Form 4 for GAP GAP INC
Accepted 2023-08-03 00:00:00 ET · period of report 2023-08-01 · accession 0000039911-23-000093 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2023-08-03 | 2023-08-01 | GAP | Barbeito Horacio | Pres, CEO, Old Navy | F - Tax | $10.62 | -107.6K | 154.6K | -41% | -$1.14M |
| D | 2023-08-03 | 2023-08-01 | GAP | Barbeito Horacio | Pres, CEO, Old Navy | M - OptEx | $0.00 | +262.2K | 262.2K | New | $0 |
| D | 2023-08-03 | 2023-08-02 | GAP | Barbeito Horacio | Pres, CEO, Old Navy | S - Sale+OE | $10.26 | -154.6K | 0 | -100% | -$1.59M |
| D | 2023-08-03 | 2023-08-01 | GAP | Barbeito Horacio | Pres, CEO, Old Navy | M - OptEx | $0.00 | -262.2K | 259.7K | -50% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2023-08-01 | F | D | 107,573 | $10.62 | 154,599 | D | — | — | |
| 2 | Common | Common Stock | 2023-08-01 | M | A | 262,172 | $0.00 | 262,172 | D | — | — | |
| 3 | Common | Common Stock | 2023-08-02 | S | D | 154,599 | $10.26 | 0 | D | — | — | (F2) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $10.08 to $10.43, inclusive. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected. |
| 4 | Derivative | Restricted Stock Unit | 2023-08-01 | M | D | 262,172 | $0.00 | 259,657 | D | $0.00 · — to — | 262,172 Common Stock | (F3) Each restricted stock unit represents a contingent right to receive one share of Gap Inc. Common Stock. (F4) On August 1, 2022, the reporting person was granted 393,258 restricted stock units, vesting two-thirds of the total grant on the first anniversary of the grant date and the remaining one-third vesting on the second anniversary of the grant date. |