FISHER JOHN J 4

What Happened
John J. Fisher, listed as a 10% owner of GAP Inc. (GAP), reported gift transactions on March 9, 2026. The Form 4 shows three gift entries coded "G": two acquisitions of 840 shares each (reported at $0.00 per share) and a disposition by gift of 382,830 shares (reported at $0.00 per share). All transactions were reported on the Form 4 filed March 11, 2026.

Key Details

• Transaction date(s): 2026-03-09; Form 4 filed: 2026-03-11 (appears timely for a Form 4 filing).
• Reported prices: $0.00 per share for all entries (standard for gift reporting — no cash exchanged).
• Share counts: +840 shares (acq), +840 shares (acq), -382,830 shares (disp by gift).
• Net effect in this filing: a large net disposition (majority of shares gifted away).
• Shares owned after transaction: not stated in the provided summary—see the full Form 4 for post-transaction holdings.
• Notable: insider status = 10% owner; transaction code G = gift.

Context
Gifts are transfers of shares and do not necessarily reflect the insider’s view of the company’s prospects; they often relate to estate planning, family transfers, or charitable donations. As a 10% owner (rather than a company officer), Fisher’s transactions are insider disclosures but should be interpreted differently than executive buy/sell activity.