[144] GAP INC SEC Filing

Rhea-AI Filing Summary

Form 144 notice for GAP Inc. (GAP) reporting proposed and recent insider sales. The filing shows a proposed sale of 200,000 shares of common stock through Goldman Sachs & Co. LLC with an aggregate market value of $4,772,517, and an approximate sale date of 09/15/2025 on the NYSE. The securities to be sold were acquired by the filer as a gift on 11/12/2009 from Doris F. Fisher; donor acquisition date listed as 07/03/1969. The form also discloses a prior sale by William S. Fisher of 243,064 shares on 09/04/2025 for gross proceeds of $5,788,669. The filer certifies no undisclosed material adverse information and includes the standard attestation language regarding trading plans and criminal penalties for misstatements.

Positive

• Compliance with Rule 144 is clearly documented including broker details and acquisition history
• Attestation indicates the filer represents no undisclosed material adverse information

Negative

• Insider selling of meaningful dollar amounts ($4.77M proposed, $5.79M realized) which could be perceived negatively by some investors
• Limited contextual information in the filing prevents assessment of motive or whether sales are part of a trading plan

Insights

Securities Analyst

TL;DR: Insiders are selling sizable positions, but filings show transfers acquired long ago and standard certifications; impact appears neutral absent further context.

The filing reports a proposed sale of 200,000 GAP shares valued at $4.77M and a recent sale of 243,064 shares generating $5.79M. The securities were originally acquired by gift, indicating these are not newly purchased holdings. From a market-impact perspective, the disclosed blocks are meaningful in absolute dollars but represent a small portion of total outstanding shares (200,000 vs. 371,047,226 outstanding). Without additional information on insider intent, timing, or other concurrent disclosures, this Form 144 primarily documents compliance with resale rules rather than a material corporate development.

Corporate Governance Expert

TL;DR: The filing adheres to Rule 144 reporting requirements and includes required attestations; no governance red flags are evident from the form alone.

The form includes the required broker identification, acquisition history (gift), and prior three-month sales. The attestation that the signer is unaware of undisclosed material adverse information and the reference to potential 10b5-1 plans are standard. There is no indication of unusual transfer mechanisms, pledges, or insider departures in this content. Governance implications are limited because the filing documents a resale process rather than a corporate action.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common Stock	Goldman Sachs & Co. LLC 200 West Street New York NY 10282	200000	4772517	371047226	09/15/2025	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common Stock	11/12/2009	Gift	Doris F. Fisher		07/03/1969	200000	07/03/1969	Cash

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
William S. Fisher 1300 Evans Avenue, No. 880154 San Francisco CA 94188	Common Stock	09/04/2025	243064	5788669

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What shares of GAP does the Form 144 propose to sell?

The filing proposes the sale of 200,000 shares of GAP common stock with an aggregate market value of $4,772,517.

When is the proposed sale scheduled to occur?

The approximate date of sale listed is 09/15/2025 on the NYSE, executed through Goldman Sachs & Co. LLC.

Who acquired the securities and how were they acquired?

The filer acquired the 200,000 shares as a gift on 11/12/2009 from Doris F. Fisher; the donor's acquisition date is shown as 07/03/1969.

Has the filer sold any GAP shares recently?

Yes. The filing discloses a sale by William S. Fisher of 243,064 shares on 09/04/2025, yielding gross proceeds of $5,788,669.

Does the filing indicate any undisclosed material information about GAP?

No. The filer certifies by signature that they do not know of any material adverse information regarding the issuer that has not been publicly disclosed.