Gap Inc (GAP) 10% Owner William S. Fisher Sells 66,344 Shares

What Happened

• William S. Fisher (reported as a 10% owner) disposed of shares in Gap Inc. via a gift and an open‑market sale. On 2026-09-29 he gifted 21,625 shares (reported as a disposition by gift, $0 proceeds). On 2026-09-30 he sold 66,344 shares in the open market for total proceeds of $1,529,893 (weighted average price $23.06).

Key Details

• Transaction dates and prices:
  • 2026-09-29: Gift of 21,625 shares (code G) — $0 proceeds.
  • 2026-09-30: Sale of 66,344 shares (code S) — weighted avg price $23.06; proceeds $1,529,893.
• Footnote: Trades on 9/30 executed in multiple lots at prices ranging $23.00–$23.245; $23.06 is the weighted average reported (reporting person can provide per‑trade details on request).
• Shares owned after the transactions: Not specified in the provided filing excerpt.
• Filing date: Form 4 filed 2026-10-01, which appears to be within the normal SEC reporting window for these 9/29–9/30 transactions (i.e., not flagged as late in the provided data).
• No 10b5‑1 plan, tax withholding, or option exercises were indicated in the provided information.

Context

• A gift (G) is a non‑market transfer and does not necessarily signal buy/sell sentiment. The subsequent open‑market sale (S) generated about $1.53M in proceeds.
• As a reported 10% owner, Fisher is a large shareholder rather than a routine employee trade; such holders may transact for liquidity or portfolio reasons. These filings are informational; they don’t by themselves explain motivation.