Mary Beth Laughton - 28 Oct 2022 Form 4 Insider Report for GAP INC (GAP)

Signature
By: JoAnne Zinman, Power of Attorney For: Mary Beth Laughton
Issuer symbol
GAP
Transactions as of
28 Oct 2022
Net transactions value
-$246,408
Form type
4
Filing time
01 Nov 2022, 16:24:17 UTC
Previous filing
28 Oct 2022
Next filing
19 Aug 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GPS Common Stock Options Exercise $0 +21,875 +69% $0.000000 53,436 28 Oct 2022 Direct
transaction GPS Common Stock Tax liability $122,006 -10,845 -20% $11.25 42,591 28 Oct 2022 Direct
transaction GPS Common Stock Sale $124,402 -11,030 -26% $11.28 31,561 31 Oct 2022 Direct F1, 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 -21,875 -11% $0.000000 176,400 28 Oct 2022 Common Stock 21,875 $0.000000 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sale reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 2, 2021.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $11.18 to $11.38, inclusive. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected.
F3 Each restricted stock unit represents a contingent right to receive one share of Gap Inc. Common Stock.
F4 On October 28, 2019, the reporting person was granted 87,500 restricted stock units, vesting in four equal annual installments beginning on the first anniversary of the grant date.