Sheila Peters - Mar 23, 2023 Form 4 Insider Report for GAP INC (GPS)

Signature
By: JoAnne Zinman, Power of Attorney For: Sheila Peters
Stock symbol
GPS
Transactions as of
Mar 23, 2023
Transactions value $
-$22,683
Form type
4
Date filed
3/27/2023, 06:19 PM
Previous filing
Mar 16, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GPS Common Stock Options Exercise $0 +7.96K +31.79% $0.00 33K Mar 23, 2023 Direct
transaction GPS Common Stock Tax liability -$22.7K -2.57K -7.77% $8.84 30.4K Mar 23, 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 -7.96K -9.33% $0.00 77.4K Mar 23, 2023 Common Stock 7.96K $0.00 Direct F1, F2
* 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 23, 2020, the reporting person was granted 31,847 restricted stock units, vesting 7,961 shares on the first anniversary of the grant date and 7,962 shares on the second, third and fourth anniversary of the grant date. Vesting (but not distribution) is accelerated on retirement eligibility, subject to the restricted stock units being held for one year following the grant date. 816 shares were previously withheld for mandatory tax withholding on these restricted stock units due to retirement eligibility (Form 4 filed 03/25/2021).