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

Role
EVP & Chief People Officer
Signature
By: JoAnne Zinman, Power of Attorney For: Sheila Peters
Stock symbol
GPS
Transactions as of
Nov 15, 2022
Transactions value $
-$552
Form type
4
Date filed
3/15/2023, 08:05 PM
Previous filing
Aug 16, 2022
Next filing
Mar 16, 2023

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% $0.00 19.4K Nov 15, 2022 Direct F1
transaction GPS Common Stock Tax liability -$552 -43 -0.22% $12.84 19.4K Nov 15, 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% $0.00 43.3K Nov 15, 2022 Common Stock 43 $0.00 Direct F3, F4, F5
transaction GPS Restricted Stock Unit Award $0 +50K +115.44% $0.00 93.3K Mar 13, 2023 Common Stock 50K $0.00 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.