Sarah Gilligan - 14 Mar 2023 Form 4 Insider Report for GAP INC (GAP)

Role
EVP Sup Chn, Strat & Transform
Signature
By: JoAnne Zinman, Power of Attorney For: Sarah Gilligan
Issuer symbol
GAP
Transactions as of
14 Mar 2023
Net transactions value
-$44,996
Form type
4
Filing time
16 Mar 2023, 18:00:14 UTC
Previous filing
15 Mar 2023
Next filing
22 May 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GPS Common Stock Options Exercise $0 +3,438 $0.000000 3,438 14 Mar 2023 Direct
transaction GPS Common Stock Tax liability $11,856 -1,188 -35% $9.98 2,250 14 Mar 2023 Direct
transaction GPS Common Stock Options Exercise $0 +8,228 +366% $0.000000 10,478 15 Mar 2023 Direct
transaction GPS Common Stock Tax liability $27,641 -2,835 -27% $9.75 7,643 15 Mar 2023 Direct
transaction GPS Common Stock Options Exercise $0 +1,633 +21% $0.000000 9,276 15 Mar 2023 Direct
transaction GPS Common Stock Tax liability $5,499 -564 -6.1% $9.75 8,712 15 Mar 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 -3,438 -1.9% $0.000000 181,850 14 Mar 2023 Common Stock 3,438 $0.000000 Direct F1, F2
transaction GPS Restricted Stock Unit Options Exercise $0 -8,228 -4.5% $0.000000 173,622 15 Mar 2023 Common Stock 8,228 $0.000000 Direct F1, F3
transaction GPS Restricted Stock Unit Options Exercise $0 -1,633 -0.94% $0.000000 171,989 15 Mar 2023 Common Stock 1,633 $0.000000 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.