common Stock Tax liability $244,368 -17,368 -13% $14.07 115,735 23 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 Restricted Stock Unit Options Exercise $0 -35,032 -19% $0.000000 148,556 23 Mar 2022 Common Stock 35,032 $0.000000 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive one share of Gap Inc. Common Stock.
F2 On March 23, 2020, the reporting person was granted 140,127 restricted stock units, vesting 35,031 on the first anniversary of the grant date and 35,032 on the second, third and fourth anniversary of the grant date.