Sarah Gilligan - Mar 14, 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 14, 2023
Transactions value $
-$44,996
Form type
4
Date filed
3/16/2023, 06:00 PM
Previous filing
Mar 15, 2023
Next filing
May 22, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GPS Common Stock Options Exercise $0 +3.44K $0.00 3.44K Mar 14, 2023 Direct
transaction GPS Common Stock Tax liability -$11.9K -1.19K -34.55% $9.98 2.25K Mar 14, 2023 Direct
transaction GPS Common Stock Options Exercise $0 +8.23K +365.69% $0.00 10.5K Mar 15, 2023 Direct
transaction GPS Common Stock Tax liability -$27.6K -2.84K -27.06% $9.75 7.64K Mar 15, 2023 Direct
transaction GPS Common Stock Options Exercise $0 +1.63K +21.37% $0.00 9.28K Mar 15, 2023 Direct
transaction GPS Common Stock Tax liability -$5.5K -564 -6.08% $9.75 8.71K Mar 15, 2023 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 -3.44K -1.86% $0.00 182K Mar 14, 2023 Common Stock 3.44K $0.00 Direct F1, F2
transaction GPS Restricted Stock Unit Options Exercise $0 -8.23K -4.52% $0.00 174K Mar 15, 2023 Common Stock 8.23K $0.00 Direct F1, F3
transaction GPS Restricted Stock Unit Options Exercise $0 -1.63K -0.94% $0.00 172K Mar 15, 2023 Common Stock 1.63K $0.00 Direct F1, F4
* 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 14, 2022, the reporting person was granted 13,755 restricted stock units, vesting in four equal annual installments beginning on the first anniversary of the grant date.
F3 On March 15, 2021, the reporting person was granted 6,531 restricted stock units, vesting in four equal annual installments beginning on the first anniversary of the grant date.
F4 On March 15, 2021, the reporting person was granted 16,456 restricted stock units, vesting 8,228 shares on the second anniversary of the grant date and 8,228 shares on the third anniversary of the grant date.