Bob L. Martin - Oct 30, 2023 Form 4 Insider Report for GAP INC (GPS)

Role
Director
Signature
By: De Anna Mekwunye, Power of Attorney For: Bob L. Martin
Stock symbol
GPS
Transactions as of
Oct 30, 2023
Transactions value $
-$1,098,381
Form type
4
Date filed
11/2/2023, 08:43 PM
Previous filing
Aug 24, 2023
Next filing
Nov 22, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GPS Common Stock Options Exercise $0 +195K +34.53% $0.00 759K Oct 31, 2023 Direct
transaction GPS Common Stock Tax liability -$1.1M -85.8K -11.31% $12.80 673K Oct 31, 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 -195K -30.8% $0.00 438K Oct 31, 2023 Common Stock 195K $0.00 Direct F1, F2
transaction GPS Stock Units Award $0 +8.59K $0.00 8.59K Oct 30, 2023 Common Stock 8.59K $0.00 Direct F3, F4, F5
* 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 October 31, 2022, the reporting person was granted 194,805 restricted stock units, vesting in full on the one-year anniversary of the grant date, subject to Mr. Martin's continued service as an employee, director or consultant for the Company.
F3 Each stock unit represents a contingent right to receive one share of Gap Inc. common stock.
F4 Each stock unit is immediately vested. However, delivery of the shares is deferred until three years from the date of grant, unless further deferred, or immediately upon cessation of service as a member of the Board, if earlier.
F5 Not applicable.