Sarah Gilligan - Mar 13, 2023 Form 4 Insider Report for GAP INC (GPS)

Role
EVP Sup Chn, Strat & Transform
Signature
By: JoAnne Zinman, Power of Attorney For: Sarah Gilligan
Stock symbol
GPS
Transactions as of
Mar 13, 2023
Transactions value $
$0
Form type
4
Date filed
3/15/2023, 06:06 PM
Previous filing
Mar 15, 2023
Next filing
Mar 16, 2023

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 Award $0 +42.9K +60.36% $0.00 114K Mar 13, 2023 Common Stock 42.9K $0.00 Direct F1, F2
transaction GPS Restricted Stock Unit Award $0 +71.4K +62.73% $0.00 185K Mar 13, 2023 Common Stock 71.4K $0.00 Direct F1, F3
* 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 13, 2023, the reporting person was granted 42,857 restricted stock units, vesting in four equal annual installments beginning on the first anniversary of the grant date.
F3 On March 13, 2023, the reporting person was granted 71,428 restricted stock units, vesting in two equal annual installments beginning on the first anniversary of the grant date.