Nancy Green - Mar 16, 2022 Form 4 Insider Report for GAP INC (GPS)

Signature
By: JoAnne Zinman, Power of Attorney For: Nancy Green
Stock symbol
GPS
Transactions as of
Mar 16, 2022
Transactions value $
-$649,605
Form type
4
Date filed
3/18/2022, 02:30 PM
Previous filing
Mar 16, 2022
Next filing
Mar 22, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GPS Common Stock Options Exercise $0 +88.6K +75.91% $0.00 205K Mar 16, 2022 Direct
transaction GPS Common Stock Tax liability -$650K -41.9K -20.38% $15.52 164K Mar 16, 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 -88.6K -24.82% $0.00 268K Mar 16, 2022 Common Stock 88.6K $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 16, 2020, the reporting person was granted 194,578 restricted stock units, vesting in two equal annual installments beginning on the second anniversary of the grant date. Vesting (but not distribution) is accelerated on retirement eligibility. 8,666 shares were previously withheld for mandatory tax withholding on these restricted stock units upon retirement eligibility (Form 4 filed 12/21/2021).