Gilligan Sarah 4

What Happened

• Sarah Gilligan, GAP’s Chief Supply Chain & Transformation Officer, had 96,426 shares reported as acquired at $0.00 (representing restricted stock units converting to shares) and 44,722 shares disposed to satisfy a tax liability at $23.24 per share ($1,039,339 total). The filing also shows a grant of 43,772 restricted stock units (derivative) on March 16, 2026.

Key Details

• Transaction date: March 16, 2026.
• Sale/Disposition: 44,722 shares surrendered for tax withholding at $23.24 each, totaling $1,039,339 (code F — payment of exercise price or tax liability).
• Acquisitions/Grants: 96,426 shares acquired at $0.00 (code A) and a separate grant of 43,772 RSUs (derivative) at $0.00 (code A).
• Shares owned after transaction: Not specified in the filing.
• Footnotes: F1 notes each restricted stock unit represents a contingent right to one share. F2 states the 43,772 RSUs granted on March 16, 2026 vest in three equal annual installments beginning on the first anniversary.
• Timeliness: Filing was submitted March 17, 2026 for transactions dated March 16, 2026 (filed promptly).

Context

• The 44,722-share disposition is a tax withholding event (common when RSUs vest) rather than an open-market investment decision; this is routine and does not by itself signal insider sentiment. The newly granted 43,772 RSUs are derivative awards that will vest over three years per the footnote.