Gap Inc: 10% owner Fisher William Sydney sold 933,656 shares

What happened Fisher William Sydney, a 10% owner, sold 433,656 shares on Oct 5, 2026 at a reported weighted average price of $23.35 for $10,125,868, and sold 500,000 shares on Oct 6, 2026 at a reported weighted average price of $23.89 for $11,945,000, for total proceeds of $22,070,868. The filing reports the sales as open market or private sales (transaction code S).

Key details

• Transaction dates and prices: Oct 5, 2026 — 433,656 shares at a weighted average price of $23.35; Oct 6, 2026 — 500,000 shares at a weighted average price of $23.89.
• Individual sale footnotes: Oct 5 trades executed at prices ranging from $23.255 to $23.5106 (weighted average reported); Oct 6 trades executed at prices ranging from $23.6263 to $24.2016 (weighted average reported). The reporting person offers to provide trade-level details upon request.
• Shares owned after the transactions: not disclosed in the filing.
• Filing date and timeliness: filed on Oct 7, 2026; the filing does not indicate a late filing.

Why it may matter

• The transactions are reported as market/private sales (code S), not option exercises or gifts.
• The reporting person is a 10% owner, i.e., a large holder rather than an executive.
  A filing does not show why the insider traded or why the company acted.