Katrina O'Connell - 14 Mar 2022 Form 4 Insider Report for GAP INC (GPS)

Role: EVP CFO
Signature: By: JoAnne Zinman, Power of Attorney For: Katrina O'Connell
Issuer symbol: GPS
Transactions as of: 14 Mar 2022
Transactions value $: -$24,161
Form type: 4
Filing time: 16 Mar 2022, 18:18:11 UTC
Previous filing: 16 Aug 2021
Next filing: 25 Mar 2022
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	+4,802	+63%	$0	12,365	15 Mar 2022	Direct
transaction	GPS	Common Stock	Tax liability	-$24,161	-1,656	-13%	$14.59	10,709	15 Mar 2022	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	Non-Qualified Stock Option (right to buy)	Award	$0	+137,029		$0	137,029	14 Mar 2022	Common Stock	137,029	$13.93	Direct	F1
transaction	GPS	Restricted Stock Unit	Award	$0	+48,143	+50%	$0	143,504	14 Mar 2022	Common Stock	48,143	$0	Direct	F2, F3
transaction	GPS	Restricted Stock Unit	Options Exercise	$0	-4,802	-3.3%	$0	138,702	15 Mar 2022	Common Stock	4,802	$0	Direct	F2, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On March 14, 2022, the reporting person was granted an option to purchase a total of 137,029 shares, vesting in four equal annual installments beginning on the first anniversary of the grant date.
F2	Each restricted stock unit represents a contingent right to receive one share of Gap Inc. Common Stock.
F3	On March 14, 2022, the reporting person was granted 48,143 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 19,211 restricted stock units, vesting in four equal annual installments beginning on the first anniversary of the grant date.