Chris Blakeslee - 07 Aug 2024 Form 4 Insider Report for GAP INC (GPS)

Signature
By: De Anna Mekwunye; Power of Attorney For: Chris Blakeslee
Issuer symbol
GPS
Transactions as of
07 Aug 2024
Transactions value $
-$2,606,689
Form type
4
Filing time
08 Aug 2024, 16:28:08 UTC
Previous filing
20 Mar 2024
Next filing
05 Dec 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GPS Common Stock Options Exercise $0 +221K +44562.17% $0.00 221K 07 Aug 2024 Direct F1
transaction GPS Common Stock Tax liability -$2.4M -112K -50.57% $21.41 109K 07 Aug 2024 Direct
transaction GPS Common Stock Options Exercise $0 +19.3K +17.6% $0.00 129K 07 Aug 2024 Direct
transaction GPS Common Stock Tax liability -$209K -9.77K -7.59% $21.41 119K 07 Aug 2024 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 -221K -37.89% $0.00 362K 07 Aug 2024 Common Stock 221K $0.00 Direct F2, F3
transaction GPS Restricted Stock Unit Options Exercise $0 -19.3K -5.32% $0.00 343K 07 Aug 2024 Common Stock 19.3K $0.00 Direct F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Balance adjusted to reflect shares acquired under the Gap Inc. Employee Stock Purchase Plan (ESPP).
F2 Each restricted stock unit represents a contingent right to receive one share of Gap Inc. Common Stock.
F3 On August 7, 2023, the reporting person was granted 441,932 restricted stock units, vesting fifty percent of the total grant on the first anniversary of the grant date, thirty percent vesting on the second anniversary of the grant date, and the remaining twenty percent vesting on the third anniversary of the grant date.
F4 On August 7, 2023, the reporting person was granted 77,081 restricted stock units, vesting in four equal annual installments beginning on the first anniversary of the grant date.