Home > Insider Trading > Filing (0001704978-23-000004)

Filing Details

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 St 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
Common Stock	Acquisiton	2023-03-14	38,220	$0.00	137,200	No	4	M	Direct
Common Stock	Disposition	2023-03-14	13,215	$9.98	123,985	No	4	F	Direct
Common Stock	Acquisiton	2023-03-14	12,035	$0.00	136,020	No	4	M	Direct
Common Stock	Disposition	2023-03-14	4,161	$9.98	131,859	No	4	F	Direct
Common Stock	Acquisiton	2023-03-15	5,283	$0.00	137,142	No	4	M	Direct
Common Stock	Disposition	2023-03-15	1,826	$9.75	135,316	No	4	F	Direct
Common Stock	Disposition	2023-03-15	7,874	$9.66	127,442	No	4	S	Direct
Common Stock	Disposition	2023-03-16	3,457	$9.59	123,985	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	F	Direct
No	4	M	Direct
No	4	F	Direct
No	4	M	Direct
No	4	F	Direct
No	4	S	Direct
No	4	S	Direct

Reported Derivative Transactions

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Performance Unit	Disposition	2023-03-14	38,220	$0.00	38,220	$0.00
Common Stock	Restricted Stock Unit	Disposition	2023-03-14	12,035	$0.00	12,035	$0.00
Common Stock	Restricted Stock Unit	Disposition	2023-03-15	5,283	$0.00	5,283	$0.00

Remaning Holdings	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0	No	4	M	Direct
222,021	No	4	M	Direct
216,738	No	4	M	Direct

Footnotes

The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 29, 2022 and amended on December 5, 2022.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $9.551 to $9.76, 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.
Each performance unit represents a contingent right to receive one share of Gap Inc. Common Stock.
On March 14, 2022, the Company's Compensation and Management Development Committee certified that the reporting person earned 76,440 Performance Shares following completion of a three-year (2019-2021) performance cycle under the Company's Long-Term Growth program, with half of the award vesting on the certification date and the remainder vesting on the anniversary of such date.
Each restricted stock unit represents a contingent right to receive one share of Gap Inc. Common Stock.
On March 14, 2022, the reporting person was granted 48,143 restricted stock units, vesting in four equal annual installments beginning on the first anniversary of the grant date.
On March 15, 2021, the reporting person was granted 21,132 restricted stock units, vesting in four equal annual installments beginning on the first anniversary of the grant date.