Filing Details

Accession Number:
0000039911-24-000103
Form Type:
4
Zero Holdings:
No
Publication Time:
2024-03-26 19:59:24
Reporting Period:
2024-03-23
Accepted Time:
2024-03-26 19:59:24
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
39911 Gap Inc GPS Retail-Family Clothing Stores (5651) 941697231
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1704978 Mark Breitbard Two Folsom Street
San Francisco CA 94105-1205
President & Ceo, Gap Brand No Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2024-03-23 35,032 $0.00 159,017 No 4 M Direct
Common Stock Disposition 2024-03-23 17,640 $28.08 141,377 No 4 F Direct
Common Stock Acquisiton 2024-03-25 93,809 $6.28 235,186 No 4 M Direct
Common Stock Disposition 2024-03-25 93,809 $28.14 141,377 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 F Direct
No 4 M Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Non-Qualified Stock Option (right to buy) Disposition 2024-03-25 93,809 $0.00 93,809 $6.28
Common Stock Restricted Stock Unit Disposition 2024-03-23 35,032 $0.00 35,032 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
93,808 2030-03-23 No 4 M Direct
173,456 No 4 M Direct
Footnotes
  1. The sale reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 4, 2023.
  2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $28.01 to $28.32, 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. On March 23, 2020, the reporting person was granted an option to purchase a total of 375,233 shares, vesting in four equal annual installments beginning on the first anniversary of the grant date.
  4. Each restricted stock unit represents a contingent right to receive one share of Gap Inc. Common Stock.
  5. 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.