Form 4 for GAP GAP INC
Accepted 2023-03-24 00:00:00 ET · period of report 2023-03-23 · accession 0001704978-23-000006 · 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 | 2023-03-24 | 2023-03-23 | GAP | Breitbard Mark | Pres, CEO, Gap Brand | F - Tax | $8.84 | -12.1K | 146.9K | -8% | -$107.1K |
| D | 2023-03-24 | 2023-03-24 | GAP | Breitbard Mark | Pres, CEO, Gap Brand | S - Sale+OE | $8.78 | -22.9K | 124.0K | -16% | -$201.2K |
| D | 2023-03-24 | 2023-03-23 | GAP | Breitbard Mark | Pres, CEO, Gap Brand | M - OptEx | $0.00 | +35.0K | 159.0K | +28% | $0 |
| D | 2023-03-24 | 2023-03-23 | GAP | Breitbard Mark | Pres, CEO, Gap Brand | M - OptEx | $0.00 | -35.0K | 181.7K | -16% | $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 | 2023-03-23 | F | D | 12,114 | $8.84 | 146,903 | D | — | — | |
| 2 | Common | Common Stock | 2023-03-24 | S | D | 22,918 | $8.78 | 123,985 | D | — | — | (F2) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $8.72 to $8.85, 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. |
| 3 | Common | Common Stock | 2023-03-23 | M | A | 35,032 | $0.00 | 159,017 | D | — | — | |
| 4 | Derivative | Restricted Stock Unit | 2023-03-23 | M | D | 35,032 | $0.00 | 181,706 | D | $0.00 · — to — | 35,032 Common Stock | (F3) Each restricted stock unit represents a contingent right to receive one share of Gap Inc. Common Stock. (F4) On March 23, 2020, the reporting person was granted 140,127 restricted stock units, vesting 35,031 shares on the first anniversary of the grant date and 35,032 shares on the second, third and fourth anniversary of the grant date. |