Katrina O'Connell - 14 Mar 2023 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 2023
Net transactions value
-$60,130
Form type
4
Filing time
16 Mar 2023, 18:20:58 UTC
Previous filing
15 Mar 2023
Next filing
27 Mar 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 +12,035 $0.000000 12,035 14 Mar 2023 Direct
transaction GPS Common Stock Tax liability $41,527 -4,161 -35% $9.98 7,874 14 Mar 2023 Direct
transaction GPS Common Stock Options Exercise $0 +4,803 +61% $0.000000 12,677 15 Mar 2023 Direct
transaction GPS Common Stock Tax liability $16,185 -1,660 -13% $9.75 11,017 15 Mar 2023 Direct
transaction GPS Common Stock Options Exercise $0 +718 +6.5% $0.000000 11,735 15 Mar 2023 Direct
transaction GPS Common Stock Tax liability $2,418 -248 -2.1% $9.75 11,487 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 -12,035 -3.9% $0.000000 298,905 14 Mar 2023 Common Stock 12,035 $0.000000 Direct F1, F2
transaction GPS Restricted Stock Unit Options Exercise $0 -4,803 -1.6% $0.000000 294,102 15 Mar 2023 Common Stock 4,803 $0.000000 Direct F1, F3
transaction GPS Restricted Stock Unit Options Exercise $0 -718 -0.24% $0.000000 293,384 15 Mar 2023 Common Stock 718 $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 48,143 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 19,211 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 1,437 restricted stock units, vesting 718 shares on the second anniversary of the grant date and 719 shares on the third anniversary of the grant date.