Barbeito Horacio 4

What Happened

• Horacio Barbeito, President & CEO of Old Navy at GAP Inc. (GAP), disposed of 113,684 shares on March 20, 2026. The reported weighted-average sale price was $24.01 per share (range $23.85–$24.27), for total proceeds of approximately $2,729,973. The transaction was a sale (disposition), not a purchase.

Key Details

• Transaction date: 2026-03-20 (reported on Form 4 filed 2026-03-23).
• Shares sold: 113,684; weighted-average price: $24.01; price range: $23.85–$24.27.
• Total proceeds: ~$2,729,973.
• Shares owned after transaction: not specified in the provided excerpt.
• Footnotes:
  • F1 — Sale executed pursuant to a Rule 10b5-1 trading plan adopted Dec 12, 2025.
  • F2 — Price shown is a weighted average; multiple trades occurred and reporting person will provide per-trade details upon request.
• Filing timeliness: Form 4 filed on 2026-03-23 for a 2026-03-20 transaction; filing appears to be within the required two business days.

Context

• The trade was made under a 10b5-1 plan, which is a prearranged schedule for trades and can limit the extent to which a single trade indicates the insider’s current view of the company. Sales are common for liquidity, diversification, or tax planning and do not, by themselves, confirm management sentiment.