O'Connell Katrina 4/A

What Happened

• Katrina O'Connell, Chief Financial Officer of GAP Inc. (GAP), sold 11,503 shares in an open-market disposition on March 18, 2026.
• The filing reports a weighted-average sale price of $24.21 per share (prices ranged $23.75–$24.42), for aggregate proceeds of approximately $278,489.
• This was a sale (not a purchase); sales by insiders can be routine liquidity events and do not necessarily signal a change in view on the company.

Key Details

• Transaction date: March 18, 2026. Amended Form 4 filed March 23, 2026 (Accession: 0001806953-26-000007).
• Price: weighted average $24.21; individual trades ranged from $23.75 to $24.42 (reporting person can provide per-trade details on request).
• Shares sold: 11,503; proceeds ≈ $278,489.
• Shares owned after transaction: not disclosed in this amended filing.
• Footnotes: Sale was effected pursuant to a Rule 10b5-1 trading plan adopted June 12, 2025. The Form 4/A was filed to include this sale after it was inadvertently omitted due to an administrative error.
• Timeliness: This is an amended (late) filing to correct an omission; the amendment states the sale was pre-planned under a 10b5-1 program.

Context

• Because the sale was executed under a pre-established Rule 10b5-1 plan, it was likely scheduled in advance rather than timed to current company events. Rule 10b5-1 plans are commonly used by insiders to systematically sell shares.
• For retail investors: purchases often carry clearer forward-looking signals than sales. This report documents a routine insider sale that was later added via an amended filing.