Gruber Julie 4

What Happened

• Julie Gruber, Gap Inc.'s Chief Legal & Compliance Officer, had restricted stock units convert to 8,633 shares on March 18, 2026. The conversion shows an acquisition of 8,633 shares at $0.00 (derivative conversion).
• To satisfy tax withholding, 4,189 of those shares were withheld/treated as disposed at $23.85 per share, producing proceeds of $99,908. Net new shares received by Gruber were 4,444 (8,633 acquired less 4,189 withheld).
• This is a routine vesting/conversion and tax-withholding event rather than an open-market purchase or voluntary sale.

Key Details

• Transaction date: March 18, 2026; Form 4 filed March 19, 2026 (timely).
• Conversion: 8,633 shares acquired at $0.00 (derivative conversion). Tax withholding: 4,189 shares disposed at $23.85 for $99,908.
• Net shares added to insider’s holdings from this event: +4,444 shares.
• Footnotes: F1 — each restricted stock unit (RSU) equals a right to one share; F2 — these RSUs were from a March 18, 2024 grant that vests in four equal annual installments beginning one year after grant.
• Shares owned after the transaction are not specified in the provided filing.

Context

• This was a vesting/conversion of RSUs with a sell-to-cover (tax withholding) action — common for employees receiving equity awards and not a market sale indicating investment intent.
• For retail investors, purchases or large open-market insider buys are usually more informative; this filing documents compensation vesting and routine tax withholding.