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Breitbard Mark's Form 4 filing

Gap Inc (GAP) · filed Mar 16, 2023

Accession no.
0001704978-23-000004
Filed
Mar 16, 2023
Trade date
Mar 14-16, 2023
Filing delay
2 days
Rule 10b5-1 plan
Not on the form (before 2023)

This filing lists 8 non-derivative transactions and 3 derivative transactions. Open-market sales total $109.2K. It was filed 2 days after the trade.

Reporting owners

A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.

Reporting owners on this filing
OwnerRelationship to the company
Breitbard MarkCIK 0001704978Officer (President & CEO, Gap Brand)

Non-derivative securities (Table I)

Acquisitions and disposals of common stock and similar shares, one row per line on the filing.

Non-derivative transactions
Trade dateSecurityTransactionSharesPriceValueShares afterOwnershipFlags
Mar 14, 2023Common StockMOption exerciseAcquired+38,220$0.00$0137,200Direct
Mar 14, 2023Common StockFTax withholdingDisposed−13,215$9.98−$131,885.7123,985Direct
Mar 14, 2023Common StockMOption exerciseAcquired+12,035$0.00$0136,020Direct
Mar 14, 2023Common StockFTax withholdingDisposed−4,161$9.98−$41,526.78131,859Direct
Mar 15, 2023Common StockMOption exerciseAcquired+5,283$0.00$0137,142Direct
Mar 15, 2023Common StockFTax withholdingDisposed−1,826$9.75−$17,803.5135,316Direct
Mar 15, 2023Common StockSSaleDisposed−7,874$9.66F2−$76,062.84127,442Direct
Mar 16, 2023Common StockSSaleDisposed−3,457$9.59−$33,152.63123,985Direct

Derivative securities (Table II)

Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.

Derivative transactions
Trade dateSecurityTransactionUnderlying sharesUnit priceValueHeld afterOwnershipFlags
Mar 14, 2023Common StockMOption exerciseDisposed−38,220$0.00$00Direct
Mar 14, 2023Common StockMOption exerciseDisposed−12,035$0.00$0222,021Direct
Mar 15, 2023Common StockMOption exerciseDisposed−5,283$0.00$0216,738Direct

Footnotes and remarks

Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.

F2

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $9.551 to $9.76, inclusive. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected.

Referenced by the price of 1 transaction in Table I.

Read the full filing on SEC EDGAR (opens in a new tab)