Gruber Julie 4

What Happened

• Julie Gruber, GAP Inc. (GAP) Chief Legal & Compliance Officer, converted/exercised 13,403 derivative awards into common shares on March 13, 2026 (reported as code M, $0.00 exercise price). To cover tax withholding (code F), 4,494 of those shares were surrendered/withheld at $23.13 per share for a withholding value of $103,946. The net shares delivered to Ms. Gruber were 8,909 (13,403 acquired minus 4,494 withheld). The conversion required no cash exercise price.

Key Details

• Transaction date: 2026-03-13.
• Conversion: 13,403 shares acquired via derivative conversion (M) at $0.00.
• Tax withholding/disposition: 4,494 shares disposed at $23.13 each = $103,946 (F).
• Net shares received by insider: 8,909 shares.
• Footnotes: F1 notes an ESPP balance adjustment; F2 clarifies each restricted stock unit (RSU) equals one share; F3 notes a March 13, 2023 grant of 60,714 RSUs vesting in four annual installments.
• Filing timeliness: Reported on the same date (no late filing indicated).

Context

• This appears to be a standard RSU/derivative conversion with net-share withholding for taxes (common practice), not an open-market purchase or planned sale for investment purposes. Such tax-withholding disposals are routine and do not necessarily indicate a change in insider sentiment.