Form 4 for GAP GAP INC
Accepted 2024-03-20 00:00:00 ET · period of report 2024-03-18 · accession 0000039911-24-000085 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2024-03-20 | 2024-03-19 | GAP | Gilligan Sarah | Chief Sup Chn, Transform Ofcr | M - OptEx | $9.53 | +45.8K | 36.0K | New | +$436.6K |
| DM | 2024-03-20 | 2024-03-19 | GAP | Gilligan Sarah | Chief Sup Chn, Transform Ofcr | S - Sale+OE | $25.00 | -45.8K | 0 | -100% | -$1.14M |
| DM | 2024-03-20 | 2024-03-19 | GAP | Gilligan Sarah | Chief Sup Chn, Transform Ofcr | M - OptEx | $0.00 | -45.8K | 29.4K | -61% | $0 |
| D | 2024-03-20 | 2024-03-18 | GAP | Gilligan Sarah | Chief Sup Chn, Transform Ofcr | A - Grant | $0.00 | +29.6K | 123.9K | +31% | $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 | 2024-03-19 | M | A | 9,787 | $13.93 | 9,787 | D | — | — | |
| 2 | Common | Common Stock | 2024-03-19 | S | D | 36,000 | $25.00 | 0 | D | — | — | |
| 3 | Common | Common Stock | 2024-03-19 | M | A | 36,000 | $8.34 | 36,000 | D | — | — | |
| 4 | Common | Common Stock | 2024-03-19 | S | D | 9,787 | $25.00 | 0 | D | — | — | |
| 5 | Derivative | Non-Qualified Stock Option (right to buy) | 2024-03-19 | M | D | 36,000 | $0.00 | 12,000 | D | $8.34 · — to 2030-03-16 | 36,000 Common Stock | (F2) The option represents a right to purchase a total of 48,000 shares exercisable in four equal annual installments beginning on March 16, 2021, which was the first anniversary of the date on which the option was granted |
| 6 | Derivative | Non-Qualified Stock Option (right to buy) | 2024-03-19 | M | D | 9,787 | $0.00 | 29,364 | D | $13.93 · — to 2032-03-14 | 9,787 Common Stock | (F3) The option represents a right to purchase a total of 39,151 shares exercisable in four equal annual installments beginning on March 14, 2023, which was the first anniversary of the date on which the option was granted. |
| 7 | Derivative | Restricted Stock Unit | 2024-03-18 | A | A | 29,615 | $0.00 | 123,929 | D | $0.00 · — to — | 29,615 Common Stock | (F4) Each restricted stock unit represents a contingent right to receive one share of Gap Inc. Common Stock. (F5) On March 18, 2024, the reporting person was granted 29,615 restricted stock units, vesting in four equal annual installments beginning on the first anniversary of the grant date. |