Mark Breitbard - Mar 23, 2022 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
Mar 23, 2022
Transactions value $
-$244,368
Form type
4
Date filed
3/25/2022, 04:50 PM
Previous filing
Mar 16, 2022
Next filing
May 12, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GPS Common Stock Options Exercise $0 +35K +35.72% $0.00 133K Mar 23, 2022 Direct
transaction GPS Common Stock Tax liability -$244K -17.4K -13.05% $14.07 116K Mar 23, 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 -35K -19.08% $0.00 149K Mar 23, 2022 Common Stock 35K $0.00 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.