Breitbard Mark 4
4 · GAP INC · Filed Mar 18, 2025
Insider Transaction Report
Form 4
GAP INCGAP
Breitbard Mark
President & CEO, Gap Brand
Transactions
- Sale
Common Stock
2025-03-17$20.00/sh−7,730$154,631→ 127,378 total - Exercise/Conversion
Common Stock
2025-03-18+17,275→ 144,653 total - Tax Payment
Common Stock
2025-03-18$20.10/sh−7,919$159,172→ 136,734 total - Exercise/Conversion
Restricted Stock Unit
2025-03-18−17,275→ 186,536 totalExercise: $0.00→ Common Stock (17,275 underlying) - Sale
Common Stock
2025-03-18$19.58/sh−3,393$66,434→ 133,341 total - Award
Restricted Stock Unit
2025-03-17+72,674→ 203,811 totalExercise: $0.00→ Common Stock (72,674 underlying)
Footnotes (6)
- [F1]The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on April 4, 2024.
- [F2]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $19.86 to $20.12, 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.
- [F3]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $19.43 to $19.88, 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.
- [F4]Each restricted stock unit represents a contingent right to receive one share of Gap Inc. Common Stock.
- [F5]On March 17, 2025, the reporting person was granted 72,674 restricted stock units, vesting in three equal annual installments beginning on the first anniversary of the grant date.
- [F6]On March 18, 2024, the reporting person was granted 69,101 restricted stock units, vesting in four equal annual installments beginning on the first anniversary of the grant date.