Sheila Peters - 15 Nov 2022 Form 4 Insider Report for GAP INC (GAP)

Role: EVP & Chief People Officer
Signature: By: JoAnne Zinman, Power of Attorney For: Sheila Peters
Issuer symbol: GAP
Transactions as of: 15 Nov 2022
Net transactions value: -$552
Form type: 4
Filing time: 15 Mar 2023, 20:05:02 UTC
Previous filing: 16 Aug 2022
Next filing: 16 Mar 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	+43	+0.22%	$0.000000	19,433	15 Nov 2022	Direct	F1
transaction	GPS	Common Stock	Tax liability	$552	-43	-0.22%	$12.84	19,390	15 Nov 2022	Direct	F2

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	-43	-0.1%	$0.000000	43,314	15 Nov 2022	Common Stock	43	$0.000000	Direct	F3, F4, F5
transaction	GPS	Restricted Stock Unit	Award	$0	+50,000	+115%	$0.000000	93,314	13 Mar 2023	Common Stock	50,000	$0.000000	Direct	F3, F6

* 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	Mandatory tax withholding on vesting of restricted stock units due to retirement eligibility.
F3	Each restricted stock unit represents a contingent right to receive one share of Gap Inc. Common Stock.
F4	The restricted stock units for which the reporting person is retirement eligible vest 480 shares on March 15, 2023 and 480 shares vest on March 15, 2024. Vesting (but not distribution) is accelerated on retirement eligibility, subject to the RSUs being held for one year following the grant date.
F5	Not applicable.
F6	On March 13, 2023, the reporting person was granted 50,000 restricted stock units, vesting in one annual installment on the first anniversary of the grant date.